Good..... but the problem with this strategy is you never know which is liquidity raid and BOS if we identify currently then its is best strategyGood..... but the problem with this strategy is you never know which is liquidity raid and BOS if we identify currently then its is best strategy
The fact is that BTC symbolises the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal;
I've been thinking of going that route, been holding a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think your coach could aid me with portfolio-restructuring?
@Julie Banns Thank vou for sharing; I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes.
Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Katrina susan, she is my current trader and her strategies are working
I'm amazed you mentioned katrina susan, she is the best and her strategies works like magic. I've been making over 80% of my investment weekly since I started investing with her trading service
This is not the first time i am hearing of Katrina susan and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but i have no idea how to reach her
Every time the RSI in your example peaked, price action went back down. Which happens almost all the time. I'm still gonna use it the way you said not to. It's just as reliable as any other strategy
I sold a couple of homes in the Tampa area for pretty good cash and I'm thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it's a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I'd love to know how
look at it this way, while some folks are waiting to make minimal profits when stocks recover, some others folks already know where to look and what to do to make hefty gains in these times, so yea, it all boils down to knowledge to risk mltigation.
@@caroamira True, I was in dilemma myself due to this chaotic mrkt, wasn't sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red and the economy isn’t looking promising, but I began gaiinng clarity and have more confidence in my invt through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amt in fees for me to be able to net $650K in less than 8months like I did this year, I truly don't mind
@@logisticsdelivery Omg 650K this year? that’s neat, I was actually reading an articles this morning on Bloomberg about technquees to gain in this dip, but I’m just a noob so i don't understand most of it, who is this advlser that guides you, I’m having serious troubles with my portfolio
@@victorcardi2019 Susan Lorraine Curry is actuaIIy the one that guides me, she’s a hlghIy-sought out advlser, so I’m not certain she’s acceptlng new intakes, but you can give it a shot. It wouldn’t be proper to just Ieave her number Iying around, but she has a webpage you can look at if you googIe her name
@@logisticsdelivery I did check her out, I see why you said she's probably booked up, her creds/resumé is topnotch. I booked a consultation with her regardless
take some adderall. thats all it takes. just make sure you spend the time trading and not jacking off to porn for 8hrs. edging the entire time finding the perfect video to bust. sure after hrs of edging. its gonna feel amazing when you bust... but the Adderall is for making money not busting loads." - Warren Buffett
Great Video man, one question, is this method valid for smaller caps where there may be less hedge funds, banks, big finance companies, etc? I am not doing well, all my trades slaps me in the face.
Lol, slaps you in the face haha that's funny, Your problem could be that your stop loss is way too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.
Honestly I liked this comment because it made me laugh 😂but seriously in the end it comes down to experience, you can keep trying different things until you find the one that works or you can find someone to guide you.
What TF do you like to trade? Some guys love the 5 min while others think it's too unpredictable and prefer 4 hr or Daily. Whatever. So if it's the 1 hr. then you need to know what the next TF above it is doing (trending up or down in the near future: very important). Now draw a diagonal trend line...don't ask, figure it out, it's simple. Next, is it overbought or oversold? This is directly related to the trend line. This is when you buy or sell and the simplified version of what you need to work on asap or you're done.
What you need is enlightenment, read more books on the subject, Have you tried Bitcoin trading? Trading with the right strategy for example is all you need trust me.
I came here to get an idea of how to trade utilizing A.I trading bots after hearing a guy on a podcast talk about the importance of A.I bots in trading and how he made $360,000 in 6 months from $50,000. This video has helped to clarify a few things for me, but I'm still puzzled, I'm a rookie, and I'm open to suggestions.
I've been on both ends of the spectrum, invested on my own for about 3 years, did my own research and analysis before trading, things got pretty tough after the pandemic, just when I was looking for a Investment Advisor for Orientation, it's been over 2 years and I've grown a stagnant reserve from $80,000 to $700,000 in just 24 months.
@@TruckeeFam Interesting. I have a lump sum that does absolutely nothing to my bank account, I want to start something with that. You seem to be doing very well, how do you achieve this?
When "LISA ELLEN SHAW" is trading live there’s no BS or excuses. She wins the tràde you win. You take the loss I promise she’s taking one with you. Having her guide ME through a trade was the breakthrough I needed when it came to managing emotions while holding a position. She's a google-able person, so it shouldn't be hard to find her official webpage as she is prominent.
