i have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
Thanks for this Etienne. I'll test this out too. I've always used the RSI as the opposite to this video so this sounds like fun to test out! Also, what are the tiny triangles on some of the candles? have a great day!
do S&R and draw all lines of all timeframes until u get to your trading timeframe... do price action and just go with the volume. no impulse entries, just entries after confirmation... u will get profitable, point.
Some great traders also use them. It would be like asking a surgeon not to use tools to measure heart rate because they're "lagging". Indicators are a great way to measure the market objectively... as long as you don't use too many.
Yes the principles would be the same. For stocks, you might want to take only the trades on a high volume. And with crypto you could be less picky, I think.
A while ago I actually coded a very similar strategy to this in TradingView that is available to public called "Relative Volume & RSI Pop". The concept is also to open a position once a key RSI level is broken but as long as it is also broken with stronger than normal volume coming in. I built it targeting stock making breakout moves but I guess it would work on any instrument that is prone to breakouts.
i have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
Awesome strategy, Etienne! Thanks so much, boss! Its always a great pleasure seeing your videos... Keep up the great spirit.
Much appreciated :)
Anyone trading this method should be more cautious if the RSI has a negative divergence ! Overall, this is a good strategy
Good point!
Thanks for sharing, I'll definitely try it 🥰
Keep me posted on how it goes :)
Great explanation.
I'm glad to hear that!
very cool. definitely gonna try it
Great
Love easy little setups like these.
I'm glad to hear that :)
hEY Etienne this is a very great video. Thanks for sharing.
Glad it was helpful!
Definitely be Backtesting, Forward testing this week, Thank you
Very interesting. I'll definitely backtest this.
Wow!! Super duper simple!! Which pairs do you trade this strategy with the most?
Are you talking about program trading? Buying late in the trade and selling/shorting late on the down side.
Thank you, what are your RSI settings? Are they the standard?
TY very interesting for a beginner like me.
Glad it was helpful!
Thanks for this Etienne. I'll test this out too. I've always used the RSI as the opposite to this video so this sounds like fun to test out! Also, what are the tiny triangles on some of the candles? have a great day!
Definitely keep me posted on your tests! The triangles are my reversal setups coded into TradingView.
Does these strategy work for xau/usd or not...
thanks really good !
Glad you liked it!
This strategy Not working for 8 months now
It's working well on multiple pairs.
do S&R and draw all lines of all timeframes until u get to your trading timeframe... do price action and just go with the volume. no impulse entries, just entries after confirmation... u will get profitable, point.
Very interesting, thanks!
Chiang mai?
Yes exactly :)
Thank you
I hope that was useful!
0:08 Where is it?
Thaïland, cambodgia? Else?
Chiang Mai in Thailand
Great video.
Great video, do you have a limit for the width of the range?
Not really, as long as the range is clear. I'll just trade it on a larger timeframe if it's too big.
the best traders dont use indicators for signals
Some great traders also use them. It would be like asking a surgeon not to use tools to measure heart rate because they're "lagging". Indicators are a great way to measure the market objectively... as long as you don't use too many.
0:18 Could it be used on any other markets (i.e. stocks, cryptos)?
Yes the principles would be the same. For stocks, you might want to take only the trades on a high volume. And with crypto you could be less picky, I think.
@@DesireToTRADE what about indices?
What parameters are on the RSI indicator you use?
The basic ones (14 period, limits of 70 and 30)
Thanks
Thanks E great strategy
Glad to know you liked it, Bruce!
A while ago I actually coded a very similar strategy to this in TradingView that is available to public called "Relative Volume & RSI Pop". The concept is also to open a position once a key RSI level is broken but as long as it is also broken with stronger than normal volume coming in. I built it targeting stock making breakout moves but I guess it would work on any instrument that is prone to breakouts.
thanks for sharing
hi Mate
any recommendations how to back testing it. I really liked it.
I appreciated your help.
regards
JP