Oh Snarly.. you know Mac take RSI out the back and kicks the shit out of it How good was yesterday for anyone using Mac on a 2 minute chart?
I've been using RSI a long long time. Most people feel that it is a good oscillator. I actually also see it as a good trend following indicator. It has worked very very well over the years. By the by, I will post a 2 minute chart later that shows just how well it worked on Thurs---
I can statistically prove RSI is useless. Any success you are having with RSI, lies in the other variables of your method, not the RSI indicator.
Here is that 2 minute chart that I promised from Thursday's action showing the MACD and RSI working together very well.
What are your profits in $$ using this "grail?" I do use RSI but only after sharp movement up or down. Just curious on if you use it to try and predict the move, or if you cost yourself in chop after no follow through. Of course I trade bond futures as opposed to e-minis.
Yes. Class A would be indicator moving one direction and prices moving the other. Class B would be one of them staying in basically a straight line while the other moves
Profits are extensive when you consider the yearly percentage. I typically use RSI as a predictive indicator. To avoid chop, you need to read the RSI Patterns correctly. Less trading generally means more profit in my view.
It's a nice chart but the MACD zero line tells you everything you need to know.. Having said that the divers obviously speak to you so shine on you crazy diamond.. the market speaks a million languages but you only need to learn one