You are Using the RSI Indicator WRONG! (RSI Trading Strategy Secrets REVEALED)
Many new traders use the Relative Strength Index (RSI) to determine overbought or oversold levels. This is wrong as RSI is a momentum indicator. In fact, using it on its own as a trading strategy is not going to help you maximize your profits. This video will help you understand exactly how to use the RSI indicator effectively.
00:00 How you are using RSI incorrectly
00:40 What is the Relative Strength Index (RSI)
01:18 Biggest Mistake When Using RSI
02:59 What is Regular (Classic) Divergence
05:25 Strategy to Trade Classic (Regular) Divergence
09:09 What is Hidden Divergence on the RSI
13:49 Tip #1 - Change the Source for More Accurate Readings
14:59 Tip #2 - How To Remove the Overbought and Oversold Settings
16:19 Divergence Tool on TradingView to Help Spot Divergences
#technicalanalysis #rsiindicator #rsirtradingstrategy #cryptotradingstrategies #daytrading #forextrading #bybit
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The BIGGEST Mistake Traders Make Using Relative Strength Index (RSI) | Explained for BEGINNERS #shorts - • The BIGGEST Mistake Tr...
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Пікірлер: 873
Dude, I watched the market for hours yesterday just to confirm this whole video and i was mind blown by how simple it was..
@owenoliver5193
4 ай бұрын
This is awesome Allen thanks for confirmation 👍💯
@codycreamer5531
4 ай бұрын
I want to learn before I burn money.
@catherineabert211
4 ай бұрын
Bro if you have, position sizing (money management ),trade management......without this you going to loss lots....money
@kelleybabphavong7628
4 ай бұрын
Good..... but the problem with this strategy is you never know which is liquidity raid and BOS if we identify currently then its is best strategyGood..... but the problem with this strategy is you never know which is liquidity raid and BOS if we identify currently then its is best strategy
@chelseacarney9251
4 ай бұрын
What pairs where you using! because have watch several KZread tutorial videos about trading I am still making losses
I sold a couple of homes in the Tampa area for pretty good cash and I'm thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it's a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I'd love to know how
@caroamira
Жыл бұрын
look at it this way, while some folks are waiting to make minimal profits when stocks recover, some others folks already know where to look and what to do to make hefty gains in these times, so yea, it all boils down to knowledge to risk mltigation.
@logisticsdelivery
Жыл бұрын
@@caroamira True, I was in dilemma myself due to this chaotic mrkt, wasn't sure if to sell or just wait a little longer, 75% of my portfolo was tanking and in the red and the economy isn’t looking promising, but I began gaiinng clarity and have more confidence in my invt through an lnvt-advlser, I know most DlY-lnvestor like me would say advlsors aren't essential, but come to think of it, they're better trained and equipped at this and if I have to give just a little amt in fees for me to be able to net $650K in less than 8months like I did this year, I truly don't mind
@victorcardi2019
Жыл бұрын
@@logisticsdelivery Omg 650K this year? that’s neat, I was actually reading an articles this morning on Bloomberg about technquees to gain in this dip, but I’m just a noob so i don't understand most of it, who is this advlser that guides you, I’m having serious troubles with my portfolio
@logisticsdelivery
Жыл бұрын
@@victorcardi2019 Susan Lorraine Curry is actuaIIy the one that guides me, she’s a hlghIy-sought out advlser, so I’m not certain she’s acceptlng new intakes, but you can give it a shot. It wouldn’t be proper to just Ieave her number Iying around, but she has a webpage you can look at if you googIe her name
@palmpay1855
Жыл бұрын
@@logisticsdelivery I did check her out, I see why you said she's probably booked up, her creds/resumé is topnotch. I booked a consultation with her regardless
The fact is that BTC symbolises the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal;
@Precious24802
Жыл бұрын
I've been thinking of going that route, been holding a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think your coach could aid me with portfolio-restructuring?
@Precious24802
Жыл бұрын
@Julie Banns Thank vou for sharing; I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes.
Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
@Joelgarcia47
Жыл бұрын
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Katrina susan, she is my current trader and her strategies are working
@JamesRandle5
Жыл бұрын
I'm amazed you mentioned katrina susan, she is the best and her strategies works like magic. I've been making over 80% of my investment weekly since I started investing with her trading service
@anitalawrence2668
Жыл бұрын
This is not the first time i am hearing of Katrina susan and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but i have no idea how to reach her
@Joelgarcia47
Жыл бұрын
You can reach her through TE LE GRAM
@Joelgarcia47
Жыл бұрын
You can reach her through TE LE
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
@stellaadams593
Жыл бұрын
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
@kollykolly
Жыл бұрын
@@stellaadams593 in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multifaceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
@kollykolly
Жыл бұрын
@@davidjackson4437 I invest with CLAUDIA TRINIDAD RIVAS a widely known consultant. You can make a quick internet research with her name mentioned where you can easily get in touch..
@brendazvandasara
Жыл бұрын
@@kollykolly I’m delighted to engage in this opportunity, I just found the professional’s web page and have already written her.
@Apprenticeofhermes
Жыл бұрын
I would recommend you learn one simple strategy that works for you. Backtest . Do not let the media distract you with other indicators if one strategy works for you. If it isn’t broken why fix it. Unless you searching for the one that fits your style. On that you like. - Utilize risk management. Put your savings in a trading account and start making another stream of income there. But risk management most importantly should be your main concern to master since you would have a nice amount of capital the market could try and eat away at… if you do not pick up trading as a scholar then don’t even put that money in there. Better off buying meta stocks or Uranium even more better off to use that capital to start a business so you can get more returns on taxes with the LLC
Investments are a way of providing funds for the generation of future income or profits. Investing allows individuals to put money aside while they go about their daily business, let the funds work for them, and earn income for their work in the future. It is important to invest wisely, make informed decisions and carefully weigh the risks and potential rewards associated with each investment opportunity.
@H_lucas
11 ай бұрын
I don't have to brag or talk much, but anyone who knows me can testify for me. I had very little in my bank when I met Sherman Williams Trading. I started investing with just $4,000 and he made me $26,500 in profit in just 15 days. That alone has given me more confidence and confidence which has prompted me to reinvest with more and now I'm earning weekly.
@kk_G2
11 ай бұрын
You may never know the value of that dollar until you go bankrupt. The bad experience I had last year really made me feel that there needs to be more financial literacy and education in our programs in schools. It's never enough to have a good job, a high salary, and all the luxuries at your disposal. But saving money and investing wisely is never a bad idea. I learned how to invest, no matter how small, and I still benefit from it to this day. Thank you Sherman Williams Trading ...
@M_Harry2
11 ай бұрын
@@kk_G2 Investing is a stepping stone to success, especially under the guidance of professionals. Is Sherman Williams Trading that good? ? >
@Smith.ash2
11 ай бұрын
> It truly amazes me how I went from living an average life to earning $48,500 every week. all thanks to Sherman Williams Trading.. I don't know how he does it but he definitely makes it possible, I believe in him..
@Aless.D
11 ай бұрын
Sherman Williams Trading is really something else, its strategies and its seriousness brought him so much. This isn't the first time I've seen evidence of his good deeds and I'm sure it won't be the last. For such good people, we owe them our prayers and support.
Every time the RSI in your example peaked, price action went back down. Which happens almost all the time. I'm still gonna use it the way you said not to. It's just as reliable as any other strategy
Very well explained. I watched pretty much all rsi videos on KZread and you're the only one to mention all the secrets in one video. Thank you
Your discussion was very important for learning. I learned a lot of things that I didn't know before. It will definitely improve my trading strategy. Thank you very much.
This is the best video ever watched on RSI. Divergence made simple so grateful
I cannot thank you enough for the specified details. Truly helpful.
I’m new in this world your videos are diamonds in the dirt. Complete, clear, helpfull. We need more videos pls!
You need more people following you. Count me in, this information is amazing. Keep it up brother, you're greatly appreciated.
