I immediately subscribed when you said: "Price action is king". 😎
@DayTradingAddict3 жыл бұрын
thanks brother
@thejourneymaninvestor60873 жыл бұрын
I have a few critiques here, firstly, when it comes to RSI strategies the chart and RSI periods are critical. You have your chart set to the daily time frame so that implies you are not trading intraday. In that case you should change the RSI length property to 4. Next you need to plot the 50, 100, and 200 SMA onto the chart. You need to use these 4 indicators together and watch for signs of divergence and convergence. If you see a long setup you want to ensure that the security is in an uptrend by counting the consecutive green bars (or above strong support and above MA) and you want to ensure the 4 period RSI is above 75. Lastly, before you place a trade you want to ensure that you write a pinescript backtest and the backtest demonstrates an 80%+ historical success rate.
@owuorunmasked79692 жыл бұрын
This is for illustration purposes, and DTA is no fan of indicators anyway. If you have a better indicators combination then you should make videos to that effect instead of attempting to correct those who don't use them.
@iAM80tv2 жыл бұрын
Underrated legit comment !!
@johnnyquest5727 Жыл бұрын
More trash. Ignore this guy too.
@nengiminakiri4577 Жыл бұрын
Nope
@euniquewatson35773 жыл бұрын
I've been binge-watching your videos and learning so much. Thank you..🙏🏾
@DayTradingAddict3 жыл бұрын
You are so welcome! :)
@ahmedassadi9227 Жыл бұрын
How's it goin so far
@Blackbelt13 жыл бұрын
One of my 3 favorite youtubers! Big ups thank you for all the knowlege and tips and triks.
@edemasuquo47753 жыл бұрын
I smash those likes even before watching your videos coz I trust you to deliver. I just started watching your videos yesterday evening and I ve watched well over 10 videos and back testing on live trades in crypto and the work like heaven, most especially a Demand zone coinciding with support. Thanks boss.
@seanchoksey16763 жыл бұрын
It hit me different when you said price action is king ♥️
@getmoney59224 жыл бұрын
Day trading addict I'm a addict.☺️ Good content brother. 👍
@DayTradingAddict4 жыл бұрын
thanks for watching bro!!
@حكمةالعقل-غ5ه2 жыл бұрын
SO SO I FEEL THAT YOU SPEAK WITH YOUR HEART, THANK YOU SO MUCH YES YES
@eteghebenjamin8033 Жыл бұрын
Thanks Ben, for the information...
@2012turk3 жыл бұрын
great information... I don't use the RSI but I know there is a way to use RSI in trending market conditions which is the 20-60 & 40-80 way ... the theory goes like this ... if the market is up trending you will find the rsi oscillating between 40 and 80 and you can look for buy entries when it gets to down to 40 ... and vice versa 20-60 for down trending markets .... but of course it is better to be combined with price action and/or candlestick patterns
@yizzoManolo Жыл бұрын
Good stuff Ben thx again.
@parttime-teach2 жыл бұрын
This video and the information u shared here - made me subscribe to ur channel. TRUTH
@fredrickcallahan4292 Жыл бұрын
Nice RSI breakdown DTA!
@johnnorris45112 жыл бұрын
THANKS... YOUR VIDEO WAS V.GOOD... MY ??? WOULD BE, IS IT BETTER TO READ THE CANDLE STICKS? BULLISH TRENDS vs. BEAREST TRENDS??? TRADE THE TREND???
@thousandlocks32584 жыл бұрын
You did that. Yes
@DayTradingAddict4 жыл бұрын
:)
@nigelnamaseb7263 жыл бұрын
I always refer back to this, Great video !
@azharsferrari2 жыл бұрын
شكرا لكمAllah bless you ❤️
@Jcrusadr Жыл бұрын
Hey Ben, I'm not sure you really know @ divergence direction using RSI. Getting it backwards
@mauricereid9693 Жыл бұрын
Hi, What's your settings for your RSI, Thank You.
@TheNija132 жыл бұрын
Very helpful, thanks!
@ibraimidi32084 жыл бұрын
Good teacher 👍
@DayTradingAddict4 жыл бұрын
Thank you! 😃
@piranhapanda65352 жыл бұрын
Great tips. Thanks for the help.
@DayTradingAddict2 жыл бұрын
Glad it was helpful!
@kensid13 жыл бұрын
eye opening video.
@edlego8773 жыл бұрын
Great content thank you im Learning
@DayTradingAddict3 жыл бұрын
Glad to hear it..
@calvinmack2063 жыл бұрын
Fantastic video!!!. Been watching your videos for a while. I know u trade on the 5 min time frame. With this video were u usi g yhe 5 min time frame? Will divergence be seen in the lower rime frames
@TheJlm29473 жыл бұрын
divergence is my fav setup, thanks ben
@DayTradingAddict3 жыл бұрын
:) you are welcome.
