Why You Are Using The RSI WRONG

You are probably using the RSI wrong. Here's why...
If you learned something new, leave a like!
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*None of this is meant to be construed as investment advice, it's for entertainment purposes only. The links above include affiliate commissions or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

[@sureshbalaji6791]

After 3 years of trading. My chart is indicator free and I'm doing good with taking very less trades and at strong support and resistance. That's all.

[@gscalping]

Thats all the secret to it. Dont be greedy and take those strongholds.

[@jonathanduketis2769]

i just started last week and i am doing naked trading. indicators confused the hell out of me and i am not willing to spend years learning how to use them and the nuances of each. now i am practicing the breakout strategy in high volume situations in forex where both markets are open. only drawing my key support and resistance and perhaps a trend line too...I am already gaining consistent profits this week, sticking to 1 good quality trade per session... anyway, i'm all alone in this journey. hoping to meet like minded people along the way to talk trading to.

[@sureshbalaji6791]

@@jonathanduketis2769 So good to hear. Risk management is also important, please practice from now on strictly.

[@calmnarrative]

Nobody cares, how you trade, all it matters is money.

[@DrKomaTrans]

the only way to trade is waiting for a right moment . trading every day will rek u. waiting for a right time to get in the market for few months is thebhardest thing a trader can do.

[@noobbeats]

to everybody in these comments, STOP TRYING TO CATCH REVERSALS and instead try and find continuation in the market. you will thank me later

[@mohammadhasan6305]

Love this comment❤

[@Jokessss]

What do you mean?im new to this trading stuff and am learning about rsi atm

[@Jokessss]

@@doctoromelettebrownies i see i see. Thank you happy holidays🤝🏽

[@sskhussaini]

​@@Jokessssif you try to catch reversals all the time, you're going to get screwed by the market. Instead, remember this proverb, "The trend is your friend, until the end." Basically, find a trend following strategy that will give you a higher win rate over a longer period of time.

[@joseantoniofernandez1890]

​@@Jokessssdon't try to guess when the market is going to go up. Wait until it does

[@Ascendtch]

Divergences are very powerful and rewarding if you can catch them and act on it 🙏🏼🙏🏼

[@manjudevi9542]

Where can I learn trading please tell if u have any good link for it pleasee

[@gazanation767]

@@manjudevi9542 you find any yet?

[@depleteduranium1361]

@@manjudevi9542 the only way to learn is to trade go open demo account and of you go with fake money so that you don't loose real money while learning , doing it my self ,

[@spookeboo7477]

Search " ahmad danial " this is not a paid promo . Been through 100s of gurus . He doesnt claim to be one . He puts a disclaimer he dont want your money so no money involved . He just shows his live trades and reason he got in . That's all and you can learn by watching it

[@og2959]

Yeah altogether with trend lines 👍

[@calmnarrative]

There are many ways to use the RSI. In a strong uptrend, when the RSI comes back to the 40 level, that indicates a good pullback has occurred and price might continue again on the upside, so look for buy opportunities. Similarly, In a strong downtrend, when the RSI goes up to the 60 level, that indicates a good pullback has occurred and price might continue again on the downside, so look for sell opportunities.

[@dee23gaming]

I tested this, and it works like a charm. This is the only way the RSI should be used. It's a pullback indicator. The RSI was originally only designed for stocks, not forex. Forex doesn't get "overbought" or "oversold".

[@calmnarrative]

​@@dee23gamingI am glad you found my strategy useful.

[@headshot3575]

So True Ii Found This Out Myself Just Messing Around But Ii Was Like 61 And 39

[@user-wm7nl1gv2m]

at what timeframe that works?

[@calmnarrative]

@@user-wm7nl1gv2m Any timeframe... But use indicators in higher timeframes for better performance.

[@charleseth-tr4hv]

I feel like you have to use it both ways depending on what your looking for, the overbought and oversold levels are good if your scalping on smaller time frames and looking for reversals. And divergences are good for long term trends

[@JD-qr1cb]

There is no a single indicator that will work perfect all the time + there are many different ways to use the RSI and all of them are valid, just don’t do a trade only because an indicator says it unless you got a strategy That is tested hundreds of times.