@@TruckeeFam She really seem to know her stuff, i saw her educational background and qualifications on her website after looking her up, I wrote her a message detailing my experience & goals, hopefully she responds soon. Thanks for sharing.
Very engaging. Tried many trading bot/indicator out there none works out well, can someone recommend any, my finance is draining by the management of wrong people
A lot of thanks. Frankly speaking, I am not good at English. But I tried to watch the video and well understand the content. It's of great value to me.
depending on the market conditions. RSI can be the best indicator it can also be one of the worst as it can get stuck in over bought or oversold positions while the trend continues. i like the concept of trade it when it comes back out of this area. It can still be dangerous. With a strong uptrend. a pullback could trigger this exact situation and you get in just as it's ending. Other confirmation is needed. Personally i use the RSI on an over 50, under 50 mentality. and direction of RSI matters. So if it's over 50 i'm leaning buy. but i don't want to see it coming down if i have a buy bias. i am looking for the reversal back on trend. I also have it set to 24 Of note. i also set the MACD to 20 and 50. Those who know about trading will understand the importance of this particular X.
This is such an amazing insight to RSI - thank you so much for the time you have put into making this... I would like to ask if Im reviwing a 5 min chart and find a divergence would I then go to the 1 min chart to execute the trade as an advantage or to the 15 min chart for an advantage?
Excellent stuff, my friend. You've just convinced me to dim the overbought/oversold lines. I'm still not confident enough to turn them off completely haha. It's like a security blanket.
The one thing I have found rigorously backtesting RSI Divergence strategies with currency pairs, Crypto, Stock index futures, forex futures, metal futures, and energy futures …etc. You never know when the divergence is done. Hindsight is great, but put it on bar replay mode and tell me when you think it’s done? Plus false divergences occur 5-8 times per trend. This typically indicates pullbacks that could possibly be a counter trend trade, but many many fail completely. Also, real reversals may not show any divergence. Then it will give you false divergence in the opposite direction, because a new trend has begun.
I use RSI 120 and combine it with EMA 300 to play on TF 1M, and always set TP M110 pips, don't care about SL because 100% TP is certain just by paying attention to the RSI position below or above and entry based on candle movement against EMA 300.
bro nice job thx for the video i didnt see anyone to explain like you. the only confusing thing is i didnt get the point of why did you set the source as ohlc4 instead of close. i think the default one is the better.
Your discussion was very important for learning. I learned a lot of things that I didn't know before. It will definitely improve my trading strategy. Thank you very much.
Investments are a way of providing funds for the generation of future income or profits. Investing allows individuals to put money aside while they go about their daily business, let the funds work for them, and earn income for their work in the future. It is important to invest wisely, make informed decisions and carefully weigh the risks and potential rewards associated with each investment opportunity.
I don't have to brag or talk much, but anyone who knows me can testify for me. I had very little in my bank when I met Sherman Williams Trading. I started investing with just $4,000 and he made me $26,500 in profit in just 15 days. That alone has given me more confidence and confidence which has prompted me to reinvest with more and now I'm earning weekly.
You may never know the value of that dollar until you go bankrupt. The bad experience I had last year really made me feel that there needs to be more financial literacy and education in our programs in schools. It's never enough to have a good job, a high salary, and all the luxuries at your disposal. But saving money and investing wisely is never a bad idea. I learned how to invest, no matter how small, and I still benefit from it to this day. Thank you Sherman Williams Trading ...
>< On a scale of 1-10, I'll give Sherman Williams Trading a 9 simply because no one is perfect when it comes to trading, but when it comes to making a profit... Trust me when I say that it may surprise you when you don't expect it. It truly amazes me how I went from living an average life to earning $48,500 every week. all thanks to Sherman Williams Trading.. I don't know how he does it but he definitely makes it possible, I believe in him..
Sherman Williams Trading is really something else, its strategies and its seriousness brought him so much. This isn't the first time I've seen evidence of his good deeds and I'm sure it won't be the last. For such good people, we owe them our prayers and support.
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
@@stellaadams593 in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multifaceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
@@davidjackson4437 I invest with CLAUDIA TRINIDAD RIVAS a widely known consultant. You can make a quick internet research with her name mentioned where you can easily get in touch..
