A RSI Divergence STRATEGY (That Actually Works...)
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- čas přidán 11. 05. 2020
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Trend line should be body to body or wick to wick in price action especially in a case of really long wicks ..?
What about hidden divergence?
i trade in stocks , is that ok to take the monthly ?
I actually use several oscillators to find divergence: RSI, MACD & CCI. The reason I do that is a single oscillator may not catch a divergence, while another oscillator could. I've seen many instances where one oscillator didn't show divergence, but one or both of the others did, so I'm able to capture a trade where 1 or 2 oscillators caught the divergence while the 3rd did not, etc. If I had used just one, I'd have missed a trade because it didn't catch the divergence.
This is the clearest and most concise explanation of how to use divergence that I have ever seen. Well done, and thanks.
Very clear and concise,comprihensive.
A comment i find in every video about divergence :P
Ik right that’s why I love this guys videos whenever I wanna refresh my mind
This is ABC trading and because of this...you are very easy to manipulate. The market makers know what you are waiting for as well. If this strategy worked....it wouldn't work for lokg because it would be totally predictable and manipulated. There are so many things that are wrong with this example but I wont bore you with the details.
@@garrydye2394 what’s wrong w implementing this strategy w others 4 confirmation lol
I've been on CZcams for so long searching for the right youtube teacher to listen to, and I must say this man is the best. I've been trying to learn divergence sinceeee, this is the most straight forward and comprehensive explanation yet.
This is amazing. I've been researching forex strategies for about 2 months now and watching this 20 minute video has given me more value than I've seen by far. Thank you so much!
Not only your explanation is easy to follow on a technical level, but the real life examples you're showing with their nuances make it even easier to understand.
I really find your examples of trading styles very useful.
Every time it was very interesting for how to open short and long position when you follow the rsi divergence. And now i will do backtests and will determine when can i open a position. Thanks bro for your full explanation. I am very happy that founded your videos. Good luck everyone.
Man The Trading Channel is a place to be though I wish to be part of the EAP team i will continue utilise this free content on youtube for now
How much did he pay u to say this
Your explanation is always very thorough, thanks Steven. Love your accent !
easily the most digestible forex content on YT. Thank you
Best video I have seen so far just starting out as a trader and this helped me understand a lot. Thanks
Your voice alone is cool ,, Love you man. Thanks for sharing. All your videos are golden nugget , most people don't reveal these things you share for free. Remain blessed bro
Your teaching is so good. It's helping me a lot, thank you very much🙏 I still don't understand so much trader prefer Forex. I'm just into the stock market.
After watching so many videos on CZcams I have come across this video. Thank you so much for your great explanation which is very easy to understand. you are a great teacher.
Awesome explanation on this! I was curious about how far looking back is to far when looking for divergence? Like when do the strengths sort of reset on the divergence to not evaluate previous peaks to? Or is it an on going thing? The strength of a top 3 months ago had more rsi strength then say today’s peak... etc
I just bought your EAP Mentorship Program and I want to tell I really appreciate your works. Thank you!
After your mentorship, how is your trading doing thus far?
Really very awesome and informative video! It’s just what I was looking for regarding divergence so hats off 👍 Umm my follow up question by your standard of 2 candles closing after the divergence candle what time frame is most effective from your experience higher time frame or lower? 🤔🤔🤔
Never thought I'd be able to understand how the forex markets work, just the best explanatory channel I have ever found. Thanks Steven.
You have been a blessing! Thank you!!
This is the best teaching on RSI DIVERGENCE so far I have seen. I had to subscribe to your channel. Your Teaching is great and I hope to join your Academy soon
Well Done, simple explanation. I have traded divergence for the last 20 yrs, so you teaching a good strategy that does work. :)
Those who knows some basics about trading like SnR, T-lines etc will definitely become master in trading because of your free content on your CZcams channel. For those who likes your content, who really wants to learn more from you, but not able afford YOUR EAP, just like me will definitely become one, that you are right now => Successful Trader. If I put all together, what I just learnt from you, that makes me to understand this video. Keep teaching us.
