RSI Formula Explained (updated) and a LIVE FAILED trade
This is just an update to the RSI Formula since some of you are still having trouble with it.
Its not as hard as it seems. Now with the oscillator scale reading ZERO at the mid line, there is no math to do.
RSI Values as follows
0-9 = 1 to 2 rr
10-19 = 1 to 3 rr
21-29 = 1 to 4 rr
30-39 = 1 to 6 rr
Dont worry too much about the last two. you want to be safer at trading with the first two.
The last two are really designed for "Trailing your take Profit"
If you have negative values on your RSI, thats fine. just do the trade in a SHORT and follow the same formula.
Watch the video for the full breakdown
Its not as hard as it seems. Now with the oscillator scale reading ZERO at the mid line, there is no math to do.
RSI Values as follows
0-9 = 1 to 2 rr
10-19 = 1 to 3 rr
21-29 = 1 to 4 rr
30-39 = 1 to 6 rr
Dont worry too much about the last two. you want to be safer at trading with the first two.
The last two are really designed for "Trailing your take Profit"
If you have negative values on your RSI, thats fine. just do the trade in a SHORT and follow the same formula.
Watch the video for the full breakdown
