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Day Trading  RSI Rollercoasterwww.bkforexadvisors.com
RSI Rollercoaster Recipe          1 hour chart   RSI standard setting of 14Let RSI drop 30 or rise above 70
RR Long Trade  RSI closes <30       Then    Closes > 30Go Long at marketstop @ 50 target 33
RR Short Trade  RSI closes > 70       Then    Closes < 70Go Short at marketstop @ 50 target 33
RSI Rollercostaaaahhhhhh …..
That’s The Standard RSI Set Up
But You Can Be a Bit More Nuanced
You Don’t Need to Wait Until <70You Can Trade The Change in Delta               i.e.            RSI =71         Then RSI =...
Questions
Questions
One Key Thing to Remember     Examples are for GBP/USDBut Different Pairs Have Different Vol.  My Suggestion for Stops/Lim...
Questions               Last Thing to RememberRSI Rollercoaster Will Fail Miserably in Strong Trending                    ...
So Its Best To Trade PortfolioApproach To Dampen Drawdown          GBP/USD          EUR/USD          AUD/USD          USD/...
Rsi explained
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Rsi explained

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Rsi explained

  1. 1. Day Trading RSI Rollercoasterwww.bkforexadvisors.com
  2. 2. RSI Rollercoaster Recipe 1 hour chart RSI standard setting of 14Let RSI drop 30 or rise above 70
  3. 3. RR Long Trade RSI closes <30 Then Closes > 30Go Long at marketstop @ 50 target 33
  4. 4. RR Short Trade RSI closes > 70 Then Closes < 70Go Short at marketstop @ 50 target 33
  5. 5. RSI Rollercostaaaahhhhhh …..
  6. 6. That’s The Standard RSI Set Up
  7. 7. But You Can Be a Bit More Nuanced
  8. 8. You Don’t Need to Wait Until <70You Can Trade The Change in Delta i.e. RSI =71 Then RSI =75 Then RSI =73 (GO Short Here!)
  9. 9. Questions
  10. 10. Questions
  11. 11. One Key Thing to Remember Examples are for GBP/USDBut Different Pairs Have Different Vol. My Suggestion for Stops/Limits GBP/USD = 50/33 EUR/USD = 40/25 AUD/USD = 40/25 USD/JPY = 30/20
  12. 12. Questions Last Thing to RememberRSI Rollercoaster Will Fail Miserably in Strong Trending Market
  13. 13. So Its Best To Trade PortfolioApproach To Dampen Drawdown GBP/USD EUR/USD AUD/USD USD/JPY

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