Wednesday, April 28, 2010

Amazing Side-Effects of RSI

* You just can't buy at 'resistance' and sell at 'support' - a major mistake traders commit.

- because you buy at rsi exhaustion in "over-sold" zone & sell at rsi exhaustion in "overbought" zone only!

* Emotions are out!

- RSI takes the decision!

* You trade with the trend.

- RSI tells u the trend.

* It gives you a reason to take the risk at the right (risky & difficult) time!

- RSI is the logic behind the magic!

* You trade with a method, not without.

- RSI is that method!

* You (thank God) have a trading plan!

- "I will buy at RSI bottom "exhaustion" and sell at RSI top "exhaustion"!"

* You trigger the start and end of the trade with clear 'entry' and 'exit' signals!

- RSI exhaustion is the signal!

* "Big moves rarely come without warning" -

- RSI is that warning!!!

* 'Patience' is inbuilt in RSI-based trading system!

- You don't trigger the start or end of the trade till RSI exhausts!

* You can go long as well as short!

- RSI tells how and when!

* You can "time the market" to reasonable accuracy

- RSI clock tells you that (see "4 hands and 1 window" post)

* You can't "over-trade"

- RSI exhaust = trade in one direction over, trade in opposite direction start!

* You can "bottom-fish"

- RSI exhaust in "oversold" zone!

* You can FINALLY stop losing and start profiting!!!!!!!!!!!!!!!

- ????????????????????? (check for yourself!)

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