Day Trading with the RSI: Building a Trading Strategy from a 2 Period RSI! 🎯

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RSI Indicator Trading Strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Building a trading strategy from a 2 period RSI. I've been experimenting with RSI and I've decided to use a 2 period. This is very aggressive and if you are familiar with the way indicators work generally the lower the number, the more noise you are going to get. How to Day Trade with the RSI. This applies whether you are using moving averages or any oscillator such as the RSI or stochastics. RSI oscillates between a 0 and a 100 so I'm really only taking the very extreme levels overbought/oversold conditions. Generally with an oscillator the overbought/oversold conditions tell you when a spring is stretched and the theory is that its going to contract again. So you get a momentum move, a pullback, you want to get onboard as close as you can to that turning point and then you want to take the long for another push to the high side. This helps you to get on board of trends or scalp effectively. My rules are: first overbought condition on a downtrend on a 2-period RSI I'm selling - first oversold condition on an uptrend I'm buying.

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  Forex Trading