John Hayden – RSI. The Complete Guide

The book enables the trading community to learn how to use RSI, a mainstream technical indicator which is in virtually every technical analysis software package. When a market is oversold or overbought, the best price to enter or exit a trade is determined by the Relative Strength Index. It can be used to determine key price levels of support and resistance. It is impossible to discuss and present all of the knowledge that has surfaced since RSI was introduced in 1978 and all of the accumulated experience and wisdom that has been gained in using it; at the end of studying this short book, you will know how to use it to determine: 1. The current trend is 2. The best entry and exit prices for a trade. There are price levels where the market will likely end. Basic Price Retracement Theory and Momentum Discrepancy Reversal Points are included. What is the meaning of the term frame. How to determine the dominant market time frame. A different time frame is negating or overpowering the present time frame. How to determine upside or downside price objectives. Section I – preparation and understanding is the key to success. There is an Overview 2. RSI Math 3. Price behavior 4. The market place has a real nature. Price behavior 6. There is a basic retracement theory. Section I is about using the RSI to trade. The conventional RSI use is 2. The RSI is used by a professional. RSI 4 is used for trend determination. The truth about Divergence 5. There are 6 points for Momentum Discrepancy Reversal. There are 7 points used for trend direction. There is a relationship between price and RSI. There are valid support and resistance price levels. A Longer Time Frame Just Jumped in My Puddle! Conclusion.

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