Tuesday, September 30, 2014

Simple system using the 50% level on a 14 Length RSI

Hello all, here's a video that I just made showing you an ultra simplistic system using a standard 14 length RSI and getting long or short triggers when price tags or gets very close to the 50% level on the RSI.  Your trigger is taking back at least 50% or more of the previous candle similar to the method Steve shows in his tutorials. Anyway it's pretty simple, but figured I'd share it with you guys. This method works with any stock, seems to work best on the daily time frames per my observations.

CLICK HERE to watch the video

enjoy the rest of your day


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