I would recommend you learn one simple strategy that works for you. Backtest . Do not let the media distract you with other indicators if one strategy works for you. If it isn’t broken why fix it. Unless you searching for the one that fits your style. On that you like. - Utilize risk management. Put your savings in a trading account and start making another stream of income there. But risk management most importantly should be your main concern to master since you would have a nice amount of capital the market could try and eat away at… if you do not pick up trading as a scholar then don’t even put that money in there. Better off buying meta stocks or Uranium even more better off to use that capital to start a business so you can get more returns on taxes with the LLC
So in an Up Trend use: Top of Price and RSI for Reversal (Regular) Bottom of Price and RSI for Continuation (Hidden) Downtrend use: Bottom of Price and RSI for Reversal (Regular) Top of price and RSI for Continuation (Hidden) I think I've understood it?
Thanks for the forecast! 📊 I’ve got a question: 🤨 I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What should I do with this? 🤷♂️
I’m a buy and hold investor. I’ve gotten some good deals buying at a low RSI on daily charts. These were stocks I knew I already wanted to own or I already own them and purchased more. I didn't just buy some random stock because the RSI was low. The stock market as a whole has a tendency to go up over a long period of time so trying to short the market just because the RSI is up will get you in trouble. The trends are more sustained going long than short so personally I don’t usually like shorting blue chip stocks or ETFs.
Well, you're looking at 4 different types of RSI divergence: *Bullish Classic *Bearish Classic *Bullish Hidden *Bearish Hidden They were described in the video.
It's good to mention what software you are using because MT4 doesn't have this bands you are talking about or the background, I have only the levels and the period
Enjoyed the video. If I had one criticism, it would be that it is very easy to spot these patterns on a historical price chart, not so easy when you are trading at the right edge. I think it would be much more helpful when giving examples, to use the replay mode and advance the chart one bar at a time to give the viewer the feeling of live action. Thanks again for the great explanation.
Y'all are correct...it is more difficult for a newer trader to implement the strategies as it takes time to train your eye. That's why I wanted to add the breakout on the backend as the breakout is the market indicating it wants to move in the direction you think it might. Breakouts don't always work out, but they do have their benefits. You'll notice a few other breakout videos on the channel like this one: ua-cam.com/users/shortsgduRPDigdCo
I see it all the time when trading. I'm an RSI/Bollinger Band/15min. time frame technical trader. It takes awhile for it to click while trading. It's going to take a lot of time. Him showing it live is not going to help you realize it anymore faster. It's something you have to look for always when trading then one day You're goin to be able to read a whole chart in like 10seconds and know what it's doing.
@@jefe5492 I short when it hits top of the bank and RSI is over 75-80. On the 15min. Chart. It's golden. Once it finishes out of the top band it's coming back down but I go ahead sometimes and short it before it finishes if the Rsi is high. And I don't edit the Bollinger band I just use it how it comes.
I'm really new. But truthfully could not understand how to identify when RSI is in Divergence, or Hidden Divergence. Let me study this further. Thanks!
The biggest Alpha you need is Proper Knowledge.Even in a market where everything is pumping and people are making money, you'll still be making losses. Don't underrate Knowledge, Be Your Own Alpha.
No hate intended here, but, just will let you know, as you apparently don't know or don't pay attention to it - few of the hidden divergences presented in this video are actually not hidden divergences as RSI is by default calculated from CLOSE prices, not "extreme" prices levels of the candles, so when searching for any kind of divergence one should pay attention to the price levels as marked by the closing prices (the simplest solution to this is just to switch to a line chart and see where the closing prices actually are).
bro, this is a legit video. it helped me today. in trading. bro is there any combination of indicators with the divergence indicator which can help in entry and exit. like a trading strategy?
Thx! That's why I mentioned the breakout trade. Once you spot the potential divergence, if the market takes off in the direction you anticipate, the breakout trade will place you in the position. Other confirmation tools could be looking for bullish classic divergence near support, candlestick patterns that help confirm trend direction/reversal. Nothing is fool proof as everything I mention is simply learning to read the price action.
Possibly the best rsi divergence video on UA-cam! Your teaching style, explanations and examples are so easy to understand. Keep up the great work! Really appreciate it!
For salary earners having a passive source of income is the best thing you could have , because aside the the fact that it isn’t always enough you could lose your job any day at any time , have something to fall back to is crucial , for me it is trading the Forex and Crypto market and no I didn’t have that much knowledge to begin to earn that’s why I said passive income, I leave the profit making to the pro like my Advisor ' *Nolan Velden Brent* who has been doing a wonderful job.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
The Divergence Indicator is a free indicator on the TradingView charts. TradingView was the charting software used in the video. The explanation for how to load is at the 16:20 mark of the video.
