I totally agree with what said about RSI. But I made an interesting observation. 1. Identify an uptrend. Higher highs and higher lows. 2. Wait for a pullback. 3. If RSI reaches oversold level it's a long signal. 4. RSI levels are 80 and 20. 5. Works the opposite in a downtrend The target is the previous high. The S/L is not (!) a swing point or or support level but simply derived from the target to get a 1:1.5 or 1:2 RRR. What you prefer. If your previous high is 20 pips away set your S/L 10 pips below your entry as an example. This approach does not generate many signals, therefore you need more than 2-3 charts open. Furthermore you should take into account the behaviour of the RSI and skip obvious false signals, look for the trend and pullback first.
This video came right on time as i am in the process of optimizing the MACD strategy to take a propfirm challenge the only thing different is i add the RSI and put a level of 50 on it. 15mins for trend direction, 5 min conformation and 1 min entry 1:3. And indeed missed trades are monitored on the 5min with the FiB. 🔥
@@manishagrawal9930 okay if you go back to the first video posted on the account where he tested the macd 100 times you will see the entry model there. So in other words if the 15min is below the 200 ema, Macd cross from high to low and the rsi crosses the 50 level. I drop down to the 5min and wait for the same thing to happen and then i go to the 1 min and look for the same pattern with a 5pip stop min and max 10. I hope i explained it in a way that you understand. If you have any more questions please ask and i will try as best to answer it for you.
It's good to see another video from this channel after so long hahaha
This video has so much information I have to replay it five times.
I totally agree with what said about RSI. But I made an interesting observation.
1. Identify an uptrend. Higher highs and higher lows.
2. Wait for a pullback.
3. If RSI reaches oversold level it's a long signal.
4. RSI levels are 80 and 20.
5. Works the opposite in a downtrend
The target is the previous high. The S/L is not (!) a swing point or or support level but simply derived from the target to get a 1:1.5 or 1:2 RRR. What you prefer. If your previous high is 20 pips away set your S/L 10 pips below your entry as an example.
This approach does not generate many signals, therefore you need more than 2-3 charts open. Furthermore you should take into account the behaviour of the RSI and skip obvious false signals, look for the trend and pullback first.
This video came right on time as i am in the process of optimizing the MACD strategy to take a propfirm challenge the only thing different is i add the RSI and put a level of 50 on it. 15mins for trend direction, 5 min conformation and 1 min entry 1:3. And indeed missed trades are monitored on the 5min with the FiB. 🔥
If you don't mind may I ask what do you use for confirmation?
@@manishagrawal9930 okay if you go back to the first video posted on the account where he tested the macd 100 times you will see the entry model there. So in other words if the 15min is below the 200 ema, Macd cross from high to low and the rsi crosses the 50 level. I drop down to the 5min and wait for the same thing to happen and then i go to the 1 min and look for the same pattern with a 5pip stop min and max 10. I hope i explained it in a way that you understand. If you have any more questions please ask and i will try as best to answer it for you.
I miss the original trading rush voice 😢😂😂
very good point 👍😎
Was the best
Ditto.
Missed you my friend. I look forward to seeing these tips
Such nice video and especially funny! The animation is nothing like we see 😀😀😀 I loved it!
Tip 2: how do you know it´s the swing low? Any low could be "the low" or just "any low".
Missed you brother
just like the account balance 😭 ! I feel targeted
Damn... its cold outside. I turned my heat up
This video 🔥🔥🔥
Please do a video on smart money concept (SMC) 🙏
doesn't exist.
Some people claim the strategy gives over 80% win rate@@Agresivul
Please test rubber band stratagy
👌
0:03 where do you have to come from to pronounce browser that way?
Australia