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chartist2004 · 03-10-2004, 10:27

Jetheat,

The stochastics pop may be similiar. The RSI technique I explained were formulated by Andrew cardwell, who has spent many years analyzing and fine tuning the RSI .

Two recent books discuss some of his ideas:
C Brown: T.A. for the trading professional, and,
John Hayden: RSI: The complete guide.

It has been my experience that the big money is made in trending markets, so buying when the RSI first reaches extreme zones (65 or 70 or whatever) makes sense. This does challenge conventional wisdom of 'overbought' and 'oversold' RSI.

I am looking for more ideas on using the RSI.

03-10-2004, 10:27	#6
chartist2004 level 1 Join Date: Oct 2004 Posts: 12 Downloads: 0 Uploads: 0 Rep Power: 0	Jetheat, The stochastics pop may be similiar. The RSI technique I explained were formulated by Andrew cardwell, who has spent many years analyzing and fine tuning the RSI . Two recent books discuss some of his ideas: C Brown: T.A. for the trading professional, and, John Hayden: RSI: The complete guide. It has been my experience that the big money is made in trending markets, so buying when the RSI first reaches extreme zones (65 or 70 or whatever) makes sense. This does challenge conventional wisdom of 'overbought' and 'oversold' RSI. I am looking for more ideas on using the RSI.