The Actual Grail

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?
 
Quote from snarlyjack:

Buy1Sell2,

I read this post a long time ago. I watched it for awhile then
started watching SPM. And, I kinda lost track of this post.
Thanks for bringing it back up to our attention!

Just a few questions?

How long have you traded using the "RSI"? And you have a very
good feel for it with all it's nuisances? How has it worked out for you trading this way after all these years?

Thanks

snarlyjack
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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---
 
Quote from traderdragon2:

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.
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Call it an artform if you would like.:)
 
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.
 
Quote from thruline:

B1S2 did you cover criteria for 'Class A' vs. 'Class B' divergences?
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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
 
Quote from buylo:

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.
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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.
 
Quote from Buy1Sell2:

Here is that 2 minute chart that I promised from Thursday's action showing the MACD and RSI working together very well. :)
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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
 
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