Try this out - IV

Sometimes we learn so much that we forget the basic diamond methods.

Here is the first, simplest and back-to-basics positional trading method especially for trading in index futures or good company stocks without fundamental issues.

This never fails, gives flood of profits but requires strong seat-belts and silent minds.

On a 6-month chart

buy when rsi(14) is at the lower extreme (20 or below, lower the better)

and hold tight till rsi reaches the upper extreme (80 or above, higher the better)

Conversely, you can short when rsi has exhausted at the top and hold tight till it reaches the lower extreme.

You will get a clean sweep.

(Those who can hold on till the rsi "exhausts" (discussed in detail in my earliest posts) can take their profits to the extreme and time the trade reversals to near perfection.)

The fillip side of this method is that

it is boring

you will have nothing to do for around 1-3 months (sometimes even more)

your itch to "do something" will test your nerves

your sense of achievement will be low as it will seem that the tremendous profits have come without your smart vibrations!