Post
Topic
Board Trading Discussion
Re: What is your trading strategy?
by
BobTrade
on 03/09/2018, 11:07:58 UTC
First of all I'm checking the Relative Strenght Index (RSI) to understand when a movement, both bullish and bearish, is close to its conclusion: a RSI < 15, reasonably, tells us this thing. I'm checking RSI at 1 day of timeframe since lesser timeframes contain noises that could be, and are very often, investor traps. Then, at the same timeframe, I check the Bollinger Bands to have further confirmation of the moviment conclusion: when the candles hit the upper Bollinger often there is a price reversal, and at same time when the candles hit the bottom Bollinger. Then, always at same timeframe, I check the %B index, to check if we are in a situation of "overbought" or "oversold": often there's a price reversal at this 2 points.