[@jmartinez562]

Correct as every stock has their own personality

[@renjia3504]

​@@jmartinez562I like rsi im a newer trader 2-3 yrs in and made my first profitable yr from rsi mainly trying to become masterful with it and macd they seem to do very well for me personally and I don't want 200 indicators on my screen chart rsi macd

[@HIT029]

depends on how you use rsi. it works very well in scalping. if rsi starts moving above 70..then 70 percent of the time it is atleast 30 to 40 pips move in buy direction and if rsi goes below 30 then a 30 to 40 pips move in that direction. also on a smaller time frames if rsi is touching 70 then most it is an up trend...offcourse there are other things to take into account if it is uptrend, resistance broken etc etc

[@sinan_islam]

the RSI is a momentum indicator. it depends on speed of change. thus, the RSI will always show divergence because typically the first move is faster than its subsequent moves.

[@pentestrater1289]

try to change the RSI SETTINGS INTO 2

[@harshshah1627]

It all depends on how much timeperiod you keep in its settings. I have experimented it. It really works too good.

[@wahmodijiwah4201]

which lenght do u use?@@harshshah1627

[@j562gee0hdeewestsdegethemuLa]

It shouldn't show divergence it should be tracking the price volume and other indications on average

[@oscarwalle1068]

I use this with the stochastic oscillator and you'll be able to see the pattern. I trade on 15,30,1hr markets

[@WorkOutForever13]

teach me

[@oneupforthesonof]

What other indicators u use wit it bro bro??

[@Ragner-qo6um]

Even divergences dose not work all the time

[@dee23gaming]

Yep. I've seen divergences fail more often than not. I only use the RSI as a trend indicator or a pullback indicator.

[@Lekhraj1994]

This is not enough we have to use price action with RSI to become profitable. Whenever there is strong support or resistance Zone RSI will start showing divergences. Two types of Divergence one is for trend continuation and other for trend reversal.

[@user-di9wj9go3e]

Thanks dude I really found this helpful keep up the good work

[@GeeTony]

Its a good indicator. But just a indicator. There is many to use and shouldn’t only buy or sell of a single indicator

[@signallbox]

Great

[@hhhhj5831]

no shit 🤯🤯🤯

[@jaatgamer6505]

Hii sir

[@GeeTony]

@hhhhj5831 bro u know everyone doesn’t know everything right? 🍼🍼🍼

[@ZizaGordan]

Yes, but the problem is divergences doesn't work all the time either. I love RSI divergences, use them, but they have like 80% accuracy ...

[@seanspartan2023]

I use the Stochastic RSI that way. The RSI is better at showing divergence.

[@paws4thought449]

Yes correct and also I look at daily weekly and monthly RSI figures to look for short term and long term trend changes too

[@jonathansummerville9408]

And Divergences are not definitive either. Both conditions can be burned off as well. Use multi indicator approach. Entry, 1st confirmation, trend, 2nd confirmation, atr, stop-loss take profits

[@sadire]

I really love astrology man

[@j562gee0hdeewestsdegethemuLa]

I like to see how it reacts to the mid point and use it for divergence in price volume along with other indications .

[@Luke-mm4fy]

Can also chart on the rsi with trend lines (ideally with a minimum of 3 touch points) to look for shifts in momentum upon the break

[@JenMarco]

I love this strategy when it works because it’s usually a big move. Problem is, it only works 55% of the time. Use it with other things.

[@feru2925]

Technically a 50/50 chance. Pretty high imo

[@davidhawken9364]

​@@feru2925 "technically" 50/50 is neither hight or low. It's dead even

[@mayankkmar5624]

@@davidhawken9364 50% win rate is pretty high in the trading world as it can be paired with others like support and resistance and volume can make your win rate 80 to 90% depending on the level of experience you have(i suggest more than 3, i myself have an experience of 1.5 years and can say it's not luck, it takes time)

[@mayankkmar5624]

@@davidhawken9364 like i am trading BTC rn and i do 3 levels of cross examination and it passed all 3 signs i put. currently in profit 7 out of 10 times

[@DenysShust]

Thanks. Seems to be really helpful 👍

[@StatusCeleb]

Makes sense people have explained it this way before as well… MACD can also be used this way. I guess you can combine the two for confirmation of trend reversal as well as price action and Fibonacci for entries

[@leviprentice5689]

I came across an RSI vid that said it’s best to set the lines to 80-20 (80 top 20 bottom) that way you get a better reading of the chart is REALLY over bought or sold

[@thrilhouse007]

This still gives the same issue. You wont know when the reversal is coming.

