RSI INDICATOR IN BINARY OPTIONS TRADING

        

         
                                        

         7 RSI TRADING STRATEGIES 

           THAT WILL BOOST YOUR

                  TRADING POWER

Here you will find seven RSI trading strategies that showcase the different facets of this powerful indicator. Before you jump in to explore the trading strategies below, make sure you understand
the basics of RSI INDICATOR.

Also, bear in mind that these trading strategies are not perfect and are unlikely to be profitable when traded mechanically.

LIST OF RSI TRADING STRATEGIES

  1. 2-Period RSI
  2. RSI with Support & Resistance Zone For Day Trading
  3. Divergence with Candlestick Patterns
  4. Trend Confirmation
  5. Failure Swing
  6. Trend Lines
  7. Range Shift

STRATEGY #1: RSI2


The 2-period RSI is the brainchild of Larry Connors. This unconventional lookback period turns the RSI into an incredible short-term timing tool.

STRATEGY #2: RSI + S/R (DAY TRADING)



If you think that trading is like hunting, you will agree that patience is a virtue. This trading method works well for the patient trader.

STRATEGY #3: RSI DIVERGENCE + CANDLESTICKS

Candlestick patterns alone are never sufficient to call a market top or bottom. You need a tool that can point you to what’s happening in the broader context.
The RSI can fulfill this role if you use it the right way – to identify price divergences.

    RULES FOR LONG

    1. Bullish divergence between 14-period RSI and price
    2. Buy with a bullish candlestick pattern

    RULES FOR SHORT

    1. Bearish RSI divergence between 14-period RSI and price
    2. Sell with a bearish candlestick pattern
    3. The earlier gap (or window in candlestick-speak) was the perfect price target.

      4. LOSING TRADE


    This is a 10-minute chart of the futures on the DAX, Germany’s blue chip stock index. It is very liquid and suited for active trading. Let’s take a closer look at this failed trade setup.
    1. Prices made a lower low not supported by the RSI; a bullish divergence.
    2. With the bullish divergence, a bullish engulfing candlestick pattern formed and we bought (as shown by the green arrow). The trade went sideways for around an hour and stopped us out. (Our stops are below the signal bar.)  
    3. Always remember and understand how used RSI INDICATOR TO STOP LOSS.      
    4. JOIN NOW RECEIVE $10000 DEMO ACCOUNT 
    5.   Good Luck!!!           

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