RSI indicator trading strategy, Part 1

RSI indicator trading strategy for Forex, stocks and E-minis. http://www.topdogtrading.net/youtube-organic-forex The RSI indicator and other "bounded indicators" are often mistakenly traded as buy signals when they're oversold and as sell signals when they're overbought. This is exactly the opposite of what works! Enjoy the video! Leave your questions and comments below! Make sure not to miss a single video from Barry! Click here to Subscribe: https://www.youtube.com/user/TopDogTrading?sub_confirmation=1 ========================================­============ Barry Burns Top Dog Trading TopDogTrading.com Facebook: https://www.facebook.com/TopDogTrading/ Get the Free Trade Strategy: “The Rubber Band Trade”: http://www.topdogtrading.net/youtube-organic-forex ========================================­=========== Watch the related video: "Forex Trading Strategies: Enter When Time and Price Come Together:" https://www.youtube.com/watch?v=AEnMVPldYrE

Comments

1. Barry has pointed it right. RSI is relative strength indicator which shows strength towards bearish and bullish market. People often misunderstand it with oversold and overbought.
   The idea is to follow the trend and when its downward trend below EMA prefer not to enter in oversold area.
   Divergence is covered in a nice way.
   keep posting Barry.. good job :)
2. On what minute charts do you recommend using this indicator for. I use one minute charts is that good for this kind of strategy
3. You nailed me with this video.  Thanks Dr. Barry!
4. ok . . i shared this video on facebook . . . where is my free book???
5. Interesting angle in which to see RSI
6. great videos
7. Nice teaching lesson, you made it easy to learn and understand.
8. Barry, i hv a controversial idea about your video. This only happens if thr price action is trending. But RSI is a perfect match under range-bound environment not the trending one. By looking at ADX you can get an idea where to use RSI or stochastic. Please make me correct if I'm wrong.
9. hey Barry....damn i like what i just saw, i am new in the forex and what you just taught is really valuable. Thank you
10. Barry, thank you for your video. I plan to email you with some questions. PS: have anyone told you your voice sounds like Barnie from the cartoon? very soothing :)
11. Thankyou for the video. What is the thick moving average that your using that changes from red to green and green to red depending on the trend? Thanks
12. relatively new to trading - had not learned RSI 'properly', so thanks, Barry, for setting me on the right course.
13. Great profits today, $540 i have videos on my channel about it
14. Barry from Top Dog Trading: I appreciate your great and truthful video: There is no indicator which, by itself will work all of the time. Maybe there are a few retrospective charts indicating this. Even classic entries which the whole world of mentors, teachers, and authors may agree upon, yet the trade could fall out of favor. One is prone to be wiggled and jiggled out of trades because indicators are not inevitable waves of success, as the price will often determine the momentum of the indicator painted by the Rembrandts of the investment and institutional trading culture, who possess the easel and the ability to paint the candles to the retail trader's consternation. Trading would be easy if this were so, but it is not. One must analyze the context of the market or instrument and decipher the risk reward ratio built upon the trend at a specific juncture. Trading is sophisticated conjecture -- even the HFT stock market syndrome systems are arbitrage machines that only know the next fraction of a nanosecond -- in order to play with the spread.
15. You are very right Barry, as for my personal opinion divergenge happen this dis agreement of the price and to that indicator because that is the time that the indicator will correct its direction and not the price will correct its own direction rather the indicator and because I have notice that the panel where the indicator place was not appropriate to manuever its scale that is why it shows a little kink or roll that many called it as divergenge but the truth is the momentum power is not end in there that many traders did it wrong to trade the divergence.
16. how about you put a 20 pip risk and reward each time? keep thinking
17. Like number 777 - gotta be a good omen surely!? Very helpful as ever
18. Thanks Barry for the video guidance thats teaches the truth of over sold and over bought and new traders often make the same mistake and loose but this helps only the Forex traders kindly post some for short term traders of Binary Options we would like to learn from your experience .
19. This is so true! I was losing because I would take too many of those small trades instead of looking at the 30min-daily, place and hold. Seems like you really do profit more when you're patient.
20. works for me on 10 mins ftse 100 not had one fail