Thank you sir for sharing such great knowledge. I was using RSI with defaults and making assumptions on my own..
This is quite possibly the clearest and best explanation of Classic RSI Divergence and Hidden RSI Divergence I have seen. Thank you so much!
@bybitlearnofficial
Жыл бұрын
Glad it was helpful!
@Eric-jk3oi
Жыл бұрын
take some adderall. thats all it takes. just make sure you spend the time trading and not jacking off to porn for 8hrs. edging the entire time finding the perfect video to bust. sure after hrs of edging. its gonna feel amazing when you bust... but the Adderall is for making money not busting loads." - Warren Buffett
@rozsadnymarek5988
Жыл бұрын
@@bybitlearnofficial It's always nice to listen to an expert who makes money by recommending a broker rather than trading himself 🙂
@nasirshan2427
11 ай бұрын
@@bybitlearnofficialWhat's name of expert speaker
Great job. Clear messaging and a very important indicator that small investors will hopefully start using correctly.
Well done, buddy! Great video lesson for every beginner trader👓
I came here to get an idea of how to trade utilizing A.I trading bots after hearing a guy on a podcast talk about the importance of A.I bots in trading and how he made $360,000 in 6 months from $50,000. This video has helped to clarify a few things for me, but I'm still puzzled, I'm a rookie, and I'm open to suggestions.
@MatthewVinson
Жыл бұрын
Investing in stocks is a good idea, a good trading system would allow you to spend many successful days.
@TruckeeFam
Жыл бұрын
I've been on both ends of the spectrum, invested on my own for about 3 years, did my own research and analysis before trading, things got pretty tough after the pandemic, just when I was looking for a Investment Advisor for Orientation, it's been over 2 years and I've grown a stagnant reserve from $80,000 to $700,000 in just 24 months.
@Americanpatriot723
Жыл бұрын
@@TruckeeFam Interesting. I have a lump sum that does absolutely nothing to my bank account, I want to start something with that. You seem to be doing very well, how do you achieve this?
@TruckeeFam
Жыл бұрын
When "LISA ELLEN SHAW" is trading live there’s no BS or excuses. She wins the tràde you win. You take the loss I promise she’s taking one with you. Having her guide ME through a trade was the breakthrough I needed when it came to managing emotions while holding a position. She's a google-able person, so it shouldn't be hard to find her official webpage as she is prominent.
@Americanpatriot723
Жыл бұрын
@@TruckeeFam She really seem to know her stuff, i saw her educational background and qualifications on her website after looking her up, I wrote her a message detailing my experience & goals, hopefully she responds soon. Thanks for sharing.
Thank you for this video. Other than over bought or over sold at the extremes, I never fully grasped RSI. This cleared things up tremendously!
Excellent stuff, my friend. You've just convinced me to dim the overbought/oversold lines. I'm still not confident enough to turn them off completely haha. It's like a security blanket.
Great explanation, the best of all I have seen until now. Thank you verte much.
This might be the best lesson on how to actually use the RSI that I've seen all year.
Best video on RSI I've seen (and I've watched a bunch). Thx.
Don't stop learning new things on this channel... Just the best place for every guy who wants to be a trader
Absolutely perfect video. Thank you so much!!
Foi uma ótima aula professor 🤝
Very good and clear expleination. You can be a very good teacher
A lot of thanks. Frankly speaking, I am not good at English. But I tried to watch the video and well understand the content. It's of great value to me.
bro nice job thx for the video i didnt see anyone to explain like you. the only confusing thing is i didnt get the point of why did you set the source as ohlc4 instead of close. i think the default one is the better.
this info about trading is literally lifesaving!I hope many people changed their lives after it
Powerful knowledge 💥🎯thank you so much 🙏👍
Best video on RSI, Thanks for the knowledge
Beautiful Value Added Video on RSI, Thanks a million
Amazing explanation, bro. Ty
Great video. I learned a lot.
Thank you very much for your video!