[@gagankumar6176]

Use rsi divergence + fibonacci 0.382/0.618

[@HiBro7013]

Yes but if you use it then there is chance of fakeout and if the momentum is strong then acc can be washed 🙂

[@DutchPlanDerLindeFromTahiti]

​@@HiBro7013I guess SMC Strats then

[@HiBro7013]

@@DutchPlanDerLindeFromTahiti no SMC is also a trap just use it you will understand

[@DutchPlanDerLindeFromTahiti]

@@HiBro7013 it isn't I already did

[@pentestrater1289]

try to change the RSI SETTINGS INTO 2

[@SovannT92]

bro nothing "works all the time"

[@jmartinez562]

Correct, and EVERY stock has its pwn personality.... This is why as you become more seasoned you will only have 10 Stocks in your Bullpen that you want to Master..... Start with 4 stocks to Master in your bullpen.... NOTHING more for the first 30-days

[@a.b134]

Most valuable content 👍

[@malikadams59]

Thank you.

[@qayyumbenjamin943]

Thanks

[@harshalchbd]

Really Helpful..😊

[@lakshya8042]

You should publish a book on trading, investing etc

[@zilonggaming5469]

Though this might be helpful still we need more confident on the trade by also looking at the price action, candle stick reaction, other indicator (Fibonacci, MACD indicator, Ichimoku cloud, Achored VWAP, Volume profile, etc) for me i normally used like 10 indicators to see if all the indicator show the same answer if most or all of the indicator shows that its a buy/sell signal than ill go for a ride.

[@itstheeraka]

RSI DIVERDENCES POWERFUL but always wait for trend line break and market structure change

[@viralvideos-zq3ph]

Thank u for sharing . Make a profit with this strategy. Thank u 😮

[@praveenbehera1307]

In India web call it - 'Kuch bhi' ! 😅

[@ApriFoat]

1m to 5m TF use RSI 14 15m,30m,1Hr and up use RSI 30 Very simple ❤

[@jayyvibing9539]

Thanks for the tip.

[@reaganmulenga6455]

Kindly explain this

[@joedrieljumeras]

Wat tried app you play

[@Jeiyden]

All thanks to your strategy I’m up -$1300 from $5000 🙏

[@jbm3902]

Where you trade broo???

[@Jeiyden]

@@jbm3902 I trade with Exness broker here one.exness-track.com/a/3jcfqry3s4?platform=mobile&pid=mobile_share

[@bori3482]

What time period did you trade?

[@EntertainmentTv109]

“Higher highs” *highlights the higher LOWS

[@arwo1143]

Das ding mich China ist: Masse macht’s Wen du 10.000 Silos hast, kann in 5000 Raketen Wasser sein und bei 2000 geht die Klappe nicht auf. Sind immer noch 3000 funktionsfähige Träger

[@harshshah1627]

In general, this free RSI indicator is not being respected by new traders who are stepping into market. The basic reason on lack of their understanding is , the time period settings. If we keep lesser time period, it shows the path of the price changing too much faster which others feel uncomfortable during market hrs. But what I do is, adding 3 RSI indicators with 3 different time period settings - It worked wonderfully giving me the direction of the price movement of the asset in advance. Truly a good indicator.

[@jeevans7656]

Only use price action it is the best

[@Name-py6gv]

You mean support and resistance, right?

