How to use RSI indicator in 30 minutes time frame ? - Page 15
Page 15 of 15 FirstFirst ... 51112131415
Results 141 to 148 of 148

Thread: How to use RSI indicator in 30 minutes time frame ?

  1. #1
    Rookie
    Join Date
    Sep 2013
    Location
    Pakistan
    Posts
    698
    Promo (¢)
    0
    Thumbs Up
    Received: 25
    Given: 141

    Cool How to use RSI indicator in 30 minutes time frame ?

    Attachment 17441

    In this thread I am going to show the power strength of indicator RSI. I am using this trading strategy and it is really giving me good benefit in the forex business. You can also use this indicator to get the good market direction.

    Use of this indicator:

    After opening the meta trader 4 just open 30 minutes chart then from the indicators lists on the top of the tab just select the RSI indicator after clicking the ok button this will added in yours meta trader 4.

    How to get advantage from this :

    Simply follow the one rule when the indicator is on the 70 then you must start planning to sell trade in the market, and when the indicators is on 30 then you must get ready to open the buy trade.

    This is really very good trading strategy and I am sure you will start earning big money by this way of trading.

    Not allowed!

  2. #141
    Registered user
    Join Date
    Dec 2013
    Posts
    15,178
    Promo (¢)
    3,810
    Thumbs Up
    Received: 118
    Given: 121
    Quote Originally Posted by alizahid View Post
    Everything is in front of us so if we want to take decision based on them we will take them and if we want success we work harder and will do our best to apply own learning in best way trading with good management and with good system is useful and will give trader always a better ideas for performance so we are freely chose our way in trading and will applied for getting success .
    The mind tricks us sometime and prevent us from making the right market decisions so we end in losses and fail in the market. But we need to learn and know that making money takes times. So, that we can have the right mindset of how the business works and be able to succeed thereafter. RSI is not a bad indicator but using it on the little time frame makes it work less.

    Not allowed!

  3. #142
    Rookie
    Join Date
    Jun 2017
    Posts
    660
    Promo (¢)
    5,520
    Thumbs Up
    Received: 19
    Given: 1
    Quote Originally Posted by cutiekc View Post
    The mind tricks us sometime and prevent us from making the right market decisions so we end in losses and fail in the market. But we need to learn and know that making money takes times. So, that we can have the right mindset of how the business works and be able to succeed thereafter. RSI is not a bad indicator but using it on the little time frame makes it work less.
    Yeah when we are use the lower time frame in our trading then we cannot make any profit from this business because any strategy is work good with higher time frame. If we are use the higher time frame with rsi indicator then our trading accuracy is high and in this way we can make easily high profit from this market easily.

    Not allowed!

  4. #143
    Registered user
    Join Date
    Mar 2018
    Posts
    383
    Promo (¢)
    2,790
    Thumbs Up
    Received: 0
    Given: 0
    Quote Originally Posted by cutiekc View Post
    The mind tricks us sometime and prevent us from making the right market decisions so we end in losses and fail in the market. But we need to learn and know that making money takes times. So, that we can have the right mindset of how the business works and be able to succeed thereafter. RSI is not a bad indicator but using it on the little time frame makes it work less.
    When we learn from the forex, we should not let our learning to be in vain, we have to find the way to use the things which we learn to bring the income we need from the forex field. When we have learned, we should not go against it, that is what will prevent us from making right decisions. When our mind overtake your strategy, it makes us lose.

    Not allowed!

  5. #144
    Registered user
    Join Date
    Sep 2017
    Posts
    1,712
    Promo (¢)
    4,815
    Thumbs Up
    Received: 5
    Given: 0
    Quote Originally Posted by biru View Post
    Yeah when we are use the lower time frame in our trading then we cannot make any profit from this business because any strategy is work good with higher time frame. If we are use the higher time frame with rsi indicator then our trading accuracy is high and in this way we can make easily high profit from this market easily.
    Rsi specially working better on higher time frame it is not like the moving average because our basic purpose is to find the overbought and oversold area from it so that will be the best way in trading and with properly learning and management we will became a good trader that will get success here we have to put our efforts in right way and with management better we have more clear direction about market .

    Not allowed!

  6. #145
    Rookie Obaforex's Avatar
    Join Date
    May 2017
    Posts
    1,704
    Promo (¢)
    1,780
    Thumbs Up
    Received: 11
    Given: 3
    The RSI is a very good forex trading indicator and it hardly goes beyond the 70 and 30 levels, so as such when the indicator reaches this level we can safely assume price to be at extreme levels, but its important to take note of market context when doing this because this strategy will only work when the strength of both currency in the pair are almost equal, when one currency is extremely stronger than the other then this level may just confirm that the pair is trending strongly and may not reverse soon, unless it hits a strong support or resistance.

    Not allowed!

  7. #146
    Registered user
    Join Date
    Aug 2013
    Posts
    7,938
    Promo (¢)
    5,775
    Thumbs Up
    Received: 43
    Given: 38
    RSI i a good indicator and can be added to any strategy and give signals of trading that the trader can follow, but i prefer to add it to another tools and avoid trading with it alone because it is a lagging indicator and its signals is not always accurate and many signals will be wrong and so this can lead to loses, so you can combine it with moving average and candlesticks to get better signals.

    Not allowed!

  8. #147
    Rookie
    Join Date
    Sep 2017
    Posts
    2,394
    Promo (¢)
    8,300
    Thumbs Up
    Received: 23
    Given: 68
    We should be able to be careful about the time frame, obviously it is an important factor in the market. The time frame that we are going to make use of will have a lot of thing to say about the amount of money we make. RSI could really be a profitable indicator but the time frame been used for it could be a problem to the trader.

    Not allowed!

  9. #148
    Registered user
    Join Date
    Dec 2013
    Posts
    15,178
    Promo (¢)
    3,810
    Thumbs Up
    Received: 118
    Given: 121
    Quote Originally Posted by biru View Post
    Yeah when we are use the lower time frame in our trading then we cannot make any profit from this business because any strategy is work good with higher time frame. If we are use the higher time frame with rsi indicator then our trading accuracy is high and in this way we can make easily high profit from this market easily.
    It just do make the analysis poor and in such a business being forex trading we ought to make sure that we are trading with the best strong form of making analysis so that we don't keep losing our money. Furthermore, forex is a business that works with patient that is the main reason why we need to make sure we are using the higher time frame.

    Not allowed!

Page 15 of 15 FirstFirst ... 51112131415

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •