RSI + Bollinger Band Trading Strategy
HTML-код
- Опубликовано: 23 сен 2024
- This video shows how to use RSI in conjunction with Bollinger Bands as a trading strategy on the timeframe of your choosing.
Get access to life-changing private trading techniques for only 30 dollars: www.buymeacoff...
Get Tradingview Pro for next-level charting: tradingview.go...
The Website I use for Analysis - cryptowat.ch/g...
My Discord Chat: / discord
Automate your strategies with bots: 3commas.io/?c=...
_________________________________________________________________________________________________
Disclaimer: The content covered in this video is NOT investment advice and I am not a financial advisor. The material covered within these videos is for educational purposes only. Always do your own research and only invest based on your own findings and personal judgment. Happy Trading!
dude I love your videos so much, its 2024 and you still have the best videos. appreciate it man
All I have to say is you're a real one bro! People charging stupid amounts for this information! Glad to see someone that is committed to helping others out! Subscribe for sure!
I have never used this and it is so plain to see when you turn it on, THANK YOU! The buying outside of the bands is like clockwork! There are so many people out there that take advantage of new traders and charge for simple trading techniques so you Sir are a gentleman and a scholar.
I tweet every new video that you put up hope they can bring a couple views as gratitude.
Thank you for the shares! It really helps.
-BTC
Widen is a word btw
and it's really a brilliant word
you're by and large the best at making these videos
Thanks!
I’ve been using this strategy to day trade forex for a while. It works great when it’s done exactly like you explained. It takes a lot of patience.
Hey Mark, how do use it in forex? do you have reference for it? pls share. new trader.
this is literally the best crypto channel. how are you not more popular its crazy!
You're brilliant mate!! AMAZING CONTENT
I liked the video bro. I just watched 10+ vids on same material and you definitely conveyed the important info most effectively, you didn't get caught up overstating your technique ( others use this strat to stroke ego ) which is not good demonstration material.
Thankyou for giving your time and knowledge in your videos. You are very skilled.
Have you ever used a Bollinger Band/ Fisher Transform strategy? I am currently experimenting and would appreciate any thoughts. Thanks either way, have a good week. Aaron
You sir, are a legend - thank you
I'm a beginner and just start looking at crypto more in depth and more trading strategies. Great fucking video, completely opened my eyes on what both of these indicators mean and what they do
Obviously Bollinger Bands is really nice option to earn rapidly in Trading stocks , all you require is the good
strategy, the right information and Mentor, then you are good to go, i have been trading and making thousands of dollars with the Blended Model Strategy created by Dmitry Vladislav. knowing how to trade support and resistance in stocks, Google this strategy online now, After you read this strategy, you will be able to identify these sweet spots where marvelous price action happens. so keep learning it and you won’t regret it. Contact at (vladislav at optionstrade dot cc.)
You do a very good job at explaining this. Thank you.
@ around 10:07 There actually is divergence (if your RSI is set to the close price vs h/l). Def would've been perfect to buy :)
Excellant video and instruction. I have benefited from watching your videos and I do appreciate your time very much. Thank you, thank you!
Sir, can this strategy be used for index trading? Also , is this a positional trade strategy or intraday for financial markets.
great video and easy to understand.
I have been tracking RSI but had not got around to looking at bolinger bands until now. Thank you, I can really see how the two work together as a pretty solid indicator. I have a friend that plugs these two things into his Cryptohopper trading bot and he makes 1-3% every single day until the last week when he is just in HODLing pattern until we reach the absolute bottom.
Nice! Why he stopped? He doesn't make 1-3% any more? Also why you don't use Cryptohopper?
build your own bots guys! don´t rely on third persons or institutions who are unknown...u´ll thank in the future
not everyone is a computer programmer to build a bot.....grrrrr
I decided just now to test this on CH. Is there a recommended candle size?
Thanks
Edit: Oooops I should have waited 2 mins lol....just saw it
Very useful video! Thanks you very much!
Great video! But why not use mfi instead of rsi like you do with MACD? Does RSI work better with BB?
Great insight. Thanks a bunch for the knowledge!
Wich is the best time frame for bitcoin?
Good video bro. Is this effective for 30 seconds candlesticks for binary options?
Can this apply to the stock market as well not just bitcoin?
Great stuff thank you. RSI divergence I am very interested in. What time frames does this apply to, and is it only if the 2nd low is next to the first low? For instance would this apply to a 4 hr chart measuring one big sell of to the next big sell of slightly later?
