Wednesday, October 22, 2014

RSI trading chart indicator

Sometime there as a problem with using the RSI in this manner is that in a strong uptrend the RSI will typically use forty as a support level.  And when price is in a strong downtrend, the RSI will use sixty as a resistance level.  many traders talk about using the RSI with those new parameters to identify some of those opportunities as they approach supply and demand levels. This is a good time to go long or short in a stock trade.
The best information traders can take from this is to understand there are more then one way to think trading the stock markets. Traders can keep an look on the news and normal trend analysis and sell near the low and buy near the high at support and resistance. Traders can watch the reality of how they make money buying and selling stocks.  Traders need to learn how to trade. many times you would start to think different because we all want to buy at low prices and sell at retail prices in every part of your trading. That is actually  how you need to think about the trading markets because the truth is, there is no difference between the proper buying and selling action you take when trading and the proper buying and selling action you take when buying and selling most of the different stocks.
RSI trading chart indicator