Good one. I generally use RSI for tracking momentum. If above 60 and crosses 70..there is a possibility that movement will be faster with huge volumes coming in. And you will see RSI hitting 80. Most of the times price cools down after RSI reaching 80. And now the trend will reverse and moves towards 30. And same scenario repeats..slide will be faster if crosses below 30 and hits 20.
Just use RSI as a momentum indictor. If RSI flattens or showing divergence it simply means that the the stock or indices has lost the momentum it had. It has nothing to do with over bought or over sold. One cannot make a buy or sell decision based only on a momentum indicator.
Great ! I think you saved more valuable time and money of beginners. All indicators are worked based previous data. We cannot earn money using indicators.
Terrible explanation. There is nothing like 100 per cent probability for any indicator. RSI is based on price. Price is not derivation of rsi. Rsi is super excellent indicator. But one has to have confirmation of price breaking a trendline. One Can’t take a trade based on just divergence but a confirmation has to come. It is just an indication to be ready. RSI works great on breakouts. Helps in confirmation when it moves from low to high. Say in a flag breakout
The explanation is not terrible. He is exactly trying to say pretty much what you are. That you need to use other confirmations in order to use RSI and that you cannot look at it alone as one indicator. He never said the indicator is bad. I believe you lost the point he was trying to make which is, the indicator is good but also requires other indicators/confirmations in order to take up a good trade. If you see many beginners will look up some video on CZcams about RSI and they will be cherry picked locations on charts to falsely show that RSI can be used alone to take up good trades. This video is trying to address that point (which he could have probably mentioned in a more clear fashion) so that beginners don't fall into a trap of just using one specific indicator. So I do not agree with the comment that this was terrible because he literally showed how the RSI value is calculated and what factors go into it when you see the RSI graph. It is a video that provides knowledge and not that anything was incorrect. How he could have made the video better is by providing some insight on what is probably a way to confirm trades with RSI rather than just saying do not use it alone as a way to enter trades. Additionally, I think he could have talked about changing periods in the indicator rather than only looking at 14 days which is a possibility.
@@MufasaSid that’s what I am saying. He just cherry picked a part of the price movement to say it does not work. I been using it for a few years and find no issue. Best to add trend lines on the rsi and see breakouts in it. Along with price action. This is the only leading indicator. I remember in an early video he said technical analysis dint work. which was also a sham. is he a chartered market analyst to downplay a field done by millions
@@MufasaSid, @manupandit3864 this guy is just a keyboard warrior nothing else no point wasting time and energy explaining him. the point of the video was to show hoe RSI works and that was done perfectly. and yeah if trendlines works so well with RSI ... there would not be fake breakouts and breakdowns. also being a CMT and being a trader has no Correlation.
Thanks for this eye opening video as many people are selling courses on just RSI Strategy. This video will be tight slap for all those people. What a crack of RSI BTW.
Sadly, ur video became more of a fault finding exercise against incomplete learners of RSI indicator. You could have added an explanation to indicate how RSI should be used in diff cases to make this a complete video.
Good one.
I generally use RSI for tracking momentum. If above 60 and crosses 70..there is a possibility that movement will be faster with huge volumes coming in. And you will see RSI hitting 80. Most of the times price cools down after RSI reaching 80. And now the trend will reverse and moves towards 30. And same scenario repeats..slide will be faster if crosses below 30 and hits 20.
All traders now shifting to coaching…
Just use RSI as a momentum indictor. If RSI flattens or showing divergence it simply means that the the stock or indices has lost the momentum it had. It has nothing to do with over bought or over sold. One cannot make a buy or sell decision based only on a momentum indicator.
Great ! I think you saved more valuable time and money of beginners. All indicators are worked based previous data. We cannot earn money using indicators.
My respect for you is going in uptrend. You are the only guy making such useful videos for the Indian Market. Keep up your great work.
Terrible explanation. There is nothing like 100 per cent probability for any indicator. RSI is based on price. Price is not derivation of rsi. Rsi is super excellent indicator. But one has to have confirmation of price breaking a trendline. One Can’t take a trade based on just divergence but a confirmation has to come. It is just an indication to be ready. RSI works great on breakouts. Helps in confirmation when it moves from low to high. Say in a flag breakout
The explanation is not terrible. He is exactly trying to say pretty much what you are. That you need to use other confirmations in order to use RSI and that you cannot look at it alone as one indicator. He never said the indicator is bad. I believe you lost the point he was trying to make which is, the indicator is good but also requires other indicators/confirmations in order to take up a good trade.
If you see many beginners will look up some video on CZcams about RSI and they will be cherry picked locations on charts to falsely show that RSI can be used alone to take up good trades. This video is trying to address that point (which he could have probably mentioned in a more clear fashion) so that beginners don't fall into a trap of just using one specific indicator. So I do not agree with the comment that this was terrible because he literally showed how the RSI value is calculated and what factors go into it when you see the RSI graph. It is a video that provides knowledge and not that anything was incorrect.
How he could have made the video better is by providing some insight on what is probably a way to confirm trades with RSI rather than just saying do not use it alone as a way to enter trades. Additionally, I think he could have talked about changing periods in the indicator rather than only looking at 14 days which is a possibility.
@@MufasaSid that’s what I am saying. He just cherry picked a part of the price movement to say it does not work. I been using it for a few years and find no issue. Best to add trend lines on the rsi and see breakouts in it. Along with price action. This is the only leading indicator. I remember in an early video he said technical analysis dint work. which was also a sham. is he a chartered market analyst to downplay a field done by millions
@@MufasaSid,
@manupandit3864 this guy is just a keyboard warrior nothing else no point wasting time and energy explaining him. the point of the video was to show hoe RSI works and that was done perfectly. and yeah if trendlines works so well with RSI ... there would not be fake breakouts and breakdowns. also being a CMT and being a trader has no Correlation.
Thanks for this eye opening video as many people are selling courses on just RSI Strategy. This video will be tight slap for all those people. What a crack of RSI BTW.
Simple maths .. its cleared all. Thank you
Rsi, oscillator,pendulum, 20 to 20 buy trend strong support, 80 to 80 sell trend resistance.. indicator and price divergence and convergence will help
Great work! Make a video on how supertrend and also measure the effectiveness
Ok now what to use instead of RSI ? Kindly share the alternative as well.
Aptly said. was confused once on divergence , now i could differentiate. TKS . Keep up
Sadly, ur video became more of a fault finding exercise against incomplete learners of RSI indicator.
You could have added an explanation to indicate how RSI should be used in diff cases to make this a complete video.
Great Learning, Keep Posting , Thank you
Thanks for the clear explanation. Price action is the best
12 math ka class yaad aa gaya 😂
@sakethr ,hi sir any openings for trading as a fresher
Excellent explaination ji . its real eye opener
Excellent explanation saketh🎉
Awesome Informative Video #Saketh... Thank you so much for sharing the knowledge... Keep up the great work... 😍😍
Wonderful explanation
Please make a video on stochastic rsi, what's the fundamental of that indicator
Which indicator according to you has some value in using it
Thank you very much 🙏
Only priyaram bendiganavle students can use perfact RSI divergence ❤
great work man
All indicators are lagging and useless...believe me...
How
Bro do u still beleive in sula vineyards
please add a vegeta toy also. i am a vegeta fan
Haha sure XD
Would you like to come Ahmedabad for training session
I have space i will manage
❤❤ thanks
Kannada dalli video madi bro
Idfc video
@sakethr ,hi sir any openings for trading as a fresher