Great video man!!! I will try this strat +/- tweaks today!
I saw you interpreting the absence of divergence as confirmation. It is not as strong confirmation as hidden divergence is, right?
Thanks for the info man! You've got a subscriber :)
Svetoslav Chilingirov did it workout? I will start papertrading next week and would like to know if this is a good strat
Well, I arrived at the conclusion that it works nice on 15M with standart RSI, and on 1H with RSI(10,70,30)
It definitely deserves more tweaking and attention! Divergences may be included as additional signal, trend identification also.
If someone has other suggestions, speak now :D
Useful video. I'm new in the business. It helped a lot.
one sees immediatley i could learn so much from him
Dope video! Thank you sir💪🏼💪🏼
Months of suffering through other "paid" training program, and still being confused. And all I had to do was watch this video. Question, why not use BB on higher time frames such as the daily?
You can use higher timeframe but thats mean that the trading pace is far mor slower since it need so much candle to show buying or selling opportunity. It means that youll get the 1 full trade for 1months or so
Very informational! Thanks
thanks for the videos, but i always wandered, how do you know which is the best time interval for indicators as boolinger, rsi, volume profile, etc. do you have a vidio or something for that. i've had a lot of confusion on i. thank you !
There is no best timeframe. You select the timeframe that works best for your trading personality and the current market volatility. For example, in a highly volatile market, using a smaller timeframe would be beneficial as you can pinpoint exact market moves that occurred. In an involatile market, you will want to use a higher timeframe as it showcases more of the whole picture. Going off of that, most indicators work quite well on the hourly if you would like to start there.
Very smart trader!
It all looks good on post factum chart. If you want to trade with BB i encourage bigger BB interval, taking position once price starts bouncing and setting stop loss right below/above this extremum. Price continuing to move further says about powerful price action. Higher probability of bounce is when BB is horizontal or slope is against price direction.
since you used to trade forex, what are your thoughts about trading cryptos on with mt4 brokers ? besides the bigger spreads, are there any disadvatages to trading with them?
Great video, finally some who teach well!! Parabens You won a subscribe. Can you make a video of real time trading?
I made a series that showed all of my trades here ruclips.net/p/PLMiIpkr6T9nXdno-_UdxnYG-rSOLsmBMe.
I know this this is an older video, but is this still working ok for crypto?
Also, speaking of CryptoHopper, Would you suggest SMA, EMA or something else? I had read somewhere BB likes SMA, but I've also read EMA is quicker to react with all the volatility crypto has.
Thanks!
Great video and tip! Clear and concise. What if RSI moves from stable region to over-sold, while there are higher lows?
What does that indicate?
Do you only look at the lows and RSI from stable to over-sold / vice versa?
OR
Can you also use the same strategy when looking at, for example:
RSI moves from over-bought to stable while there are lower highs = Downtrend?
There are multiple ways to use/look at RSI. You could use divergence (tinyurl.com/y8jh3z42), which is when price is going up and RSI is going down showing a lack of bullish momentum. You could also use it traditionally with oversold and overbought values.
Ah i see. Thanks for the prompt reply!
It looks like you filmed this at a jail.
Rudy is so rude!
😂😂😂🤣
😂😂😂🙌🏽 you made my day
Hey love your value man.. question.. on this strategy... wouldnt it work much better on a lower time frame to avoid a fake out on the RSI side? Lets say, i bought into a position on a bullish candle after a long tailed candle below the BB and the RSI creeping back over the 30 mark on the RSI, but then goes the other way from there.. Are there other indicators i need to add on top of this.. or is this play more of an arsenal to have in the back pocket? I noticed i did the play and it went south.. Couldve been because of the BTC bear market..appreciate the feedback
Price Action + Volume analysis is necessary when using any type of technical analysis strategy. Those two analyses will likely allow you to make better trading decisions, you could try experimenting with different timeframes but I have found that the 1H works quite well with this strategy.
Do you ever buy during constricting band action? When the bands are really narrow?
So, would u recommend using RSI + BBANDS. Solely by themselves as a strategy?
how would I use the RSI on trading view? I understand the BB I caught on actually by just looking at them, but the RSI I wouldn't know how to set it up.
great insight, thanks!
I can not find this type of rsi how it is called on trading view?
relative strenght index
would it work if you use bollinger + RSI to get a good cheap buy and then use Fibonacci to set a good selling point?
