RSI Indicator Scandal!
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- Опубліковано 17 кві 2024
- RSI trading strategy. Get my Cycle Indicator at: www.EntryIndicator.com
RSI indicator divergence trading strategy for day trading and swing trading options, crypto, stocks and stock market, futures, eminis and Forex on TradingView, MT4, MT5, thinkorswim, telegram, discord, webull, reddit, robinhood and other technical analysis charting platforms.
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RISK DISCLAIMER:
The information contained on this video is for informational and educational purposes only. We are not registered as a securities broker-dealer or as investment advisers, either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Trading and investing involves substantial risk. Financial loss, even above the amount invested, is possible. Seek the services of a competent professional person before investing or trading with money.
The information contained on this video, is not provided to any particular individual with a view toward their individual circumstances and nothing in this video should be construed as investment or trading advice. Each individual should assume that all information contained on this site is not trustworthy unless verified by their own independent research.
Any statements and/or examples of earnings or income, including hypothetical or simulated performance results, are solely for illustrative purposes and are not to be considered as average earnings. Prior successes and past performance with regards to earnings and income are not an indication of potential future success or performance.
You should never trade with money you cannot afford to lose. The information in this video is in no way a solicitation of any order to buy or sell. The author and publisher assume no responsibility for your trading results.
This information is provided \"AS IS,\" without any implied or express warranty as to its performance or to the results that may be obtained by using the information.
Factual statements in this site are made as of the date the information was created and are subject to change without notice.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. - Навчання та стиль
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BE CAREFUL OF COMMENTS BELOW! Scammers are getting much worse!! They are using my name and logo in comments to trick you. DO NOT EVER send money to someone from the comments, DMs, discord, telegram, or WhatApp. Long comment threads of "people" (bots) giving names of people making them lots of money are FAKE! 😡
In UPTRENDS a 14 period RSI will operate in the 40-90% range - 40% level being support area, in DOWNTRENDS it will operate in 20-60% range - 60% level being the ceiling/resistance level - look for higher highs/lows and lower highs/lows etc to define the trend you are in and wait for turns in the RSI at the levels that compliment your assumed trend
Topdogtrading is always putting out top content. Thank you sir.
I'm glad you enjoy the content!
I DISCOVERED YOUR VIDEO SITE TODAY....WOW, I have my work cut out for me...Thanks for these.
You got this!
@@TopDogTrading I need to qualify a statement I made to you. I said I am a master in price action. Well, yea relative to the average trader in the usa...Who are the true masters? There are Japanese traders having studied candlesticks for 50 years. None of us Westerners will ever reach their level...They are the true Masters.
Thanks Dr Barry Burns.dominant energy is vital thing to look for
the ma line i suppose is ema34.
oversold overbought is a myth.
=price is free and not bounded
=indicator is bounded by mathematical limits of zero and 100.
price is doing what?
making lower high lower low
strength is bearish
we need to sell. not buy
strength down weakness up
price can make lower high lower low
thanks for the new dimension outlook
if weakness is up we cant buy
Great summary! Impressive!!!
Always learn something new from Barry. His teaching is very clear and interesting. Once I have completed watching, I already have a new idea. Look for price below SMA50, RSI coming up from level30, draw an upward trendline underneath the price, sell entry as soon as the trendline is broken. Something worth testing!
I like it, definitely worth testing!
Great content and right to the point in easy to learn terms. Appreciate you TopDog
Keeping it simple and informative is the name of the game. Glad you're enjoying the TopDog style!
Thanks Barry, Never looked at it that way! Looked at several charts applying it the way you said. I'll be dog! Thanks Barry
You're more than welcome. It's amazing how a fresh perspective can completely change the way we see things!
Thanks Coach! Please continue pumping out your Tod Dog Content! Great stuff.
Thank you for the kind words! Your support means a lot and keeps me motivated.
thank you sir for the dominant energy of the market.
My pleasure
Thank you, Dr. Burns. This is excellent!
You're very welcome!
Thanks, Barry. That's a very different explanation than the one I received before I started using RSI. The original explanation didn't help, your does.
Great to hear!
Thank you again for such clear insights. Indicators are always correct. they are just math. The secret sauce is how you read them. If you have been taught wrong....
Well said!
Not a big fan of R.S.I Baz...it doesn't take into account the smart money lurking around key support and resistance levels to trigger retail traders in and out of trades to steal their liquidity.
That’s a very valid point
I recall years ago, you did a video with the CCI...teaching the same concept.
It's always great to revisit important concepts and see how they still hold up over time.
Quote: "Always and Only Trade in the Direction of the Dominant Energy of the Market"
Not true, if you are trading counter trends. I do this a lot and is very profitable.
I am not useing RSI to my algo trading, BUT
You may also use RSI to move your STOP.
If RSI < 50: Move LONG STOP to Low of bar
If RSI > 50: Move SHORT STOP to High of bar
It is backtested for a long period of time and it works.
It's great to hear that you've found a profitable strategy that works for you!
i missed this :(
More to come!