[@apophisx5946]

Or you can use both

[@jeevans7656]

Yeah

[@kaisha4355]

Snd smc ao snr ict wyckoff

[@TROLLOLOL6]

My main chart for MA and Vwap, sub chart is MACD, RSI, ROC and DMA. I need a 3 chart for confirmation, When MA golden cross incoming, RSi goes 50 above, MACD bullish cross signal, I will start for entry and it's have 90% chance have gain, 10% because MA from golden cross become death cross...

[@Learn_To_Trade_Profitably]

Not always.. I've tried

[@mdamdadsarid1809]

anyone please tell me this platform name🙂

[@raj5999]

All indicator derive themselves from price, so better to watch price and not the indicator. This is misguiding the new trader. That's why there is Price Action.

[@-SRM-]

Learning that lesson myself lol. I started trading just Price action with trendlines and support and resistance. Immediate increase in success rate.

[@gabrielmaimonie7005]

Wow thank you

[@intheworkseg6]

Im confused, over sold and over bought are the same…because if a bunch of stocks are being sold they are also being bought and the same way the other way.

[@farhanluthfan]

DIvergence not work if market Very trend :)

[@DreamerVic]

You need to apply the “Prince of New York” setup with the RSI

[@TRNPTRNTST]

Can you do for Gold pair? Divergent for 6 time and still keep going i'm so confused

[@user-jm5fh6co4c]

I am one of those idiots😭😭😭😭

[@cruz47144]

And even that is wrong at times

[@DicDavie]

Already priced in

[@tradingbasics01]

It will still give a lot of fake signal.

[@Jokessss]

So if rsi is making lower lows its a bearish divergence?

[@Heibergg]

Do you also combine with EMA(200)and only Long when above and only short when under? - I think I saw that in another video you made or is that misunderstood? 🤔

[@pello4407]

EMA Concept shown with the MACD indicator

[@robertj8062]

Stop depending on indicators

[@migyl]

Even if you’re using multiple?

[@acadiabutyoucantellzg4406]

Solo is that youu👀👀

[@danieljamesfarquharson8421]

This channel cannot keep getting away with this!!!!!! 😂😂😂😂😂😂😂😂😂

[@Bob-pp9cl]

Wym

[@Lucas-vj8rr]

rsi divergence is the best i use 8 instead of 14

[@sajjadanik]

What are the rsi parameters you are using?

[@007kape3]

Can I know the app name for trading

[@Allinone.2354]

And I your subscriber

[@AfricanWifeinPakistan]

Brilliant

[@RSI24]

Price action..I stopped using indicators

[@andyvdweerd]

not really right, you have to compare the lows with lows for bullisch divergences. And you compare the highs with highs for bearish divergences. ;)

[@user-hw5my1gd3x]

how to set it

[@CalmingTones317]

I don't know what time frame to use this on

[@Ptomify]

I m noob . This filed is so interesting. Especially for loners and introverts.

[@cuchulainn3474]

If you're going to use the RSI then don't use it on any timeframe lower than the 1hour. It's pretty much a waste of time. Sure, you'll see divergence but this will more than likely signify a period of consolidation/turtle soup. And there's absolutely no point in putting any longs or shorts on.

[@LukaMcDoncic]

what trading simulator is that? would appreciate a response

[@jaydongerber6010]

tradingview

[@LukaMcDoncic]

@@jaydongerber6010 THANK YOU

[@Gring036]

RSI is decent indicator but MUST be used in conjunction with S+R levels otherwise useless.

[@raydenkundera857]

Hi Gringo😊 what exactly means S+R levels? And how should be a good setup for RSI? Please😊

[@ichbinlenny8108]

@@raydenkundera857he means Support and Resistance Tone, if the price is near a Support zone and rsi is oversold, that would be a good time to take a Long Position :)

[@bopjrdome8436]

Support and resistance and look for divergences or oversold/overbought in those areas

[@KasidisP]

Bro you exposed the secret😂

[@signallbox]

Is Perfect

[@theblockcat-ain1572]

No one got time for all that

[@pietie935]

Imagine you make money with cfds xD

[@milton112]

You can use it both ways.

[@TraderRobin]

Please stop telling traders about divergence! I use it everyday, and don't want others using it!!

[@flatoot]

Did you invent it, or learn it?

