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My way of trading by using RSI 9

  • #1
  • First Post: May 24, 2010 2:38pm May 24, 2010 2:38pm
In the name of God the Merciful

Relative Strength Index (RSI) is one of the most widely used technical indicators by traders.

Benchmark index of the relative strength of the group because it is a volatile index tends to oscillate between the value of the maximum and minimum. It is used primarily to assist in determining the conditions of purchase or sale in a particular currency, as it is designed to range between 0 and 100 and determine the direction of uptrend and subsidies and resistance and breakage real and fake warning and rolling on the possibility of a change uptrend and tells you if the price in the case of fluctuate as the master of Mowhrat


If properly used as follows:

1 It is a momentum indicator and oscillate between a scale of 0-100.

2 has two basic functions to explain the price is overbought / oversold and,

3 as they determine the price movement by forming patterns, such as Double top or bottom Top, Head & Shoulders, etc., and this sort of thing myself no longer be seen, and for me I will know Benchmark

4 and will generate more references accurate market movements and trends and diavarstion

We will deal with the rsi with a new way

Will know how to take advantage of the innovative ways rsi 9

- Determine the type of trend
- Determination of fracture and penetration trend line


- Will we use it with harmonic
- Will determine if the break or hack true for support and resistance
- How do we use it with febo





Thanks

Greenius
GREENIUS
  • #2
  • May 25, 2010 1:11am May 25, 2010 1:11am
First Section

- Determine the direction of the uptrend without hesitation or fatigue


Everyone wants to tread with trend to how I define the uptrend or down trend by using rsi 9


1. Open daily chart Eurodollar (u can used to any pair ant time frame ) Apply RSI and change settings from 14 to 9
2. Draw a horizontal green line at each of 80 and 40
3. Draw a horizontal red line at each of 60 and 20
4. If The rsi fluctuates between 80 and 40 will be a uptrend
5. If The rsi fluctuates between 60 and 20 is in a downtrend
6. If the rsi was limited to between 60 and 40 to be in a period of range and the weakness of my trading


Please See chart
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GREENIUS
  • #3
  • May 25, 2010 1:41am May 25, 2010 1:41am
looks like u read John Hayden's book or took Andrew Cardwell's course right?
  • #4
  • May 25, 2010 2:14am May 25, 2010 2:14am
Maybe try this: look at your images, if currency goes from top left corner of your chart to the bottom right corner -> downtrend. Uptrend vice versa....
  • #5
  • May 25, 2010 2:39am May 25, 2010 2:39am
Quoting hotstorm
Maybe try this: look at your images, if currency goes from top left corner of your chart to the bottom right corner -> downtrend. Uptrend vice versa....
this chart only for understanding of rsi 9 behavior u can or any one just at 1st look on chart can identified trend direction but we need more analysis to be on right position and minimum stop lose

By rsi 9 we will trade with trend and 4h chart will by our guide
GREENIUS
  • #6
  • May 25, 2010 2:51am May 25, 2010 2:51am
even without indicator you can easily see the trend especially in the daily chart..
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  • #7
  • May 25, 2010 4:34am May 25, 2010 4:34am
Since RSi moving between 60 to 40 that mean Down trend in this case we are looking for opportunity to go short form strong point with a trend in this example 1.5063 consider good opportunity since it is broking support turn to resistance I jut monitor rsi 9 to reach to 60 line which it consider limit of correction wave CW
In this case since the price and rsi reach resistance line and trend down it’s good opportunity to go short
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GREENIUS
  • #8
  • May 25, 2010 9:08am May 25, 2010 9:08am
in case rsi moved between 60 and 40 for some time that mean we do not have trend we called side way and be limeted between upper and lower limit we can go short from upper limit since we trad with trend and long but not recommended with small target and stop lose from lower limit

1st when rsi 9 move down breakout 40 line that strong indicator the sideways movement it end and down trend started forming and we have to look for short opportunity see chart 2
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GREENIUS
  • #9
  • May 25, 2010 10:56am May 25, 2010 10:56am
Quoting greenius
this chart only for understanding of rsi 9 behavior u can or any one just at 1st look on chart can identified trend direction but we need more analysis to be on right position and minimum stop lose

By rsi 9 we will trade with trend and 4h chart will by our guide
Hotstorm on the money, all you really need to know is the trend. From your chart, play the short from left to right if your screen. Some of the most simplest, free advise you'd ever receive.

You got the trend and trading in the direction, place protective stop 50-100 pips back. Hold the positions as long as you can. If you get stopped out and the trend continues, you just timed the short wrong. No worries, jump back on the short. Stay with the trend and you shouldn't have to worry much about retracements. Use indicators and I guarantee you'll miss the big picture and/or get in the market late. Play what you see on the top part of your screen and not the bottom. Top part will always be righter than the bottom (indicator area).