How to use rsi for different time frames? In higher time frame no divergence and In shorter time frames having divergence... Will it work? Plz explain in detail
That's a good comment. The illustrations in the video are to show how it works. Implementing a strategy with success depends on many variables such as the market conditions, the skill level of the trader, and finding the right setups.
I have never heard anyone be able to explain ( well) how a one can distinguish between an Bearish divergence( Prices hitting new highs and RSI Lows) and a Hidden bullish Divergence ( new highs for price and new lows for RSI).Does anyone have tips?
@bybit so in short in classic divergence over is price action and RSI in opposite direction so i.e. if price is going down on the chart, I would expect RSI line to go up which shows a potential reversal. I can use higher highs for bullish to place a sell and higher lows for looking at placing a buy as the key indicator for this bit? now hidden divergence shows a continuation of trend so when we look at hidden divergence we want to see the RSI to meet a new high low the 70 or 30 range, this can indicate a continuation fo a trend. I do like the divergence indicator you showed and the idea of trend line
HELLO 👋👋 I'M NEW TO CRYPTO CURRENCY TRADING AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
awesome video and great explanation, just one question, how did your candle look so clean than the regular one, i try other candles but can not see the one like you!!!!
What exactly do you mean by the candle looking clean? The coloring of the candle body and wick are customizable and that might make it pop better. If you are referring to something else, please ask again.
@@bybitlearnofficial yeah, your candles look different than the regular one, but i just know that those are customize, looks neat. maybe can you make a video how to customize it 👀? thanks a lot.
I encoded these rules in Python and tested on a very large time series. 50% of convergence divergence signals, filtered by the zero line, were false. Which means by random chance trading signals are equally as effective. In other words, these rules do not describe real trading rules. Because they are the same as random chance.
Why is OHLC/4 source better than CLOSE? I'm very curious to know if you have any backtesting results. PS: Thank you very much for the information provided!
I have a comment on the video editing. There are many spots where something was obviously edited out, and I can see slight jerkings in the movements. That is distracting, disrupts information processing. What if you published unedited versions?
Dude, I watched the market for hours yesterday just to confirm this whole video and i was mind blown by how simple it was..
This is awesome Allen thanks for confirmation 👍💯
I want to learn before I burn money.
Bro if you have, position sizing (money management ),trade management......without this you going to loss lots....money
Good..... but the problem with this strategy is you never know which is liquidity raid and BOS if we identify currently then its is best strategyGood..... but the problem with this strategy is you never know which is liquidity raid and BOS if we identify currently then its is best strategy
What pairs where you using! because have watch several UA-cam tutorial videos about trading I am still making losses
The fact is that BTC symbolises the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal;
I've been thinking of going that
route, been holding a bunch of stocks that keeps
tanking and I don't know if to keep holding or just
dump them, think your coach could aid me with
portfolio-restructuring?
@Julie Banns Thank vou for sharing; I just
Googled his name and his website came up right
away. It looks interesting so far. I'm going to book a
call with him and let you know how it goes.
Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Katrina susan, she is my current trader and her strategies are working
I'm amazed you mentioned katrina susan, she is the best and her strategies works like magic. I've been making over 80% of my investment weekly since I started investing with her trading service
This is not the first time i am hearing of Katrina susan and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but i have no idea how to reach her
You can reach her through TE LE GRAM
You can reach her through TE LE
Every time the RSI in your example peaked, price action went back down. Which happens almost all the time. I'm still gonna use it the way you said not to. It's just as reliable as any other strategy
I sold a couple of homes in the Tampa area for pretty good cash and I'm thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it's a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I'd love to know how
look at it this way, while some folks are waiting to make minimal profits when stocks recover, some others folks already know where to look and what to do to make hefty gains in these times, so yea, it all boils down to knowledge to risk mltigation.
@@caroamira True, I was in dilemma myself due to this chaotic mrkt, wasn't sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red and the economy isn’t looking promising, but I began gaiinng clarity and have more confidence in my invt through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amt in fees for me to be able to net $650K in less than 8months like I did this year, I truly don't mind
@@logisticsdelivery Omg 650K this year? that’s neat, I was actually reading an articles this morning on Bloomberg about technquees to gain in this dip, but I’m just a noob so i don't understand most of it, who is this advlser that guides you, I’m having serious troubles with my portfolio
@@victorcardi2019 Susan Lorraine Curry is actuaIIy the one that guides me, she’s a hlghIy-sought out advlser, so I’m not certain she’s acceptlng new intakes, but you can give it a shot. It wouldn’t be proper to just Ieave her number Iying around, but she has a webpage you can look at if you googIe her name
@@logisticsdelivery I did check her out, I see why you said she's probably booked up, her creds/resumé is topnotch. I booked a consultation with her regardless
This might be the best lesson on how to actually use the RSI that I've seen all year.
