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Apply RSI 5 and RSI 14 Apply a short 5 period RSI (RSI 5) over the longer (default) 14 period RSI (RSI 14) and watch for crossovers. With the RSI 14, there are times when the market does not reach the oversold or overbought levels before a shifting direction occurs. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. Buy Signal When the RSI 5 crosses above the RSI 14, it means that recent prices are getting higher. A buy signal is then generated, and a 5 vs. 14 cross should happen when the 5 period (blue) is oversold (below 30). Sell Signal When the RSI 5 crosses below and becomes lower than the RSI 14, it means that recent prices are declining. This is a sell signal. A 5 vs. 14 cross should occur when the 5 period (blue) is overbought (above 80). Works well with Pivot Points Experienced traders may find that their trading performance greatly benefits from combining a RSI trading strategy with ...

Rookie Swing Trader Journal August 19, 2021

August 19, 2021

How's ETH today? ETH-USD $2998 (binance.sg) When to sell... $3165... Missed when to buy? How's my purchasing power today? I can buy 1 stock using Moomoo . Is it a good day to buy stocks? Look at the S&P 500 hourly chart ... Is the 10 SMA above the 30 EMA? No Is Williams %R (3) less than -80 (oversold)? Yes Is the ADX momentum indicator above 25? Yes If everything is Yes, buy! It's not a good day to buy. ⚠️ Once you bought a stock, trade the chart of the stock itself and forget about the market... https://www.swing-trade-stocks.com/market-timing.html What stocks to buy from Yahoo Finance Watch List, Yahoo Finance News, Trending, Market Movers, and related stocks, Moomoo watch list and Heat List? Skipped Which stock in hand can I sell? 12 stuck stocks at FSMone. See Yahoo Finance. AAL (mm kdj rsi). Bought $21.30. Stop at $19.60. Target $24. GNUS (yf bbl to). Bought (FSMone) $1.65. Target $1.82. TNXP (no indicators, gap down...