Wait for hourly bounce to reach 60 RSI and start scaling into a SHORT. Continue scaling in while/if it keeps pushing to 70 RSI.
Close when Hourly RSI breaks below 30 again. Rinse and repeat.
Close when Hourly RSI breaks below 30 again. Rinse and repeat.
Note
Unfortunately clicking the play button only updates the price, not the RSI indicator. As you can see below, the hourly RSI reached 60 RSI and continued to push to 68ish. I started scaling into a short when we reached 60 RSI. Will close when we reach 30 or below RSI. Note
Hourly RSI Reached 28. Short CLOSED for now. Entry: 8710 Average
Exit: 8310
Will Reshort when hourly RSI bounce reached 60 RSI. Continue to scale til/if we reach 70 RSI hourly.
Note
Started scaling into a short at 60 hourly RSI and continued til we reached 68. SHORT Open.Entry Average: 9355
Note
Correction: Entry Average is 8355 not 9355. Will update on position exit
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.