Strategy Recap: Trading CALL Options in Any Market Environment

Hey traders!!   Today, we want to talk about a really a wacky way to trade the RSI indicator.   I mean, this is unheard of.   If you're familiar with how technical indicators work, generally the lower the period, the more noise you'll get.   This is what we have done to attempt to filter some of that noise out.   We tweaked not just the RSI parameters, but we also played around with the overbought and oversold readings and found out that by using a 95 RSI reading for overbought and 5 RSI reading for oversold condition, we get more accurate day trading signals. Basically, we've stretched the overbought and oversold band parameters. Since the RSI indicator oscillates between 0 and 100, we've only taken the very extreme levels for overbought and oversold.   So here is what we want to use...   Indicators  🔴 RSI Indicator (Adjusted to 95 and 5) 🔴 20 EMA    Time Frame(s) 🔴 H1  🔴 M5    In this example were going to look for a buy opportunity.   So here is what you can do.   Go on the H1 time frame and look if a pair is trending up. This can be done when the candles are above the 20 EMA that you added to your chart.   Once you find that the pair is trending up, bump down to the M5 time chart.   Now, simply wait for the RSI to hit below the 5 as you can see in the image. Once this happens, that is where the entry is.   To get out of the trade, simply wait for the RSI to hit 95.  Add a stop loss where there is prior support on the M5 chart. A good way to use a stop loss with this strategy, is to trail the trade when you get into profit.   That is it!   Simply put, a very odd but effective way to trade with the RSI.   Would you give this a try? Let us know by replying back to this email.   Our team loves the RSI and we love using it in different ways.   In fact, we built an entire system around the RSI which we called the EFC.   This system relies on candlestick moves + RSI divergence.   If that is something that you would be interested in, tap here and we'll show you how it works!   Let us know if you enjoy this type of email, we'll send out more like this if we get enough responses back 😉   Have a great day,   Trading Strategy Guides Online Marketing Services DBA Trading Strategy Guides, 816 Ligonier St., Latrobe, Pennsylvania 15650, United States Unsubscribe Manage preferences