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RSI Lesson - Trend Follow/Confirming Applications
The signal of overbought and oversold based on 30 and 70 are weak but
can be enhanced but a divergence setup. Even this can extend further.
Perhaps we should look at other approaches of using the RSI, namely the
opposite.Instead of monitoring the RSI as a range trading tool,
why not look at it as a trend following tool. If the market shows
abundant examples of trend continuing after a show of OB/OS signal maybe
we should examine the trend following applications.There are 2
advanced signals that they don't teach in the basics of RSI. I first
encountered these techniques in the "Technical Analysis for the Trading
Professional" by Constance Brown. She credits much of her knowledge to
Andrew Cardwell who is a modern day guru of this technical indicator.We
had previously mentioned that when you think about when the RSI is
above 70, showing overbought conditions, it is also showing bullish
momentum, so in the right context, it it a bullish signal. (The right
context meaning basically that it is not always going to be a bullish
signal.) However, if you witness multiple failures, and then a quick
attempt, it is sometimes considered a "pop". The RSI pop is something we
can investigate closer, but the point is that the overbought condition
sometimes suggest only a temporary pause, but signals further intent.There are another 2 signals that help confirm the trend.1)
A healthy bullish trend should be confirmed by the 14-period RSI
staying above the 40 level. Vice versa, a healthy bearish trend should
keep the RSI below 60.2) After a bullish trend is established, a
positive reversal signal occurs when the RSI makes a lower low, but the
corresponding price low does not. This suggests another swing and we
can use a swing projection.
Beyond Frustrated With Ichimoku!
This video discusses the mentality of traders after losing trades and also about understanding the structure of the market.
Forum on trading, automated trading systems and testing trading strategies
Something Interesting in Financial Video September 2014
Sergey Golubev, 2014.09.22 12:09
Introduction to the
Central Bank Gold Agreement
This video explores the Central Bank Gold Agreement, and its role in current
international monetary policy.
Something Interesting in Financial Video August 2013
Sergey Golubev, 2013.08.05 09:52
This is a very key point to understand because the markets are always
trying to anticipate what is going to happen and therefore they move up
and down depending on what people think will happen to rates going
forward. Anything that comes out from this meeting or any thing else
that is in line with what the market expects should have little or no
effect on the market. Conversely anything that comes out which changes
the markets forecasts on what if any Fed action will be, can cause
drastic moves in the markets as participants react to this new
information and markets adjust accordingly.
Something Interesting in Financial Video February 2014
Sergey Golubev, 2014.02.10 11:15
06: DURABLE GOODS
This is the 6th video in a series on economic reports created for all
markets, or for those who simply have an interest in economics. In this
lesson we cover the Durable Goods report.
Durable Goods Orders (DGO) is an
indicator of orders placed for relatively long lasting goods. Durable
goods are expected to last more than three years, e.g.: cars, furniture,
This indicator is important for the
market because it gives an idea of the consumers' confidence in the
current economic situation. Since durable goods are expensive, the
increase in the number of orders for them shows the willingness of
consumers to spend their money on them. Thus, the growth of this
indicator is a positive factor for economic development and leads to
growth of the national currency.
USDJPY M5 : 47 pips price movement by USD - Durable Goods Orders news event
EURUSD M5 : 32 pips price movement by USD - Durable Goods Orders news event :
Something Interesting in Forex Video May 2013
Sergey Golubev, 2013.05.11 07:32
This is 40 minute webinar about the following: Gold, Crude, Russell with price action trading. John Paul explained how to use price action when trading news events.
Something Interesting in Financial Video November 2013
Sergey Golubev, 2013.11.07 08:41
Candlestick Charting - Bullish Engulfing Pattern
Bullish Harami Candlestick Chart Pattern - Description & Charting Example
The bullish harami suggests a reversal after a downtrend. Video
explanation with candlestick chart examples, "blended candle" analysis,
and trading details.
Next Week Trading Video: A rapid rebound in equities and drop in volatility measures should draw suspicion