Don't stop learning new things on this channel... Just the best place for every guy who wants to be a trader
This is quite possibly the clearest and best explanation of Classic RSI Divergence and Hidden RSI Divergence I have seen. Thank you so much!
Glad it was helpful!
take some adderall. thats all it takes. just make sure you spend the time trading and not jacking off to porn for 8hrs. edging the entire time finding the perfect video to bust. sure after hrs of edging. its gonna feel amazing when you bust... but the Adderall is for making money not busting loads." - Warren Buffett
@@bybitlearnofficial It's always nice to listen to an expert who makes money by recommending a broker rather than trading himself 🙂
@@bybitlearnofficialWhat's name of expert speaker
Great Video man, one question, is this method valid for smaller caps where there may be less hedge funds, banks, big finance companies, etc? I am not doing well, all my trades slaps me in the face.
Lol, slaps you in the face haha that's funny, Your problem could be that your stop loss is way too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.
Honestly I liked this comment because it made me laugh 😂but seriously in the end it comes down to experience, you can keep trying different things until you find the one that works or you can find someone to guide you.
What TF do you like to trade? Some guys love the 5 min while others think it's too unpredictable and prefer 4 hr or Daily. Whatever. So if it's the 1 hr. then you need to know what the next TF above it is doing (trending up or down in the near future: very important). Now draw a diagonal trend line...don't ask, figure it out, it's simple. Next, is it overbought or oversold? This is directly related to the trend line. This is when you buy or sell and the simplified version of what you need to work on asap or you're done.
What you need is enlightenment, read more books on the subject, Have you tried Bitcoin trading? Trading with the right strategy for example is all you need trust me.
@@donald.jacoby.94 How good is your Bitcoin trading strategy?
I came here to get an idea of how to trade utilizing A.I trading bots after hearing a guy on a podcast talk about the importance of A.I bots in trading and how he made $360,000 in 6 months from $50,000. This video has helped to clarify a few things for me, but I'm still puzzled, I'm a rookie, and I'm open to suggestions.
Investing in stocks is a good idea, a good trading system would allow you to spend many successful days.
I've been on both ends of the spectrum, invested on my own for about 3 years, did my own research and analysis before trading, things got pretty tough after the pandemic, just when I was looking for a Investment Advisor for Orientation, it's been over 2 years and I've grown a stagnant reserve from $80,000 to $700,000 in just 24 months.
@@TruckeeFam Interesting. I have a lump sum that does absolutely nothing to my bank account, I want to start something with that. You seem to be doing very well, how do you achieve this?
When "LISA ELLEN SHAW" is trading live there’s no BS or excuses. She wins the tràde you win. You take the loss I promise she’s taking one with you. Having her guide ME through a trade was the breakthrough I needed when it came to managing emotions while holding a position. She's a google-able person, so it shouldn't be hard to find her official webpage as she is prominent.
@@TruckeeFam She really seem to know her stuff, i saw her educational background and qualifications on her website after looking her up, I wrote her a message detailing my experience & goals, hopefully she responds soon. Thanks for sharing.
This is the best video ever watched on RSI. Divergence made simple so grateful
Very engaging. Tried many trading bot/indicator out there none works out well, can someone recommend any, my finance is draining by the management of wrong people
@Gaby34111 I'm surprised you know her too; i've been making a lot of profit investing with her for the past few months
Thank you for this video. Other than over bought or over sold at the extremes, I never fully grasped RSI. This cleared things up tremendously!
Very well explained. I watched pretty much all rsi videos on UA-cam and you're the only one to mention all the secrets in one video. Thank you
A lot of thanks. Frankly speaking, I am not good at English. But I tried to watch the video and well understand the content. It's of great value to me.
You need more people following you. Count me in, this information is amazing. Keep it up brother, you're greatly appreciated.
I cannot thank you enough for the specified details. Truly helpful.
depending on the market conditions.
