Rsi(2) levels for Intraday Trading

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Thanks this cleared my all doughts. Can i ask how to choose stock to trade for 2mrrw for this system. I mean below 5 rsi are always worth buy/sell? Or anything to be keep in mind?

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No such thing as "always" a trade. Look at Castrol, its RSI(2) stayed below 1 for a number of days. I guess if the RSI is below 5 and the prices changes to +1 day (instead of minus days), then some trade can be taken with confidence.

Somewhere EMA5 also comes in calculation, but I haven't understood that as yet.

 

[syb23411]

This is not a trading system.If you are using some strategy to trade intraday. it will assist you to confirm your strategy to enter a trade.

 

[syb23411]

There is a free scanner called Jstock. Compare the buy or sell signal it generates during market hours with the file. You will get some idea .

 

[preetyprince]

No such thing as "always" a trade. Look at Castrol, its RSI(2) stayed below 1 for a number of days. I guess if the RSI is below 5 and the prices changes to +1 day (instead of minus days), then some trade can be taken with confidence.

Somewhere EMA5 also comes in calculation, but I haven't understood that as yet.

Great! EMA 5 makes sense here. Okhey i am tracking the progress . I also trying to combine this system wiith other price action indicators for better results. Once i get good resilts i will be here also. Good job .god bless you.

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[syb23411]

Rsi (2) Levels for 04-10-2017

 

[syb23411]

Rsi (2) Levels for 05-10-2017

 

[syb23411]

Rsi (2) Levels for 06-10-2017

 

[syb23411]

Rsi (2) Levels for 09-10-2017

 

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