1. Day Trading
RSI Rollercoaster
www.bkforexadvisors.com

2. RSI Rollercoaster Recipe
1 hour chart
RSI standard setting of 14
Let RSI drop 30 or rise above 70

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

4. RR Short Trade
RSI closes > 70
Then
Closes < 70
Go Short at market
stop @ 50 target 33

5. RSI Rollercostaaaahhhhhh …..

6. That’s The Standard RSI Set Up

7. But You Can Be a Bit More Nuanced

8. 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!)

9. Questions

10. Questions

11. 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

12. Questions
Last Thing to Remember
RSI Rollercoaster Will Fail Miserably in Strong Trending
Market

13. So Its Best To Trade Portfolio
Approach To Dampen Drawdown
GBP/USD
EUR/USD
AUD/USD
USD/JPY