Video length doesn't matter sir, you content is really really useful and awesome consisting of advanced stargeties
You are a good teacher, Steven. Keep it up!
Great video again which time frames were u looking at for the 2 candle confirmation?
Great explanation! I would just add that you should be taking the trade upon the third reversal candle (after the second reversal candle closes). I have made the mistake several times to jump in a trade during the second candle playing out only to see it resolving in the opposite direction.
Reliable and humurous, the kind of resource I'm looking for!
Any advice on how to set up a live feed like what programs can I download for my laptop to set this up easy any help would be much appreciated
Thanx so much for the lesson dude. Ur awesome. However, do u consider having a higher low on the candle chart and lower low on the rsi as divergence when looking for a buy trade?
Thank you for your time and work. I search such a video.:) Many questions answered.:)
Hi Steven. U have been very helpful for me. Hopefully i will join ur course soon. Bless u bro.
What an incredible video, but as well i would like to ask you bro, there are different types of divergences, i know hidden and regular divergences, and i always get confused when it comes to remember their characteristics, so, would you make a video about how to trade each one? i know is a lot to ask for, but it would be really really cool and appreciated by most of us, as far as i know they are powerful signals when traded correctly and setting up indicators to spot them is important as well i guess
Best trading channel out right now by far. This channel made me a far better trader than I'd thought I would be. Soon will go full time.
Thanks Steven, you are very helpful as always.
Sir,,,You show me the real path...You are honest...Thank You so much sir... if i get Reach,,, I will meet you atlest once in my life...
@15:16 another point for the point system is: apart from price bouncing off the 50 ema, the RSI also bounces off the 50 level.
Love your content following u for my trading ❤
Love from INDIA ❤
Great content again Steven! This is for free and so useful!
Great lesson. Also your style is engaging. Thanks.
This man deserves a reward.
there is also convergence meaning it confirms the power of a trend and that the trend is working, The structure of waves must correlate with the price patterns to be in a convergence. Also, a systems-based trader would be when someone creates an algorithm for themselves.
as always great video well explained best trading channel on the net
awesome info on the video ,thank you Steve
Thanks man
Love your videos 💚💚💚
On the second trade, why would we look for the double bottom along with looking for the divergence from the first trade? Using the same principles from the first trade, we would have traded before the double bottom, even though all of the signals we were first taught were the same. I am confused at what time to use the double bottom rule instead of just trading based on the divergence.
He simply saying that you set a multiple rules before entering the marktet (system base trader) as he said that eaelier, it is up to you what kind of rule do you wan to follow so that is why you should back test the strategy yourself to find out what rules do you need to follow.
Great video ive been watching all your videos, you explain everything very well
This is perfect!! The best vidoes ever!!
Ur awesome l try many time watch many tutorials but not understand any thing until to start watch ur tutorials
Hello Steven, thank you for this video. I have a question tho. What if, I have a divergence (a LL in price giving w HH in divergence) but both are still under the Oversold zone which is 30? Does it still count ?
This is the best trading yt channel I've seen so far. Will watch every video till i master trading.thankyouu so much for sharing your knowledge for free.
Thank you this was very very helpful. Thanks!!
Amazing job man ❤
I am from South Africa and I am interested in trading. I have been watching your videos and I am beginning to understand more more, because you make it easy to understand. There are still stuff I need to know before I start trading.
This was a massive help thank you
Amazing work! Have you applied this strategy (and your program as a whole) in other markets (e.g. stock/crypto) with backtesting? Would you say they transition well or only recommend this in the forex market?
Wooooow bro you have changed the way i look at price action
Great video. I too am a rules base trader. You come off as one of the most honest CZcamsrs when it comes to trading & education.
About your Pro Trader Report, is it available ?
I would like to try for 1 month before i go for years.
May I know the details pls.