Subscribed - excellent video, keep it up
@bybitlearnofficial
Жыл бұрын
Thanks, you are appreciated!
thanks for this, a very very very good explanation
Great video. Thanks!
Nice! I like it how you explain it 👌
thankyou for sharing it is very useful i am still learning in the Nusantara fx commmunity class
Great topic, thanks 👍
Thank you its valuable addition to knowledge in much simple way
@bybitlearnofficial
Жыл бұрын
Glad to help!
Thats pretty good. I will make some new studies about it. Thanks!
Thank you, insightful!
This vid take my trading strategies to new level. Thanks for sharing🎉🎉🎉🎉🎉🎉🎉🎉🎉
@bybitlearnofficial
Жыл бұрын
Fantastic!
Wonderful, thanks Sir
Não conhecia estes detalhes do indicador. Muito bom e vou procurar no profit
Great Video man, one question, is this method valid for smaller caps where there may be less hedge funds, banks, big finance companies, etc? I am not doing well, all my trades slaps me in the face.
@djamila1332
Жыл бұрын
Lol, slaps you in the face haha that's funny, Your problem could be that your stop loss is way too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone.
@MaryBenedict1155
Жыл бұрын
Honestly I liked this comment because it made me laugh 😂but seriously in the end it comes down to experience, you can keep trying different things until you find the one that works or you can find someone to guide you.
@JoaoGoncalves-tu8uu
Жыл бұрын
What TF do you like to trade? Some guys love the 5 min while others think it's too unpredictable and prefer 4 hr or Daily. Whatever. So if it's the 1 hr. then you need to know what the next TF above it is doing (trending up or down in the near future: very important). Now draw a diagonal trend line...don't ask, figure it out, it's simple. Next, is it overbought or oversold? This is directly related to the trend line. This is when you buy or sell and the simplified version of what you need to work on asap or you're done.
@donald.jacoby.94
Жыл бұрын
What you need is enlightenment, read more books on the subject, Have you tried Bitcoin trading? Trading with the right strategy for example is all you need trust me.
@mariavarenchik1159
Жыл бұрын
@@donald.jacoby.94 How good is your Bitcoin trading strategy?
Good job!! I've been using divergence since 1994!
very very useful thank you very much..
Amezing explanation ❤
This is such an amazing insight to RSI - thank you so much for the time you have put into making this... I would like to ask if Im reviwing a 5 min chart and find a divergence would I then go to the 1 min chart to execute the trade as an advantage or to the 15 min chart for an advantage?
@hectorvega8101
4 ай бұрын
Yea, try the 2 min as well on it
Excellent Explanation of Divergence! I also use this technique. ✌😎
@bybitlearnofficial
Жыл бұрын
Excellent! Feel free to share how you use it and on what time frames for the community.
Every beginner needs to be your sub. It helps a lot in this business)
Great video is there a particular time frame that is preferred for divergence trading?
Really helpful, thanks
@user-ts4gf3ob6e
Жыл бұрын
,
@user-ts4gf3ob6e
Жыл бұрын
,
Excellent video
Great video on RSI, thank you
@bybitlearnofficial
Жыл бұрын
Thank you, glad you enjoyed it!
Amazing explanation... 🎉🎉🎉❤❤
Clear explanation! Thank you.
@franciavioletaestacio8921
Жыл бұрын
Already subscribed 🙂
@bybitlearnofficial
Жыл бұрын
Glad it was helpful!
This is great expo! More of this!!
@bybitlearnofficial
Жыл бұрын
We do have more videos planned. Thank you for joining.
Thank you sir very good knowledge of RSI .God bless you
Thank you great video
Thank you very much for the best explanation ever
@bybitlearnofficial
Жыл бұрын
You are welcome....glad you liked it!
Wao... very informative.... thank you Boss
Great job. Spot on information
@bybitlearnofficial
Жыл бұрын
Glad you enjoyed it
Amazing explanation
Thanks you for these informations sir
Tqs For Your Secret Strategy 👍
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multimillionaire. I wish anyone who reads, be a person in successful in life.....??
