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Re: RSI

Posted: Fri Mar 24, 2023 7:18 pm
by Chickenspicy
the only reversal indicator i would use

Re: RSI

Posted: Sat Mar 25, 2023 12:07 pm
by Chickenspicy
Chickenspicy wrote: Fri Mar 24, 2023 5:29 pm Speculative trade on nasdaq
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🙂speculation correct

Re: RSI

Posted: Sat Mar 25, 2023 12:33 pm
by Chickenspicy
within every timeframe there is a correction similar to stock corrections
either up or down depending on trend
this is the idea of price action :thumbup:

which makes alot of use for fractals

Re: RSI

Posted: Sat Mar 25, 2023 1:32 pm
by Chickenspicy
examples

Re: RSI

Posted: Sat Mar 25, 2023 2:06 pm
by Chickenspicy
if you really want to make longshots mark 4hr support and resistance with daily rsi
less opportunities but thats okay
remember to use open price

this will translate well into the 1m- 5m-15m :) :thumbup:
this is stuff only shown in courses

hope this blesses you and that you dont have to worry about trading destroying your life like it has many :hug:

Re: RSI

Posted: Sat Mar 25, 2023 3:17 pm
by Chickenspicy
market structure is king :Fire:

orderflow is decentralized and derivative
fundamentals are mixed, delayed, or sentiment overlaps

Re: RSI

Posted: Sat Mar 25, 2023 6:18 pm
by Chickenspicy
this might help
nrp zz

Re: RSI

Posted: Sat Mar 25, 2023 10:44 pm
by Chickenspicy
without the beautiful step rsi this does not work
with patience you can succeed with this

Re: RSI

Posted: Sun Mar 26, 2023 2:48 pm
by Chickenspicy
....

Re: RSI

Posted: Sun Mar 26, 2023 4:59 pm
by Chickenspicy
i personally do not find trendlines or support and resistance to be helpful over long periods
i do recognize accumulation phases with fractals on the higher timeframe for breakout opportunities
we never know if price will pull back to a trendline or level and bounce off