Top 3 Ways To Use The RSI Indicator (Not What You Think)
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- Опубликовано: 30 май 2024
- SMB Workshop: tinyurl.com/2zfbh5uw
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SMB Workshop: tinyurl.com/2zfbh5uw
What do u teach in your workshops or purpose it to do marketing for their paid courses?
Stocks extended their year-to-date rally following the CPI report, with the S&P 500 last up 0.8% in afternoon trading. but I don't know if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k.
It's really hard to beat the market as a mere investor. It's just better if you invest with the help of a professional understands the market dynamics better.
Picking stocks is a risky thing to do, particularly for non-professionals. I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $38k every month so I’ve been sticking to investing via an Advisor.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
LINDA PEREZ LEWIS
That’s my licesed Financial advisor you can easily look her up, Thank me later!
Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up phone call.
I watched hundreds of videos about RSI - THIS IS THE ONLY RSI VIDEO completely changed my overall view of RSI - THANK you for sharing this awesome info !
Exactly!! 💯🎯
Exactly 💯🎯
ABSOLUTELY!!! Man these guys are the real deal!
Opinions on the market diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?.
In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about this seventh time. Still showing us why pointers from market experts are essential.
true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Her name is “Vivian Carol Gioia” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
The best way to trade the RSI is to put a 20 period sma overlay on the RSI. Your buying when it's above the 20 sma and selling when it below the 20. It's great for exits letting you get everything out of a move with not much draw down when it moves against your position.
I use a 14ema and the 50 line over higher time frames will set my bias.
Whenever someone says "this is the best way" to do anything, the natural question is "how do you know?"
In trading, objective analysis beats subjective every day of the week.
On which tf.?
That's what I started doing this year!!! now I'm a profitable options trader
@@manciamusic what is your strategy? can you share please
I've read alot of RSI and watched many videos. This is the single most important video I've watched on the topic. The penny has really dropped. I can't wait to get on charts and try this method. Thanks for sharing!
It was great to see a professional's take on rsi from both Garrett and Jeff. For me personally i do use the default settings so that more potential opportunities arise and im at least paying attention to price action in overbought or oversold conditions. On top of multiple time frames, I also combine volume, momentum and price action to help me better confirm the right side of the v. Because i trade high beta though im also looking for additional confirmations in future charts or spy / qqq. One last thing that helps my better trades is spotting bullish or bearish divergences using rsi. Where i have a tough time though using this tool is on trend days but trying to work through that. This video was right up my alley. Big thanks SMB, as always!
on trend days..looking intra day esp.. just over 50 under 50..relative strengh. over 50 on a uptrend GOODD. does not mean we have to pull back, vis vera to the down side. hope that helps and i am NOT a professional but i think hearing things give people ideas etc. cheers
@@justinbridgez I appreciate the feedback. One of the things that helps keep me grounded is the macro news and economic calendar. Being aware of this at least gives me some idea on what potential news could possibly cause the market to trend one way or the other. Especially if we break out of a range and rsi isn't helping me identify reversals unlike if we were rangebound.
@@mikeanis8554 look for trapped volume or out of balance markets for potential trend days.
“Big movements take time to develop”
This style video with questions being asked and explanations from other traders is really helpful. Thank you
I freaking LOVE Garretts energy and vibe, he feels like a really good dude!
Very detailed video on RSI. Thank you SMB for this video🙏
Thanks a lot guys. I have been struggling using the RSI
11:52
Well informative video. I love the insight you provided on taking the trade the moment you see the set up. I was always concerned myself whether I wait for the day to close.
Great video. Thank you for making it simple to understand. I also appreciate that you give credit to Brian Shannon for the “level of interest” using VWAP
awesome video and thank you for sharing. have been consuming your videos for the past weeks and have learned so much more than all the other books and videos. Please continue to share great contents like this, and i will work on getting better everyday by implementing what i learn from you guys.
Watched this two days ago and it saved me today plus a few nice shorts. I've learned a ton from your vids. Thanks
The best videos in the industry right here. Bar none.
It took me two years to figure out how to really use the RSI. Every video I ever found about it didn’t dig deep because the RUclipsrs didn’t really know. I wish you guys made this video 2 years ago. At least the new people won’t have to figure it out on their own
This was a good explanation of how to execute RSI. TY
I absolutely love watching your videos. You all have such a great connection and teach so well. Still blows my mind this is free content.
Always amazed when I hear indicators don't work, properly defining/understanding there use is how they work. Important to understand there failings and how to sort those out. There are more great ways to use the rsi indicator for trades. Thanks for sharing .. overbought and oversold can last the entire time your on the sidelines watching for a turn.
The information you just shared is priceless! I get it now, I must practice this technique. I'm also at the macd to go along with my volume indicator to use all three confluences to see how this works!
