Wow, it was a reversal day for the ages! And a perfect session to revisit how to use the Relative Strength Index (RSI) to better time your dip buy, if that's your sort of thing.
RSI (Length 3, Upper 84, Lower 16)
What a fantastic week for range trading!
Today, on a very red Friday session, we had the perfect Extreme Turn Buy signal. Let's break it down.
Note: The Extreme Turn Signal featured in this video is generated from a custom, hybrid indicator, build with love and passion, from my team here at the tradersdevGROUP ("TDG" among friends). But you can recreate the...
Yesterday my trading partner Jason Graystone shared a potential buying opportunity on the USDJPY. Today what I wanted to do is revisit that idea and talk about how we can go about building a better case for entry or at least provide different options so that traders of different styles can get involved as well.
Akil