RSI can be the best indicator
it can also be one of the worst as it can get stuck in over bought or oversold positions while the trend continues.
i like the concept of trade it when it comes back out of this area. It can still be dangerous.
With a strong uptrend. a pullback could trigger this exact situation and you get in just as it's ending.
Other confirmation is needed.
Personally i use the RSI on an over 50, under 50 mentality. and direction of RSI matters.
So if it's over 50 i'm leaning buy. but i don't want to see it coming down if i have a buy bias. i am looking for the reversal back on trend.
I also have it set to 24
Of note. i also set the MACD to 20 and 50. Those who know about trading will understand the importance of this particular X.
@@slowboycapital I have no idicators on my chart now. Just a few MAs. Volume.
This keep it simple approach has me batting over 90%.
@MPlain do you run a discord?
this info about trading is literally lifesaving!I hope many people changed their lives after it
This is such an amazing insight to RSI - thank you so much for the time you have put into making this... I would like to ask if Im reviwing a 5 min chart and find a divergence would I then go to the 1 min chart to execute the trade as an advantage or to the 15 min chart for an advantage?
Yea, try the 2 min as well on it
Great job. Clear messaging and a very important indicator that small investors will hopefully start using correctly.
Very good and clear expleination. You can be a very good teacher
I’m new in this world your videos are diamonds in the dirt.
Complete, clear, helpfull.
We need more videos pls!
Love the soldier-general narrative
Great video on Divergence trading and the Correct way to perceive and trade the RSI.
Thank you sir for sharing such great knowledge. I was using RSI with defaults and making assumptions on my own..
Really helpful, thanks
,
,
Best video on RSI I've seen (and I've watched a bunch). Thx.
Excellent stuff, my friend. You've just convinced me to dim the overbought/oversold lines. I'm still not confident enough to turn them off completely haha. It's like a security blanket.
Every beginner needs to be your sub. It helps a lot in this business)
The one thing I have found rigorously
backtesting RSI Divergence strategies with currency pairs, Crypto, Stock index futures, forex futures, metal futures, and energy futures …etc. You never know when the divergence is done. Hindsight is great, but put it on bar replay mode and tell me when you think it’s done? Plus false divergences occur 5-8 times per trend. This typically indicates pullbacks that could possibly be a counter trend trade, but many many fail completely. Also, real reversals may not show any divergence. Then it will give you false divergence in the opposite direction, because a new trend has begun.
I use RSI 120 and combine it with EMA 300 to play on TF 1M, and always set TP M110 pips, don't care about SL because 100% TP is certain just by paying attention to the RSI position below or above and entry based on candle movement against EMA 300.
bro nice job thx for the video i didnt see anyone to explain like you. the only confusing thing is i didnt get the point of why did you set the source as ohlc4 instead of close. i think the default one is the better.
Great explanation, the best of all I have seen until now. Thank you verte much.
Your discussion was very important for learning. I learned a lot of things that I didn't know before. It will definitely improve my trading strategy. Thank you very much.
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This guy knows what hes talking about. Best way to trade the rsi.
This vid take my trading strategies to new level. Thanks for sharing🎉🎉🎉🎉🎉🎉🎉🎉🎉
Fantastic!
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I would recommend you learn one simple strategy that works for you. Backtest . Do not let the media distract you with other indicators if one strategy works for you. If it isn’t broken why fix it. Unless you searching for the one that fits your style. On that you like.
- Utilize risk management. Put your savings in a trading account and start making another stream of income there. But risk management most importantly should be your main concern to master since you would have a nice amount of capital the market could try and eat away at… if you do not pick up trading as a scholar then don’t even put that money in there. Better off buying meta stocks or Uranium even more better off to use that capital to start a business so you can get more returns on taxes with the LLC
Thanks for making me take a nap watching your video.
thankyou for sharing it is very useful i am still learning in the Nusantara fx commmunity class
Great education..if you look at HON today I can see the RSI divergence..Higher Low
Best video on RSI, Thanks for the knowledge
So in an
Up Trend use:
Top of Price and RSI for Reversal (Regular)
Bottom of Price and RSI for Continuation (Hidden)
Downtrend use:
Bottom of Price and RSI for Reversal (Regular)
Top of price and RSI for Continuation (Hidden)
I think I've understood it?
Great video is there a particular time frame that is preferred for divergence trading?
Thanks for the forecast! 📊 I’ve got a question: 🤨 I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What should I do with this? 🤷♂️
thanks for sharing, I'm a beginner who joined the nfc community.
