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Day Trading – Modified RSI Indicator Visit MarketGeeks.com
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Modified RSI Indicator Demonstrated Few Weeks Ago Works With Stocks, Futures And Forex Solid Indicator Avoids Most Market Noise
Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
Look For Trending Markets
Change RSI Look Back Period From 14 To 10 Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
RSI Jumps Above 80
Use 15 Minute Bar Charts For This Strategy Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
Enter At Closing Of 15 Minute Bar
Exit MOC (Market on Close) Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
IBM Long Example
Range Bound Market Conditions Work Well Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
Most Set Ups Occur Near The Opening
Begin Monitoring The Stock Before The Open Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
Resist Taking Profits Early
Always Wait Till The Close To Exit Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
Always Go With The Main Trend
Make Sure The Market Has Strong Volatility Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
Wait Till Signal Bar Is Formed Before Entry
Market Orders Are Executed Instantly So There’s No Need To Rush Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Resist Exiting Position Before Closing Bell
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Stop Loss Placement Long Position Place Stop Loss $.05 Below Entry Bar Short Position Place Buy Stop $.05 Above Entry Bar
Copyright Š 2007-2013 Market Geeks, LLC. All Rights Reserved.
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