If you are well versed in Fibonacci trading - by all means add them into this strategy for points of confluence.
1hour chart? i thinks its for short term trade. Ur dmi video also bases on day trade. which chart to use and wht to do if i want long term trade?
Your timeframe depends on how you would like to trade. Typically more short term trading involves the 5M or the 15M and swing trading is typically traded using the 1H.
Bitcoin Trading Challenge and wht about long term? can i use 1 day chart with same settings u set with rsi,bb and dmi?
Would this strategy also work well with MFI? I know you mentioned MFI in the video but was wanted to ask for you opinion since I prefer MFI over RSI due to the fact that it takes into account volume.
I prefer RSI with Bollinger Bands as I have not tried MFI with this Bollinger Bands before. You could use RSI + BB with volume as well for a good three indicator strategy if you would like.
Do you think it works for swing trading?
Yes it would be a good way to trade trends on higher timeframes like the 1H and 4H for traditional swing trading.
Thank You!
What is your opinion on scalping using the 1m time frame with this strategy?
I would say that the 1M is too short of a timeframe to scalp with this strategy: fees will eat away at your profits + that timeframe may contain many false signals. I would instead recommend starting with the 1H and then move down to the 15M or 5M.
Thanks! I'll start planning trades based off of that time frame. I am a brand new trader and have really enjoyed your videos. Keep up the good work!
+Bitcoin Trading Challenge 1HR is fine
Hi just a quick question, why dou use gemini to trade instead of those bigger ones like Bitfinex, GDAX etc
Fee system suits me better and I also prefer only trading ETH and BTC.
Should we care about the ranging / trending market as well when applying this strategy ? Thanks
Yes, I would recommend identifying the current market stage on a macro timeframe such as the (1H/4H) and micro timeframe (5M/15M).
It appeared that you were doing rehearsal and talking to yourself not teaching others
would this work on a 1min or 5min candlestick time frame
5M but I would not recommend trading 1M.
Does the software set the RSI to 35 for liability reasons?
No, just a standard setting that Cryptowatch put in.
Which rsi is this on TradingView?
relative strenght index
That could be a good reason why this high is eventually taken out. time-framing applying bollinger band should depend on your system strategy, price change can often happen if the reversal begins with a large momentum candlestick to the downside. *Lukasz Wilhelm's* method helps better. you can read about his system on google.
It is on surface! Binary - means we have only two ways. And with a good luck and trusted manager we can win, without it - lose. I advise to read some economical books about world trading in general and then you'll get more chances to win for sure. contact Mr Mahmoud Abbas for a better tutor.
Mr Mahmoud Abbas has been of great assistance to me in becoming a successful trader. I have watched my portfolio grow rapidly under his guidance and I've learn much on my trading skills .
It’s damn amazing how Mr Mahmoud Abbas is flawless with his trading activities everything about him is such difference.
It feels really bad when everybody is benefiting from a source and you are being left out. Glad to have made the right choice
One thing Mr Mahmoud Abbas system guarantees is steady trading success
The feeling of comfort I get whenever I watch my investment funds grow under Mr Mahmoud Abbas can never be beaten
It works until it doesn't work. Relying on Indicators will shorten your lifespan in this business, whether is for crypto/FX/Derivatives etc..How the fuck are you going to quantify momentum based oscillator as an "entry" signal, markets move in cycles, it's not all momentum.. and even if it is, how exactly do you define Risk? If you gonna go the technical path, learn price action/Multi-timeframe analysis + price recognition in real time. You may have winning trades here and there, but Wtf is the point of trading if there's No quantifiable long term positive expectancy- I hate seeing younger folks thinking they on to something and end up wasting their time on shit they haven't engaged with proper analyses-- Where's your edge? Do your homework guys don't be lazy.
you just pointing out the chart which is already done , if you are pro take trade in live account and show , so we all can trust and belive you ,,,, all can do that heheeheh
I've been working at my algorithm for over a year now, now working on it in a professional capacity, and I've really learned to appreciate why the moving average is probably the most important indicator you'll ever use. It indispensable in risk management, position sizing, setting stops and TPs. But I'll let you in on a little secret. If you know a bit about *ash strategy by aleksandrov* you can actuallly google about it yourself because i would advice fellow retail traders not to enter the market without basic knowledge.
Forex trading is a zero sum game. It’s complex, so you need math skills to understand the market trends and different algorithm.
sucks
i am NOT a traitor....