I’m a buy and hold investor. I’ve gotten some good deals buying at a low RSI on daily charts. These were stocks I knew I already wanted to own or I already own them and purchased more. I didn't just buy some random stock because the RSI was low. The stock market as a whole has a tendency to go up over a long period of time so trying to short the market just because the RSI is up will get you in trouble. The trends are more sustained going long than short so personally I don’t usually like shorting blue chip stocks or ETFs.
Thank you its valuable addition to knowledge in much simple way
Glad to help!
Great knowledge Sir about the RSI indicator....please please circulate on deeply secrets on RSI divergence all types
Well, you're looking at 4 different types of RSI divergence:
*Bullish Classic
*Bearish Classic
*Bullish Hidden
*Bearish Hidden
They were described in the video.
Well done, buddy! Great video lesson for every beginner trader👓
U need to use the stoch rsi with the mcad and rsi for divergence in my opinion for smaller time frames
If so, what would be the settings?
@@larrycox6614 just normal setting my advice bro is back test to get a feel how it works
It's good to mention what software you are using because MT4 doesn't have this bands you are talking about or the background, I have only the levels and the period
Enjoyed the video. If I had one criticism, it would be that it is very easy to spot these patterns on a historical price chart, not so easy when you are trading at the right edge. I think it would be much more helpful when giving examples, to use the replay mode and advance the chart one bar at a time to give the viewer the feeling of live action. Thanks again for the great explanation.
yeah its great comment 100% its x2 harder live, but still overall video is nice i was looking at rsi a bit wrong i see
Y'all are correct...it is more difficult for a newer trader to implement the strategies as it takes time to train your eye. That's why I wanted to add the breakout on the backend as the breakout is the market indicating it wants to move in the direction you think it might. Breakouts don't always work out, but they do have their benefits. You'll notice a few other breakout videos on the channel like this one: ua-cam.com/users/shortsgduRPDigdCo
I see it all the time when trading. I'm an RSI/Bollinger Band/15min. time frame technical trader. It takes awhile for it to click while trading. It's going to take a lot of time. Him showing it live is not going to help you realize it anymore faster. It's something you have to look for always when trading then one day You're goin to be able to read a whole chart in like 10seconds and know what it's doing.
@@jefe5492 I short when it hits top of the bank and RSI is over 75-80. On the 15min. Chart. It's golden. Once it finishes out of the top band it's coming back down but I go ahead sometimes and short it before it finishes if the Rsi is high. And I don't edit the Bollinger band I just use it how it comes.
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Thats pretty good. I will make some new studies about it. Thanks!
I'm really new. But truthfully could not understand how to identify when RSI is in Divergence, or Hidden Divergence. Let me study this further. Thanks!
Good job!! I've been using divergence since 1994!
Hi Sir, which Timeframe you suggest for this strategy?
very helpful, but when I click open RSI panel, there ain't much to choose from, does it mean I have to pay for those features?
Did you found out why it was like that?
Beautiful Value Added Video on RSI, Thanks a million
FOR FREE?! THIS IS GOLD INFORMATION!
We thank you!
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No hate intended here, but, just will let you know, as you apparently don't know or don't pay attention to it - few of the hidden divergences presented in this video are actually not hidden divergences as RSI is by default calculated from CLOSE prices, not "extreme" prices levels of the candles, so when searching for any kind of divergence one should pay attention to the price levels as marked by the closing prices (the simplest solution to this is just to switch to a line chart and see where the closing prices actually are).
My strategy is that anything above 70 is solid.
Keep on direction
Very clear and calm explanation. No ego involved. You're a great teacher!
Powerful knowledge 💥🎯thank you so much 🙏👍
bro, this is a legit video. it helped me today. in trading. bro is there any combination of indicators with the divergence indicator which can help in entry and exit. like a trading strategy?
Thx! That's why I mentioned the breakout trade. Once you spot the potential divergence, if the market takes off in the direction you anticipate, the breakout trade will place you in the position. Other confirmation tools could be looking for bullish classic divergence near support, candlestick patterns that help confirm trend direction/reversal. Nothing is fool proof as everything I mention is simply learning to read the price action.
Absolutely perfect video. Thank you so much!!
Which configuration for RSI? any suggestion pls
Fascinating but I'm having trouble finding some examples of this on my own.
This tricks with MACD really impressive! I didn't know about it😃
Possibly the best rsi divergence video on UA-cam! Your teaching style, explanations and examples are so easy to understand. Keep up the great work! Really appreciate it!