[@rijoux]

RSI 14 THE BEST INDICATOR IN PRICE ACTION CHANGE MY MIND.

[@jakubfilipek2568]

Duh

[@takiahmed5575]

Op trades

[@SInCara53]

So where are these websites to trade on that everyone is using

[@jaydongerber6010]

this is tradingview

[@daytraderterrible7572]

Not really

[@SGRON7]

People who relay on indicators cant be successful for long time .Professional trades can read the chart patterns

[@rthom]

I've used RSI divergences to look for reversals in the past. It can give "potential" signs of reversals, but be careful as it doesn't always work. For example, Wyckoffs with three pushes down might show a bullish divergence between the first swing low and the second swing low. But instead of a reversal, you might see a massive third push down that totally negates the RSI divergence.

[@rummantariq7459]

Whats the name of that book

[@signallbox]

Ya

[@maximumpotential6867]

@@rummantariq7459 Wycoff is a method

[@maximumpotential6867]

I mean strategy

[@banginzaza]

That's why I took all of that off of the charts. And just look at candles. The major area of interest.

[@CalmingTones317]

I've been using this strategy for awhile, well, testing it, and I still can't get the entry to be great

[@LostAdmin]

How is the strategy working now? Is it good?

[@CalmingTones317]

​@@LostAdmin Now I use it to see some confluence in the market rather than a strategy, my wins were usually pretty big with just this, but there were more losers too The price would show it's divergence, then make a pull back enough to look interesting, then continue the trend Maybe I didn't give it enough time and should test higher time frames, but I prefer supply and demand while looking at bookmap for my confirmation

[@Allinone.2354]

Bro I am from India and I am your big fan You changed my life ❤️🤍🤍

[@xplane11tutorials51]

Just don't use indicators

[@TheForge47]

Thats the only one! For beginners it's okay to check what you see in the chart. But Most of them Look only at the indicators and not at the chart 😂🤷

[@gouravrathorr]

Make a deep video on it.

[@yoginmehta1]

the moving average ka video he rsi divergence ke baare me, search karnaa

[@oliver4710]

Is there certain rsi settings that make it better?

[@raydenkundera857]

This was also my quations, but l don't think so, someone will come with a good answer to it.😊

[@bopjrdome8436]

It’s whatever works for you, play around w/ it

[@techfantasy2]

Can you please give us any chart list about this? Thank you

[@a18sahildeshmukh31]

Yeahh tried every fuckin Rsi , Stochastic,Adx shit and was wondering what's wrong and moved back to Simple price action and it works better now

[@sachinmaheswari8554]

Is there any price action guide on youtube??? Also in which timeframe price action works best? Like for intraday..

[@a18sahildeshmukh31]

@@sachinmaheswari8554 kzbin.info/www/bejne/mIK9kJuenJuao6c This was the last and the best I watched on KZbin and it Completely changed the way I trade

[@a18sahildeshmukh31]

@@sachinmaheswari8554 30 min For the trend Confirmation and 5 min for entry

[@azmuzik6889]

@@a18sahildeshmukh31 do you have any link that i can learn from

[@manjudevi9542]

Can you tell me where can I learn please...... any channel or link??

[@pentestrater1289]

try to change the RSI SETTINGS INTO 2

[@user-oh8ff3jo9q]

how

[@kingdeady7501]

How?

[@Emmyfxpips2]

Having to trade yourself is one the big mistakes out would do when you keep losing money, I discovered copy trading and where to do it the game changed making a minimum of $10,000 weekly from it it's the safest way of trading while learning how to trade

[@gazanation767]

What

[@Sknazim5]

jor jor se bolke logo ko scheme bata de

[@user-pd8bv9lg3f]

In 2023, you don't daytrade anymore, you AI Bot the process. Trading a waste of time, especially when it's dominated by AI users who've got the edge.

[@AJRcoin]

False claims, the rsi divergents also doesn’t work every time like over brought over sold strats

[@user-sg4jn8wg7l]

Yes it doesn’t work all the time, big lies, you will lose all your money, BE AWARE

[@Fumblingthroughlifeonline]

Life saver