@Matthew0266
Жыл бұрын
How long does it take to learn and make money after you get going? I might like to try it out in the future. Maybe I still kinda hesitate about it because I don't know all the ends and outs, pros and cons.
@SarahColemann
Жыл бұрын
Most people think, investing in cypto is all about buying coins and leaving it to rise, common it takes much analysis to be a successful cypto tràder
@Clarissa210
Жыл бұрын
@@SarahColemann That's true trding with an exprt is the best strategy for newbies and busy investors who have little or no time to monitor trde.. I will advise you not to start tràding on your own it's very risky, seek advice of a professiõnal trder.
@Scarlett_Wright
Жыл бұрын
Investing in stock and cypto is a good idea, a good trding system would put you through many days of success
@jacobkhan6639
Жыл бұрын
@Jarvis's Having monitored my portfolio performnce which has made a jaw dropping $200k from just the past two quarters alone.I have learned why experienced trader's make more success in the market from Stacy Garric
Best explanation it help me a lot thank you
@bybitlearnofficial
Жыл бұрын
Glad to hear you found it useful!
This tricks with MACD really impressive! I didn't know about it😃
YES i do agree the best explanation i have seen you are good
@bybitlearnofficial
Жыл бұрын
Thank you for the kind words.
Thank you so much.
great video! thank you
@bybitlearnofficial
Жыл бұрын
Glad you liked it!
Great knowledge Sir about the RSI indicator....please please circulate on deeply secrets on RSI divergence all types
@bybitlearnofficial
Жыл бұрын
Well, you're looking at 4 different types of RSI divergence: *Bullish Classic *Bearish Classic *Bullish Hidden *Bearish Hidden They were described in the video.
hi,good work,thanks.
great vid! thanks a lot
@bybitlearnofficial
Жыл бұрын
Glad you liked it!
brilliant. thank you
Great education..if you look at HON today I can see the RSI divergence..Higher Low
Superb, thanks a lot
@bybitlearnofficial
Жыл бұрын
You're welcome!
Thank you so much
thanks for sharing, I'm a beginner who joined the nfc community.
Fantastic. Key to Winning Trade.
@bybitlearnofficial
Жыл бұрын
Thank you for your comments!
Love the soldier-general narrative
I love your trading ideas
this was very helpful
@bybitlearnofficial
Жыл бұрын
great to hear...thx!
Thank U sir for your video
depending on the market conditions. RSI can be the best indicator it can also be one of the worst as it can get stuck in over bought or oversold positions while the trend continues. i like the concept of trade it when it comes back out of this area. It can still be dangerous. With a strong uptrend. a pullback could trigger this exact situation and you get in just as it's ending. Other confirmation is needed. Personally i use the RSI on an over 50, under 50 mentality. and direction of RSI matters. So if it's over 50 i'm leaning buy. but i don't want to see it coming down if i have a buy bias. i am looking for the reversal back on trend. I also have it set to 24 Of note. i also set the MACD to 20 and 50. Those who know about trading will understand the importance of this particular X.
@MPlain
6 ай бұрын
@@slowboycapital I have no idicators on my chart now. Just a few MAs. Volume. This keep it simple approach has me batting over 90%.
@hectorvega8101
4 ай бұрын
@MPlain do you run a discord?
Thanks so much
Fascinating but I'm having trouble finding some examples of this on my own.
Great sir learning
Hi Sir, which Timeframe you suggest for this strategy?
send my love vibes to Michaelthanks for all your work🎄
Great explanation, could you tell me how to setup alerts with the divergence strategy on tradingview ?
@bybitlearnofficial
Жыл бұрын
You have a couple of options. One option would be to set up based on RSI divergence and that might require a custom indicator. Then, you'd have to wait or set up another set of alerts for price action to trigger a breakout.
what a great knpwlegde for me as newbie in this trading. thank you very much.
@bybitlearnofficial
Жыл бұрын
Most welcome!
Thank you bro
Just fantastic 🎉
It's good to mention what software you are using because MT4 doesn't have this bands you are talking about or the background, I have only the levels and the period