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Tutorial | How To Use RSI To Find Turning Points ... or NOT!Hey Speculators - Happy Friday - welcome to another video tutorial, and thanks again to the @TradingView Editors for featuring my last post, which I've linked here, and is related to the topic on hand for today. That topic is how, and when, to not fight a trend. I'd suspect many traders are familiar with the Relative Strength Indicator (RSI), used to measure overbought and oversold conditions. In this video, I discuss what I look for when using RSI to filter trade signals and identify when strong is REALLY strong. The inverse would hold true as well (you know, weak, or really WEAK), but we all know markets never go down. :) RSI Settings for this video 5 Period Upper 88 Lower 12
CME_MINI:RTYU2021Education
by RodCasilli
2
RTY +479 Ticks BullishThe RTY one hour time frame is in a large side ways movement. The market hit the bottom of the sideways range and broke the short term down trend line. The market is now in the buy zone at a high price. Entry: Counter trend line break bullish in the buy zone. STOP: 2085.1 LIMIT: 2325.00 As long as the market stays above the bottom of the range. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities.
CME_MINI:RTY1!Long
by JoshuaMartinez
2
RTY One hour breaking into buy zone.The RTY one hour time frame is in a large side ways movement. The market hit the bottom of the sideways range and broke the short term down trend line. The market is now in the buy zone at a high price. Entry: Counter trend line break bullish in the buy zone. STOP: 2085.1 LIMIT: 2325.00 As long as the market stays above the bottom of the range. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities.
CME_MINI:RTY1!Long
by JoshuaMartinez
2
Futures Levels | Look Ahead For The Week of Aug 22The VIX popped and dropped last week making the selling again a very short term event. The S&P ES1! is right back on trend after holding the 55EMA on the daily. Gold GC1! is in balance and crude CL1! continues to look like it wants lower prints. Economic Calendar Week Starting Sun, Aug 22 Monday, August 23 EU Manufacturing & Services PMI 2:15 AM CST US Manufacturing & Services PMI 8:45 AM CST Thursday, August 26 Jackson Hole Economic Symposium All Day US Preliminary GDP 7:30 AM CST Friday, August 27 US Core PCE Price Index 7:30 AM CST
NYMEX:CL1!
by RodCasilli
3
RTY Trend Change + Backtest: Bullish AugustRTY has successfully executed a linear regression crossover on the daily period (where the 14 period linear regression line crosses the 30 and confirms by also crossing the center ribbon 0.2, 14 STDV BB). RTY has also backtested the crossover without breaking through it (yet). We have an excellent entry here as well as a clear place to exit the trade if the bullish structure breaks down. Targets are the upper band at 2357 and above.
CME_MINI:RTY1!Long
by David_Warren_Ellison
Market overview mid-week update - Week 30At the moment the big question is whether the market is taking a breather, and will continue to go up? Or is it topping out and will we have a correction to the downside soon? I can find a arguments for both, so I think we need to just sit on our hands and wait till the market unveil their intensions. S&P 500 (ES mini future): Sofar the market action is panning out as expected (see See Market Outlook - week 30). not much action and forming a reversal candle. At the moment the weekly low is 4364.75 and if we are not going below that this week and also not very far above the current weekly high of 4416.75 one could consider going short next week on a break below 4364. Also the daily chart is not giving much information it's a sideways movement where intra-day losses, are retraced for the most part. Nasdaq 100 (ES mini future): Actually it's the same picture as the S&P mini futures on the weekly and if we close the week at around these levels, then next week a short may be possible when trading below current weeks low. Looking at the daily chart, it offers a little bit more clarity than the S&P daily chart, because on Monday an attempt was made to break the 20 day MA and was nicely rejected on a rebound on Tuesday. This might even suggest that the 1-4 candle correction (b/c MRI sell) on the weekly is already dealt with. But as long as we have not crossed the break-out line I'm not willing to call that yet. Dow Jones Industrial (ES mini future): It's getting boring but there is also not much difference here from Nasdaq and S&P. But since there was a starred candle last week, one could consider a long at this point, but looking at all the other indices discussed here I myself am not willing to that. Also the daily is not able to shed light on the situation and is moving sideways. Russell 2000 (ES mini): The Russell was a bit of a trouble child at the start of the week, but it is still holding the trendline drawn from last year's March lows. But as long as we are below the 20 weeks MA I don't really see a long opportunity here. And as with all the other indices nothing to tell really about the daily chart as well. As always, this is not trading advice, but only my views on the market. Please do your own research before entering any trade. Happy trading
CME_MINI:ES1!
by CoenKuijpers