The Right Way to Trade Overbought/Oversold Oscillators -- With the Trend



This video is an excerpt from Steven Primo's webinar on trading tops and bottoms. Visit Primo's web site here: http://bit.ly/steveprimo Join us in the discussion on InformedTrades here: http://www.informedtrades.com/763906-how-use-oscillators-trade-breakouts-trend.html#post826477 The basic points discussed in the video are as follows: 1. Only go short if price is below the 50 simple moving average 2. Only buy if price is above the 50 simple moving average 3. If price is above the 50 SMA and the oscillator reaches an overbought level, wait for a pullback. If price rallies and goes back to where it was when the oscillator flashed the overbought signal, then buy 4. The same principle can be applied with oversold levels and shorting when price is below the 50 SMA

Comments

  1. this guy is correct, if you enter on break of previous high or low in relation to the trend , win rate will be 80%
    dont use indicators like most of the loosing traders start to study structure of charts
  2. Don’t you every waste your time on such a software which will eventually engulf all your deposited money, try something which is automated and will work for you like a pro trader. In this regard my recommendation is this app >>>https://www.facebook.com/NewOptionsTrading/app/190322544333196/ .
  3. (DETAILS POST >>> https://www.facebook.com/NewOptionsTrading/app/190322544333196/ )  trading is a highly recommended trading app for all people out there who are trying so hard in binary trading but fail to get output money from it. The app stand out from the rest of the pile is because of its user-friendly nature and the services it provides to the user.
  4. If you want to make some good money then you have landed at the right place. (DETAILS POST >>> https://plus.google.com/112801319390157281814/posts/ABwU37LYHQE )  trading app is one of its kind with its unique and easy to use features as compare to other applications. One major property of the app is its free to download and it guarantees money too.
  5. I was always skeptical about options trading because it always seemed to be scam but after I was hit by the recession, I got worried about the stability of my job and wanted to find a backup plan. So I tried this app ( Check out this post >>> https://plus.google.com/u/1/102135744004462700008/posts/TyEZS9GsAQo ) and it worked out very well and I was earning money as soon as I started. I ended up getting laid off and to be honest, I’m doing better today than I had been at my job. I recommended this app to everyone.
  6. Did he really say you sell when it's oversold? Whoa
  7. Overbought/Oversold are for short trades u dummies :)
  8. this is sooooo invalid
  9. I just stopped the video right away as soon as he said "there's no such thing as overbought and oversold!!!"
  10. 50MA is not the most important. The 200 is the most important. 200/100/50/20, they all have their merits. But yeah, you shouldn't fight the trend, because that's what you're doing - fighting.
  11. hi guy,i'm a little lost, where are the entry's and exists of the 4 trades in relation to the lower low pivot points? cheers guys have a good one
  12. This guy assumed he knew that future price is trending. just a clever webinar that lead to lost
  13. this confused me :D


Additional Information:

Visibility: 8224

Duration: 4m 21s

Rating: 13