You guys are absolute legends! Keep up the awesome videos
This is a fantastic video. Thank you for taking the time to provide some of your knowledge and expertise!
Simply using different lengths has the same effect as checking the different timeframes. If you apply a length of 10 to the one hour chart, a length of 20 is the same line on the 30 minute chart. It's math, so that's a fairly simple approach you can use to save time.
Finally some decent content, some SMB stuff just isn’t great but , C’est la vie !
Great video SMB, thank you! for the detailed breakdown. We’re talking numbers, we’re talking real actionable, trades here. I’m wondering, what do you guys think about RSI moving average crossovers? For indexes or futures etc.
Please make sure you put Garrett into thumbnail, and I will always watch
Thanks for your helpful explanations and clarifying, with a recent example, how the RSI does not work.
I love it whenever Garrett and Jeff do a video together. Thanks guys
Very informative video. I don't think I ever heard anyone explaining it this way. Do you look at price divergence with the RSI as another probable signal?
Great video!! Especially explaining the entry points. This helped alot
noticed the same return to the 50 on the RSI for strong trending stocks as well
Thank you guys...I LEARN something new about RSI😉
On EJH, also, the candlestick itself (was adding to the confirmation of potential oversold), namely, the candlestick was a doji/hammer...which when seeing at the end of a downtrend, gives a strong likelihood of an impending reversal.
Brlliant video. Incredibly knowledgeable and easily usable.
Love the videos ! that revert to the rsi midline are you taking that into the end of the day risking overnight exposure ? 23:34
When looking at RSI on lower time frames such as 1,5,15min 1hr do you include premarket trading? Because i know RSI can read differently with or without premarket showing on chart. Thanks!
Top-notch video, thanks SMB!
Very interesting , I like that settings 20/80 and the MTF factor
5 minutes?
Love this Vid. The best content
Love this conversation guys!
This was ok explanation for a beginner, I'd say this best suited for an intermediate trader.
Has anyone else noticed that it seems like Jeff and Garrett are constantly on the verge of laughing but keeping an almost straight face? 😂
(probably because filming these types of videos is a funny and maybe awkward experience)
Very Educative programs helps me a lot in my trading career ..
Great content! Thank you
CDIO was a great trade for me too. In at 0.41then trimmed 25% at 0.63, then 25% at 0.81 and a trailing stop of 12% which was 1 ATR that triggered at $1.25 for the last 50% of my shares. 2.41x profit at the end of the trade
@@borntodoit8744 All I care about is what makes sense to me. Trading is different for everyone. I use 0 indicators except for a moving average for direction and ATR for stop loss/trailing stop sometimes. By not using indicators I have lost less money and made more money. All I can speak for is myself though after almost 4 years. Once you focus on your setups and develop a system that makes sense to you and your personality then you'll make a profit. No one will coddle you in this field and hold your hand. If this is your mindset then I suggest investing in broad market index funds and finding another hobby. Your bank account and sanity will thank you for it 🙂
Thanks fellas. This was helpful.
You can also use it for bearish/ bullish divergence. I was expecting them to talk about it
Thank you for the knowledge 😊❤
Excellent coverage
Guys great video as always! One question I've been looking to ask you for a long long time: I see that none of you have the premarket data on on your charts, do you use this data at all? Maybe to scan the premarket action?
Also helps identify the peripheral edge of price, so to speak.
You need a way to stop being a piggy in the middle, this tool may help. Remember in trends this doesn't oscillate equally.
Thank you SMB
Thanks
Leveraging the RSI as a filtering tool is a clever strategy, providing a succinct snapshot of the strength or weakness of stocks. When you integrate the directional movement of the overall market, it becomes a potent combination, adding another layer of power to your analysis.
best video more like this plz
As always great video from SMB. I like scalping with a one minute candle. Should I use the 5 or 15 minute candle to compare the RSI results? Using the RSI scan on Think or Swim, what is the best time frame for scalping?
20 to 80
thanks very much as always.
Great video thanks
Fantastic video!!
Cleverly explained. Thanks
Excelent video.
I'm surprised you didn't make any reference to the default 14 period by default and what's the result when this is modified.
Also, there is no reference to divergences with price.
Thanks for sharing 👍👍
Are the core principles of this strategy still applicable for long term strategies or is RSI used differently with wider time frames?
How do you get the RSI color change, I am into using the RSI and I can see the value of the color signal.
Great video.
There was a huge divergence play on that QQQ chart too. Just saying...
I like the ideas in here but when i build some strategy testing in trading view and backtest, they dont show much more than 1-1.5 profit factor on hourly or daily charts
Does this means it more built for 1 min charts or maybe the ideas aren’t consistently that profitable?
Hello, which of Lance's videos is he referring to as "Right side of the V"?