Thank you so much! I appreciate your generous comments.
For salary earners having a passive source of income is the best thing you could have , because aside the the fact that it isn’t always enough you could lose your job any day at any time , have something to fall back to is crucial , for me it is trading the Forex and Crypto market and no I didn’t have that much knowledge to begin to earn that’s why I said passive income, I leave the profit making to the pro like my Advisor ' *Nolan Velden Brent* who has been doing a wonderful job.
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I subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your adviser
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You mentioned using "Divergence Indicator";
Please how can I get it , and how may I install it on my Chart?
The Divergence Indicator is a free indicator on the TradingView charts. TradingView was the charting software used in the video. The explanation for how to load is at the 16:20 mark of the video.
This is the best RSI video I have seen. Great content bro. Thanx for sharing
thanks for this, a very very very good explanation
How to use rsi for different time frames? In higher time frame no divergence and In shorter time frames having divergence... Will it work? Plz explain in detail
YES i do agree the best explanation i have seen you are good
Thank you for the kind words.
Can you use it for a vwap and a 2nd confluence?
Its easy to show it with full chart , show how its works and how you take positions with back testing , and you work
That's a good comment. The illustrations in the video are to show how it works. Implementing a strategy with success depends on many variables such as the market conditions, the skill level of the trader, and finding the right setups.
Wow, this is funny, but how do you decide which 2 dots to connect? You can always find hidden bullish and bearish divergence in the same time
send my love vibes to Michaelthanks for all your work🎄
This is so difficult to understand, great video, but as a beginner its difficult to grasp this concept
what is the best for the beginners:binary options or just regular trading?
Subscribed - excellent video, keep it up
Thanks, you are appreciated!
Thank you very much for the best explanation ever
You are welcome....glad you liked it!
Excellent Explanation of Divergence! I also use this technique. ✌😎
Excellent! Feel free to share how you use it and on what time frames for the community.
Is this technique applicable for Stock as well? Or just for crypto? Thanks. Really enjoy for video.
These techniques can be applied to stock, forex, and crypto. Glad you enjoyed it!
@@bybitlearnofficial Thank you very much.
Amazing explanation, bro. Ty
I have never heard anyone be able to explain ( well) how a one can distinguish between an Bearish divergence( Prices hitting new highs and RSI Lows) and a Hidden bullish Divergence ( new highs for price and new lows for RSI).Does anyone have tips?
@bybit so in short in classic divergence over is price action and RSI in opposite direction so i.e. if price is going down on the chart, I would expect RSI line to go up which shows a potential reversal. I can use higher highs for bullish to place a sell and higher lows for looking at placing a buy as the key indicator for this bit?
now hidden divergence shows a continuation of trend so when we look at hidden divergence we want to see the RSI to meet a new high low the 70 or 30 range, this can indicate a continuation fo a trend. I do like the divergence indicator you showed and the idea of trend line
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awesome video and great explanation, just one question, how did your candle look so clean than the regular one, i try other candles but can not see the one like you!!!!
What exactly do you mean by the candle looking clean? The coloring of the candle body and wick are customizable and that might make it pop better. If you are referring to something else, please ask again.
@@bybitlearnofficial yeah, your candles look different than the regular one, but i just know that those are customize, looks neat. maybe can you make a video how to customize it 👀? thanks a lot.
I don't know why this channel got less views
Best explanation
Thank you for those kind words. Help promote the channel by sharing, liking, and subscribing.
@@bybitlearnofficial I'll do share with the relevant resource, people doing such acknowledging videos don't need to say this
I encoded these rules in Python and tested on a very large time series. 50% of convergence divergence signals, filtered by the zero line, were false. Which means by random chance trading signals are equally as effective. In other words, these rules do not describe real trading rules. Because they are the same as random chance.
Why is OHLC/4 source better than CLOSE? I'm very curious to know if you have any backtesting results. PS: Thank you very much for the information provided!
Nice! I like it how you explain it 👌
Hi,. Were you using Trading view or bybit platform in this video ? Thank you !
Great video. I learned a lot.
I have a comment on the video editing. There are many spots where something was obviously edited out, and I can see slight jerkings in the movements. That is distracting, disrupts information processing. What if you published unedited versions?
Some of those edits where pauses in speaking...thank you for the feedback and I'll look to make more smoothly produced videos on the next ones.