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Day Trading
  RSI Rollercoaster




www.bkforexadvisors.com
RSI Rollercoaster Recipe




          1 hour chart
   RSI standard setting of 14
Let RSI drop 30 or rise above 70
RR Long Trade

  RSI closes <30
       Then
    Closes > 30
Go Long at market
stop @ 50 target 33
RR Short Trade

  RSI closes > 70
       Then
    Closes < 70
Go Short at market
stop @ 50 target 33
RSI Rollercostaaaahhhhhh …..
That’s The Standard RSI Set Up
But You Can Be a Bit More Nuanced
You Don’t Need to Wait Until <70
You Can Trade The Change in Delta

               i.e.
            RSI =71
         Then RSI =75
  Then RSI =73 (GO Short Here!)
Questions
Questions
One Key Thing to Remember
     Examples are for GBP/USD
But Different Pairs Have Different Vol.
  My Suggestion for Stops/Limits

          GBP/USD = 50/33
          EUR/USD = 40/25
          AUD/USD = 40/25
          USD/JPY = 30/20
Questions

               Last Thing to Remember
RSI Rollercoaster Will Fail Miserably in Strong Trending
                         Market
So Its Best To Trade Portfolio
Approach To Dampen Drawdown

          GBP/USD
          EUR/USD
          AUD/USD
          USD/JPY
Rsi explained

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Rsi explained