Oct 19 2018 at 05:38
Have to use price as well. Using technical alone is madness according to normal theory. But if it works for you I would like to know more...
Oct 22 2018 at 05:51
I think, you meant trading chart? Isn’t ?? Yes, analyzing on trading chart is very much important; even I think it’s more important than any other technical tool.
Oct 22 2018 at 13:53
Has anyone used RSI combined with stochastic? These two oscilators seem like they would work well together
Oct 23 2018 at 06:27
Dambovita posted:
Has anyone used RSI combined with stochastic? These two oscilators seem like they would work well together
From my experience I can say one thing using multiple indicator will not improve your trading strategy but it will only complicate things. You can use single indicator on different timeframe or period to define long, medium or short term trend to develop your strategy. Using multiple indicator you only overoptimize your strategy and overoptimize strategy only perform in backtest but fail in live trading.
The market will trade through it’s path of least resistance .
Nov 11 2018 at 08:21
LongVision posted:Dambovita posted:
Has anyone used RSI combined with stochastic? These two oscilators seem like they would work well together
From my experience I can say one thing using multiple indicator will not improve your trading strategy but it will only complicate things. You can use single indicator on different timeframe or period to define long, medium or short term trend to develop your strategy. Using multiple indicator you only overoptimize your strategy and overoptimize strategy only perform in backtest but fail in live trading.
Agree with you! Because, I have also similar experience as like your statement! This is why now my major is price action trading.
Nov 15 2018 at 14:38
Price action when the RSI(14) is >70 or < 30 is significant . I find RSI very useful to find zones when the market is at an extreme and price action can be very powerful. Just a thought
Nov 15 2018 at 14:38
Having said that, I find that trade entry is the least part of a consistently profitable strategy and plan.
Nov 16 2018 at 07:38
terry750nz posted:
Price action when the RSI(14) is >70 or < 30 is significant . I find RSI very useful to find zones when the market is at an extreme and price action can be very powerful. Just a thought
Hi
That does not work only create confusion. Range within 30 and 70 is where small price changes makes RSI larger swings. I use real time RSI range for momentum analysis. Take a look my charts you will see how it’s working. This is my own design.
cheers,
Jim
jimmy@
Nov 16 2018 at 14:08
Hi,
Looks interesting. Good for you, but still miss my point- entry is the least important part of success IMHO. Once I got passed that barrier, consistency came. Anything with an edge will work when the rest of the plan is in place. I hope your trading goes well.
Terry
Looks interesting. Good for you, but still miss my point- entry is the least important part of success IMHO. Once I got passed that barrier, consistency came. Anything with an edge will work when the rest of the plan is in place. I hope your trading goes well.
Terry
Nov 18 2018 at 07:26
Hi,
hahaha what is your point? you did not present any point. please stop that nonsense with 30/70 level. this discussion is about RSI and not about entry/exit points. my charts is not showing only RSI in my technique, but a lot more. but I guess you are missing a point.
At this point I will stop any discussion with you.
cheers,
Jim
hahaha what is your point? you did not present any point. please stop that nonsense with 30/70 level. this discussion is about RSI and not about entry/exit points. my charts is not showing only RSI in my technique, but a lot more. but I guess you are missing a point.
At this point I will stop any discussion with you.
cheers,
Jim
jimmy@
