"Pictures" worth more than thousand words. [10% to 15% correction is coming] | Traders Hideout


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"Pictures" worth more than thousand words. [10% to 15% correction is coming]

  #20 (permalink)

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Posts: 255 since Apr 2011
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rintin2x View Post
I'm not sure other people's experience using RSI, I think it's pretty reliable when market is choppy or in ping pong mode, but I got killed so many times before and decided taking it out of my chart since it won't help whatsoever when it's in trending mode. I haven't really look into it in term of daily or weekly chart tho.

I do not use RSI even though I do have a custom made RSI but honestly I rarely use [and if I would use it I would use it on higher TF, because of the noise factor on lower TF].

I just find this type of analysis very useful and I am putting this puzzle for you guys to interact and for my own research and improvement as I have plans in the future to develop a Fundamental/Macro/Intermarket/Seasonal analysis tool in Python.

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