The Strategy works for any timeframe as follows:
1. 1st plunge of RSI (2) into the OVERBOUGHT area - lower than 10
2. 2nd plunge of RSI (2) into the OVERNOUGT area - lower than 10
3. 3rd plunge of RSI (2) into the OVERBOUGHT area - lower than 15 - 20 & higher than the 2 mentioned
Here a BUY position can be opened. Looking at one LOWER & HIGHER timeframes & S/R Levels is also a MUST.
Note: If you set RSI (2) 4H you can see that Strength is being accumulated.
- Risk Management
- Portfolio Management
- Psychology of Trading
- Know-how & tools
Not a financial advice. This strategy works for those who know how to handle it.
Regards,
Morteza
1. 1st plunge of RSI (2) into the OVERBOUGHT area - lower than 10
2. 2nd plunge of RSI (2) into the OVERNOUGT area - lower than 10
3. 3rd plunge of RSI (2) into the OVERBOUGHT area - lower than 15 - 20 & higher than the 2 mentioned
Here a BUY position can be opened. Looking at one LOWER & HIGHER timeframes & S/R Levels is also a MUST.
Note: If you set RSI (2) 4H you can see that Strength is being accumulated.
- Risk Management
- Portfolio Management
- Psychology of Trading
- Know-how & tools
Not a financial advice. This strategy works for those who know how to handle it.
Regards,
Morteza