RSI Trading: How To Build A Profitable Trading System Using Relative Strength Index Download Free (EPUB, PDF)
Learn Step-by-Step How To Build A Profitable Trading System Using Relative Strength Index (RSI)In this book, you’ll learn how to use Relative Strength Index (RSI) has a powerful momentum trading indicator. You’ll learn how RSI works, how it’s calculated, and exactly how to use to identify specific buy signals and sell signals at overbought/oversold levels.Plus, you’ll learn how to use advanced techniques like RSI Price Divergence andBullish/Bearish Failure Swings. Finally, you’ll learn step-by-step how to use RSI in conjunction with other indicators to build a complete trading system.Here is a preview of what you'll learn inside...Chapter 1 – IntroductionChapter 2 – RSI BasicsChapter 3 – Calculating RSIChapter 4 – Overbought and Oversold LevelsChapter 5 – Price/Oscillator DivergenceChapter 6 – Bullish Failure SwingChapter 7 – Bearish Failure SwingChapter 8 – RSI in Trending vs. Ranging MarketsChapter 9 – RSI Trend Line BreaksChapter 10 – A Word of Caution for TradersChapter 11 – Final NotesDownload your copy today!
File Size: 1639 KB
Print Length: 31 pages
Simultaneous Device Usage: Unlimited
Publication Date: October 9, 2014
Sold by: Digital Services LLC
Language: English
ASIN: B00OD3LGSK
Text-to-Speech: Enabled
X-Ray: Not Enabled
Word Wise: Enabled
Lending: Not Enabled
Enhanced Typesetting: Enabled
Best Sellers Rank: #199,491 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #63 in Kindle Store > Kindle eBooks > Business & Money > Industries > E-commerce > Online Trading #95 in Books > Business & Money > Investing > Online Trading #138 in Kindle Store > Kindle eBooks > Business & Money > Investing > Stocks
This guide has so much information packed into it, and the way it is laid out is perfect to get the most out of a complex area of market indicators. When investing their are primary and secondary factors to consider. I will definitely be putting this solidly into my secondary momentum indicator tool box. The detail is excellent when describing Relative Strength Indexes and charts that made no sense previously now are clear. It does into an area I needed insight on...breaks in trends and for this point alone I found this guide excellent. I recommend to anyone at any level as a reinforcement to basic investment stragegy.
I have studied technical analysis for two decades and yet this little book had some information I had not seen before. I will re incorporate this indicator into my trading system as I had set it aside for other indicators. In a sense, I am reviving an old standby.
If you were looking over any market technician’s shoulder there are several indicators that show up quite often; MACD, simple moving average, volume and RSI. The concept of RSI was introduced in 1978 by J. Welles Wilder Jr. who also developed other indicators like (ATR) Average True Range and (ADX) Average Directional Movement Index. Basically RSI measures a stock’s performance by comparing the strength of its price when it is up to the strength of its price when it is down. A number is generated that ranges between 0 and 100. When that number is above 70 it is considered bullish, if it is below 30 it is bearish. Most traders use the RSI by buying a stock when it hits 30 and selling when it hits 70. Wilson however strongly cautions readers not to do this with the statement that RSI is just a momentum indicator and should be used as just an indicator. In other words, Relative Strength Index is best used to identify specific buy and sell signals at overbought/oversold levels. I highly recommend Wilson's book especially for newbies!
I was happy to see the differentiation between RSI in trending markets versus range markets at the end of the book. It even talks about how to calculate RSI. The author makes it very clear that this should be used as a secondary tool and way to confirm the trend and that is important. Added it to my personal trending notes. This book was very precise. I enjoyed the text, charts, and formulas. I really feel like this was clear and concise.
It was okay but very basic. Okay overview but I would either opt to get a book on various indicators or get the introductory info on the net.And the trading system that the book describes doesn't work very well. You'd need to do more than it states but it does give you a good start on one road.
Sorry folks, this 'book' and its contents are really lacking and barely scratch the surface. It's generous to say that the topics discussed should actually be reserved for the dust jacket of a more comprehensive and well researched investigation of this powerful indicator. The items covered can be found for free online. Save your $.99
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