Learn how to trade reversals using the rsi indicator2. New Video Tutorial
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3. Measuring Divergence - RSI Indictor
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Received Several Questions
This Article Will Outline The Steps
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4. Adjust RSI Indicator
Time Period Must Be Adjusted
Change From 14 Days To 10 Days
Day Traders Switch From 14 Bars To 10 Bars
Originally Developed For Commodities
Applies Equally Well To Stocks
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5. The 50 Day Low Is Minimum
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6. Monitor For Up To 4 Weeks
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7. Wait 5 Days Maximum
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8. Your Entry Is A Stop Order
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10. If You Trade Futures or Large Positions
Take 50% Profit = 3 * Risk Level
Take 50% Profit = 4 * Risk Level
Profit To Risk Level Minimum 3 to 1
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11. Things To Keep In Mind
Change Time Period From 14 To 10
First Swing High Must Be Above 80 For Short Side
Applies To Stocks, ETF’s, Futures, Commodities
Does Not Apply To Options
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12. Thanks For Watching
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