Just watched it. Very good. Always tell is on ur charts what the time frame is. Great..
Good one, impressive, keep up the good work, May the good Lord richly bless you. You are a blessing to lot of people..
Thanks Steve, I enjoy learning from you and I wish to join the EAP program someday 🙏
Man once u join EAP , ur life will change definitely.
Yeah, but one needs to raise funds for it first
Very good stuff !!
Which leverege you choose for your Trades
you the best keep it up frfr bro
You can use break of the Low break and retest for entry on divergences
Thanks for amazing video🎥
Adding this to strategy list!!!
Thanks Steve you have been helpful
Thank you for your lessons..i'm your follower from Malaysia
This video is enlightening and has drastically improved my trading. Can you please help clarify how to ascertain if the price is at all time high, how to identify the key level to look for entry. I have been tracking a couple of stocks which is been giving newer highs and i still see RSI bearish divergence. given they are at all time highs, there is no previous price levels to ascertain key levels.
i only had one question and it got answered in this video! how and where can you start your divergence on RSI? thankyou very much!
hi! thanks for the video! One question, how do we identify if the divergence has come to an end? for example, if it is a bearish divergence, do we exit when the rsi hits 30 and below? or we should decide based on price action? thank you!
Mind blown🤯, so Dope 🙌
I just wanted to say thank you!
I really enjoy your videos. It's just about as "lamen terms" as one can get for explaining a relitively "involved" philosophy. As a beginner I'm teetering on the verge of understanding and loosing me.
What makes you sometimes look at Lows, and other times at Highs?
Appreciate your contents, thank you for sharing god bless you.
Very useful. Question though, my mentor likes to use RSI set at 125 period. This reduces the exaggeration and makes it easier to spot divergence. This also makes it hard to tell if the market is trending or consolidation though. Does it really matter if you are oversold/overbought?
You my friend just earned a Sub!
what time frame would you consider this strategy to work best with? I use the 4hr time for MSL use the 1hr time frame for divergence and top double or bottom?
Wow best forex vid I’ve watched I can never understand them
Great video, would get back after trying this
Thanks.. This is gold
Do you have any stats on these setups? Frequency of occurrence and likelihood of out come? Draw down and Pip potential would also be helpful.
Much appreciated!
Sir u r really sniper guy of forex..... thanks alot may GoD give u healthy wealthy and happy life...
Please sir one day make a video on COT data.. from where we take this data and how to use it... if u make video on it .. i shall be very thankful to u...❤❤❤❤❤
Excellent information ❤❤
Your a great coach......thanks my friend....financial freedom is great!
You have opened my eyes. Thanks sir
Amazing way of teaching. Thanks dude
Perfectly Explained.
The video looks great! One thing I did not understand. In the first example it says that when there is a new low on prices and divergence on RSI, after two green candelke (in the bullish case) we enter BUY then at the end it says that after a new low of prices and divergence on RSI we expect a candle to enter green in a possible double minimum. I am disoriented. What would be the rule to use? thank you so much!
Greetings from Italy!
appreciate it KING
this is awesome.
Are most reversals with or without divergence?
Is it only when making lower low, and higher high with divergence, or is it also indicating reversal with lower high with divergence, or higher low with divergence???
Trading with Divergence is like a two in one confirmation. Very helpful tnx..
Nice one bro. I am really really struggling with TA.
Hey Steven. You are drawing price trend lines using the lows or highs of wicks on the chart, but your RSI indicator is set to "close," not to "low" or "high." Is this deliberate? Wouldn't that change your divergence analysis? Thanks!
God bless you boss!
Only the best out there 👍✌️😊
Waaao the best video that which can make me a real trader in Forex .
I like it. I appreciate you dear.
Thank you Steve Sir.. you are the one who is sharpening like me to get better trader. Kudos..
very nice, i am using this divergence when above 200 ema, pullback below 50 ema, consolidation then double bottom, divergence, and green candle for reversion to the green tRADE setup