Words of Wisdom: the only thing that tells the truth are the candles as they don't lie
  • #10
  • May 25, 2010 11:36am May 25, 2010 11:36am
Very interesting greenius. RSI is a very under-rated indicator. But why Period 9 , not 14 or 8.
  • #11
  • May 25, 2010 12:09pm May 25, 2010 12:09pm
Quoting Brb-Fraudin
Very interesting greenius. RSI is a very under-rated indicator. But why Period 9 , not 14 or 8.
you can used rsi 3 up to 14 dependent if u r aggressive or conservative i am
in center rellay i used rsi 9 and 5 in same time andi will told you why

if incase of up trend rsi will be moving between 80-40 when trend going to change the 1st rule rsi should and must go down from 40 to 20 and should not exceed line 60 see so in this case i used two rsi 5 and 9

Rsi 5 will give early that the trend will change then rsi 9 i will conformed

see chart 1st indication be alart
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GREENIUS
  • #12
  • May 25, 2010 12:16pm May 25, 2010 12:16pm
Quoting greenius
you can used rsi 3 up to 14 dependent if u r aggressive or conservative i am
in center rellay i used rsi 9 and 5 in same time andi will told you why

if incase of up trend rsi will be moving between 80-40 when trend going to change the 1st rule rsi should and must go down from 40 to 20 and should not exceed line 60 see so in this case i used two rsi 5 and 9

Rsi 5 will give early that the trend will change then rsi 9 i will conformed

see chart 1st indication be alart
In your chart the RSI went from 40 to 20 after the trend break by a lot of time. Or am I seeing something wrong. You are only highliting the rsi breaking the 40 level , but this happend also during the uptrend.
  • #13
  • May 25, 2010 12:53pm May 25, 2010 12:53pm
Quoting Brb-Fraudin
In your chart the RSI went from 40 to 20 after the trend break by a lot of time. Or am I seeing something wrong. You are only highliting the rsi breaking the 40 level , but this happend also during the uptrend.

in case of up trend rsi will be moving between 80 to 40 in case rsi move down from 40 to 20 and not exceed 60 that very strong indication that trend have been broke u have to tack poetion short from re testing of broken trend or from broking line and rsi will conformed that when he not exceed level 60
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GREENIUS
  • #14
  • Edited 11:19am May 29, 2010 10:09am | Edited 11:19am
Quoting greenius
in case of up trend rsi will be moving between 80 to 40 in case rsi move down from 40 to 20 and not exceed 60 that very strong indication that trend have been broke u have to tack poetion short from re testing of broken trend or from broking line and rsi will conformed that when he not exceed level 60
Hello Greenius

Are you the same Person how teach people to trade on this room I mean the room with free trading signals every day.http://r2b6f7d0c.s.roomsserver.com
they have nice result look to the pic with the results from 2 weeks a go

If you dont like this post you can remove it?

thanks bother way.

Greet you,

Yoenes
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  • #15
  • May 30, 2010 1:26am May 30, 2010 1:26am
Quoting yoenes
hello greenius

are you the same person how teach people to trade on this room i mean the room with free trading signals every day.http://r2b6f7d0c.s.roomsserver.com
they have nice result look to the pic with the results from 2 weeks a go

if you dont like this post you can remove it?

Thanks bother way.

Greet you,

yoenes

yes i am same one how trading in this room
and it was green week 2500 pip
GREENIUS
  • #16
  • May 30, 2010 2:39am May 30, 2010 2:39am
In the name of God the most Merciful


do we really need indicator to spot daily trend? i dont think so.
  • #17
  • May 30, 2010 2:49am May 30, 2010 2:49am
Quoting swingtrader
In the name of God the most Merciful


do we really need indicator to spot daily trend? i dont think so.
NO NEED but u need to get best position short or long as per trend
try it on 4h 1h and 30min chart

with such that indicator we made 1500-2000 pip per week dear
GREENIUS
  • #18
  • May 30, 2010 3:32am May 30, 2010 3:32am
In this example 4h trend up trend and waiting for long opportunity by using febo level specially 61.8 and 78.6 level rsi will give me conformation that the price reach support level since rsi reach also 40 level which consider it rsi support level in this case I will go long my sl will be under 88.6 feb level my 1 tp will be 32.8 2nd tp2 100 level 3rd -23.6 level
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GREENIUS
  • #19
  • May 30, 2010 11:59am May 30, 2010 11:59am
Your way of using RSI is interesting. I use it this way too with price action and it gives me quite good results. But I think that you should pay attention to the trend and then use RSI to enter or re-enter to folow the trend. Trend can be given by the MA's. Then I think we can use RSI to confirm price action and trend. Exits should be at Fibo levels or you can put a trailing stop. What do you think about it ?

Anyway thanks to post your way of using RSI.
  • #20
  • May 30, 2010 12:12pm May 30, 2010 12:12pm
Where are you from Green? I am from Egypt. And Yoenes is Syrian I believe.
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