@monythey12943 жыл бұрын
Best. Thanks
@miguelojeda93592 жыл бұрын
So if the divergence is indicating an up trend, should we assume a sell off is about to come and respectively off the divergence is showing a downward trend we should be watching for a buy opportunity?
@miguelojeda93592 жыл бұрын
Scratch that, I understand now. Thank you so much for sharing your knowledge!
@RamAditya47743 жыл бұрын
THANK U DEAR LOVE U :)
@jhonjherickmaravilla93452 жыл бұрын
yes yes yes!!!!!!!!!!!!!!!!!!!!!!!!
@krish43393 жыл бұрын
Thank you bro 😎
@karbuilderssdnbhd82404 жыл бұрын
Great content again🙌🏼 Can you teach us how to use Volumes corresponding with the snd zone for entry?
@DayTradingAddict4 жыл бұрын
thanks for watching.. i really dont use volume with my trading..
@AKAreckles3 жыл бұрын
Great video as always! What is actually a price action?
@AKAreckles3 жыл бұрын
Love from Germany btw! 🇩🇪
@DayTradingAddict3 жыл бұрын
thanks.. it when you use no indicators.. only price patterns.
@madhavas.81032 жыл бұрын
damn your strategy is sooo legit
@DayTradingAddict2 жыл бұрын
thanks!
@Sharkpriceactiontrader2 жыл бұрын
its work with only indices or stock also
@LMA77062 жыл бұрын
I like your vids but why do you use white background? black is easier to see
@thepostman96647 ай бұрын
Ohhhhhh secrets !!!
@TheSatzy66993 жыл бұрын
Super 👌🏻
@danilozulu4 жыл бұрын
Shooww your vídeos 🇧🇷👌👌
@DayTradingAddict4 жыл бұрын
👌👌 :)
@pashaj923 жыл бұрын
I think that you have to watch a few other videos from other people on RSI & divergence, before you can understand what is going on in this video.
@karaokemusic7893 жыл бұрын
Hey bro for this rsi indicator whats the best time frame to use?
@DayTradingAddict3 жыл бұрын
Depends on trader. all the frame behave the same
@savagewild6818 Жыл бұрын
😎
@jaysamonte46443 жыл бұрын
please reveal on how you earned by live
@wddlaw2 жыл бұрын
What systems does your indicator work with
@chauffeurmarco3 жыл бұрын
🤔🧐🤨 yeah sure!
@sayedzulfikarali82643 жыл бұрын
By what name , I have to search supply and demand indicator in tradingview?
@DayTradingAddict3 жыл бұрын
its exclusive only for my students..
@sayedzulfikarali82643 жыл бұрын
@@DayTradingAddict Oohh.... Which country are you from?
@DayTradingAddict3 жыл бұрын
@@sayedzulfikarali8264 US
@sujinprassanna38013 жыл бұрын
Does this work on 5min time frame? Or which time frame u recommend?
@DayTradingAddict3 жыл бұрын
yes
@thomasneit8802 жыл бұрын
I love your videos but this one? Looks like you have no idea how RSI hidden div works...
@Bertlorch Жыл бұрын
At 12 minute mark you have it correct
@user-qe9hn5wi3k Жыл бұрын
.
@Ily-mx4sc2 жыл бұрын
where is the link for your indicator pls?
@navketan19652 жыл бұрын
Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days. By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start. Another reason is that trend on 1H chart can flip on A dime & your money is gone.Trend based on the last 5-10,four hourly candles has enough players behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced merchandise. Entry is on 15M price action. Seek your wisdom?
@FX_PovertyKiller3 жыл бұрын
How can I be one of your students?
@DayTradingAddict3 жыл бұрын
yes.. info is in the description..
@Bertlorch Жыл бұрын
At the 9-minute mark of your video the divergence you show isn't correct. When RSI makes a higher high when the price makes a lower high its bullish, not bearish. I check a few times with different traders Wysetrade explains perfectly.
@user-qe9hn5wi3k Жыл бұрын
.
@thousandlocks32584 жыл бұрын
EXCELLENT
@DayTradingAddict4 жыл бұрын
Thank you! Cheers!
@john-goldjoshua58512 жыл бұрын
Please where's the link to get to indicators for supply a demand
@muhammedakber83662 жыл бұрын
Wrong brother describe divergence
@antonioakononguema46033 жыл бұрын
this video is not clear
@kenstewart2123 жыл бұрын
The obnoxious beef consquentially spill because crawdad positionally trick toward a overrated help. odd, quaint rod