RSI-2 A Trading Strategy You Should Know

More Trading Tips for Stock Traders at: http://www.TradingTips.com Other recommended sites for traders at: http://www.WealthPire.com "Like" us on Facebook for exclusive content & special promos at: https://www.facebook.com/Wealthpire Larry Connors is a name you may not know, but he developed a technical indicator and trading strategy you should know: RSI-2. Now you may remember RSI, or Relative Strength Index, from a much earlier TradingTips.com episode. In fact, it was featured in Episode #10. RSI-2 isn't really a new indicator, but a particular application of RSI -- a two-period RSI -- and a set of trading rules for using it. The results? Amazing. So amazing, in fact, that Connors recommends against using stop-losses! So what is the RSI-2 strategy? Can it really work? In this episode, you'll learn: -The five steps for implementing an RSI-2 strategy, explained in detail, step-by-step. -How the 200-day moving average and 5-day moving average of a stock can be used in conjunction with RSI-2. -Exactly when to place your buy and short-sell orders (you have two options no matter which way you go), and when to take profits. -How to implement RSI-2 in a way that minimizes the risk of this inherently high-risk, high-reward system. Happy Trading! Manny Backus CEO, Wealthpire Inc. ***Recommended Resources: How You Can See 8% Returns Month After Month This little-know loophole in the Investment Advisor Act enables you to bank returns as high as 119% or more. This secret is so potentially profitable that I have already received numerous requests for me to not reveal it. Fortunately for you, I feel it's my duty as a financial analyst to get secrets like these out there. http://www.portfoliocrafter.com/119-loop-vid.html "Minute Stocks" - New Hype or Legitimate Wealth? They're not stock brokers, and they're not spending hours online researching - so how are they doing it, read the report here http://www.wealthpire.com/minutestocks This Event Could Hand You a Quick $25,000 And It Happens EVERY DAY at 3 P.M. What are you doing today at 3 p.m.? How about tomorrow? Or the day after that? I only ask, because if you're not making money at that time every day - or at least know how to do so - I suggest you read this special report in full. http://www.wealthpire.com/lht-quick25.html Why Is No One Looking At This Biotech? In my special opportunity bulletin I alert you to a specific biotechnology company that, based on my research, should see share prices spike up to 300% over the next few weeks. http://www.wealthpire.com/obamacare-vid.html

Comments

1. Traders, do not follow these rules, you will lose money
2. Some of the comments on here are by genuine fools aiming to confuse other fools
3. A lot has been said about Forex trading and the strategies of Mr. Wayne but let me say this
4. great present;ation
5. and breathe
6. Perfect "V-bottom" examples here, but this isn't the reality on most charts. Please explain the rules for when price keeps falling and RSI remains below 10.
7. Join us in XM and get $30 start bonus 0 deposit and get more bonuses on your deposits. http://clicks.pipaffiliates.com/afs/come.php?cid=84413&ctgid=16&atype=1&brandid=3
8. I’ve been into binary options trading for 5 years and I have seen most of the auto trading software very closely and no one has been as successful as like CTM app ( You can check it out here >>> https://plus.google.com/u/0/102661247187820448417/posts/4JVmMHfpzJ4 ) in terms of success rate and convenience that it provides to its users.
9. Brilliant, what is the RSI indicator for, then?
10. interesting but you got muddled up at 4:50
    trend is down and the price is above it's ma so it's a valid entry
11. DUMM!No STOPLOSS? Great strategy to blow up your account quickly..........Don't listen to this BS!
12. Mistake around 4:50. To enter a short trade or buys puts, the stock/etf price should be above its 5ma, not below.
13. WoW, thanks for video! Awesome!
    I use my free Samurai robot and make extra profit for myself :)
    Take it on my page
14. Does anyone know where I can get RSI 2 numbers on a daily basis for stocks.  I was using Connors Trading Markets program but they took it down.  This really ticks me off since I spent a small fortune taking their courses and now their useless unless I take another course.  Yeah that will happen.  NOT
15. Completely agree with you Arron Smyth. In fact, basing upon his rule A and E should be ignored, instead of A and F. Because as you mentioned F meets the critera, however E is both below 200 day SMA and below 5 day SMA and RSI pierced through level 10. E is at a SMA cross over area, perhaps another strategy should be applied to point E altogether.
16. Surely point F is a sell signal based on your rules? 1) Stock below 200dma therefore downtrend, 2)RSI above 90 (95), 3) stock trading ABOVE 5dma (momentarily overbought). So why should this be ignored?
17. Thanks for Yelling! But sure helped me a lot. 
18. You guys should check out this EXTRAORDINARY website called FIREPA.COM . You can make money online and start working from home today as I am! I am making over $3,000+ per month at FIREPA.COM ! Visit Firepa.com and check it out! When does the connection examine the valuable account? How does the hour advertise the black-and-white payment?
19. why would you wanna let us in your secret?
20. The secret of a successful trade on Forex! Leading trade since 2006. Now has developed a strategy, which brings profit of 100-150% per month! This method is very simple! A very simple and accessible information! For the novice trader and not only! goodzarabotok.mybb.ru (RU) mastertrader.topbb.ru (EN) Who wants to trade successfully in the Forex, please contact me! Within 24 response will be sent. Glad to help! With regards, Vladimir Anatolevich.