Waiting for the turn, "signal"
Great video ❤
Very informative. Thank you Gentlemen.
Question. Would you use pre market action to help you with open position or, do you agree with many who discount pre citing, it is too "manipulated". Thanks for your time.
i know you asked them, but open postions? like already open? and im assuming stock? if futures i could see maybe but again you asked them not me..but i would lean tords with the "many". pre shouldnt have that big of an impact on your trade where you would need it..i would think. pre and post is only so long and light volume.
not necessarily open positions. Looking entry wondering if taking a cross on vwap into 930am would be good entry.@@justinbridgez
Interesting use of RSI re pullbacks. Thought you would have mentioned looking at divergence of RSI to price action as there were a couple of these on Q's. Also, try changing the RSI period to '50' .. this gives a good approximation of bull/bear pressure i.e if RSI is above zero, then likely to continue bullish and vice versa for bearish.
Unless you want to catch the small swings. A smaller RSI works better. 50 is great for a big swing trader, but useless for a day trader.
@@n7ekg very good point, would you go lower than 14 periods?
Thanks a lot
Question: Why does the RSI fluctuate/move a lot more throughout the ranges verses more slower movements in the RSI? I think I heard it's bad when the RSI fluctuates too fast? What is the cause?
Thanks for sharing.
As a beginner trader, I look forward to videos involving Garret as they are more intuitive for my understanding
The fractals and the quants agree with you
RSI changed my life forever!!!! Now im profitable !!!! I use it combined with its 20d Moving Average.... I do opttions and i use RSI to signal the best momentum posible to enter so my contracts scape the break even zone quickly and i can place a closser stop loss....it works like a charm
Looking at TOS there are so many moving averages like Adaptive, DMA, Exponential.... Which one do you set up?
What does it mean the default period is 14 bars? @2:42
Are you saying the RSI take the last 14 bars (in whatever TF [time frame]) to draw it's line?
Great RSi video
there's a very funny thing that I saw with many trading people shilling some advices, they all forget the macro events happening on the curves, like the context ( for ex whales manipulating the market and siphonning liquidity out of the retail on a stock) and only focus on the micro (rsi indicators for ex) without considering interpreting them differently given the situation, that's surprising to me
this is great stuff 🎉
Can these 3 techniques also be applied in Futures NQ?
hello can anyone tell me please if that black line Rsi or Rsi based MA ? Thanks
Do you guys use RSI in conjunction with ATR?
i use RSI 88 and 28 bands in the 15minute chart. been better in success in backtesting and foRwardtesting with 86% win Rate.
Key word in this vid is use RSI on multiple TF. Also draw Support and Resistance lines if you can.
5:50 is the answer
I know they planned that intro 😂😂
just giving it away... you work hard and somebody comes along and gives up the whole game in one youtube video lol just kidding ...great vid on RSI
So many different ways people trade. I mostly just look for volume, tape, and breakouts or downs. Sometimes I just scalp for a few points. Obviously it depends on the day. The days that have large tails I just sell into the momentum either direction because it’s basically a chop day.
what is the top indicator sir?
ok is 20 at the bottom on the rsi or is it at the top????
had trouble with playback looping back. will try again another day
They are what they are. Use wisely
Could you please send me the Lancese`s videos you talked about?
Yeeeeeee ❤
Is it wise to purchase crypto at this time? Despite claims that the market is active, could the price of bitcoin fall in the upcoming year? How quickly will coins return completely?? Let's say i spread $100k across, i need answers
That investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
A colleague once proposed the idea of diversification to me, hopefully for positive results to offset any negative performance. At once, I backed it up using an advisor in order to avoid any fiasco. As of today, my portfolio has yielded over $450k in profits, from an initial $180k this year alone... maybe you should do the same.
that's remarkable! i'm quite intrigued and would appreciate if you share additional details about your experience, or preferably the financial planner assisting you please? cant afford to make any more mistakes
My advisor is Nicole Desiree Simon You can easily look her up, she has years of financial market experience.
Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
You’re literally better off using it in reverse for any company with strong fundamentals. If it crosses above 70 on a HTF, you take the first long from there and then pyramid in to the pullback if it pulls back.
If it’s truly measuring relative STRENGTH, then why would it be OVERbought or OVERsold?
That’s like making a tool to specifically measure the strongest boxer, and when the tool gives you an answer, you go “yup, he’s gonna lose”.
Please be careful upon signing up for the webinar. once you sign up and paid saying giving you discount. They will email saying there's no refund policy and you are hooked.
While I understand the concept couldn't it be better to check the rsi on the 15min first and saynits oversold, but then on the 1h it's not, ie indicating its a temporary dip and will continue up.
More financial geniuses
I'm wondering why you use the terms "overbought" and "oversold", when you know that professional traders don't use those retail terms?