This week’s vlog sees David discussing in depth one of the most popular indicators – the Relative Strength Index. Commonly known as the RSI it’s perhaps the most widespread indicator when it comes to analysing if markets are overbought or oversold. David picks gold as his focus for the coming week which is packed with inflation data from the UK and the U.S., as well as the first quarterly reports from earnings season.
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hi there, once again, loving your tutorials/explanation. try adding SMA50 on HIGH and SMA50 on LOW. Between the Moving average to me is considered to be market noise.
time period.?
Trading 212 has help my trading skills alot. started trading April 1st 2017
Hi, Ovie. Great to see you find the videos helpful.
Profit coming in already after some losses last week
@Ovie Oyegwa Just curious, how are you getting along with trading now? I am planning on starting trading real money (I trade with a demo account currently) some time in the next couple of years when I gain experience and get the funds.
Excellent explanation of RSI and current market analysis in real time charting with hand sketched graphs. I know very few can do it. A superb help for self taught trader like me. Information being provided in condensed, short timed and right to the target with clarity. WoW Thanks a lot
Hi, Kamal. Thanks for sharing your positive thoughts about the videos. Watch this space for more and successful trading.
In one of my trade stop loss was not triggered during price decline on news. David, if can do a video on this most talk about “stop loss order” and it’s nitty gritty. Thanks
Kamal, you can use Trading 212. All Stop Loss, Take Profit and Trailing Stop orders are guaranteed during market hours. You can watch this video, explaining the Stop Loss orders: https://youtu.be/KQW2x86BH1U. This one shows how to place them in Trading 212: https://youtu.be/4sUG-ow3W48. You can also read about the pending orders at http://www.trading212.com/en/Frequently-asked-questions?cId=5.
Hey there, thanks for great videos. I would also love to see a video about OBV:) By the way, about last part of the video as gold pushes through new highs rsi is signalling lower highs. Can you interpret that divergance as a downward movement inc? Answers will be highly appreciated:) take care
Hi, Caner. Thanks for your suggestion. It has been noted. New videos are published regularly, so stay tuned. As the RSI is a lagging technical indicator, the market moves before it can provide a signal.
David, would you agree that the length parameter one uses for the RSI (ie. you use 10) depends upon the individual trader’s trading frequency? Bc the higher the length parameter used, the less sensitive the RSI will be to recent shifts in price/momentum, and that results in traders taking less trades as they wait for key RSI signals (combined with other indicators of course). And the opposite is true as well: a low length parameter (I use 5) for the RSI is more sensitive to recent shifts in price and momentum (bc I like to trade frequently). Thoughts?
Hi there. The settings you apply to the technical indicators depend on your trading style. In general, shorter time periods are suitable for higher trades frequency.
Can you also add silver XAG/USD in future analysis please.
Thanks for your comment, Cuthbert. It will be taken into account.
Hey there! Good Video but what happened to the Trading 212 Tutorial Series with that womans voice? Those Videos were superb! The viewercount speaks for itself in this case and I would really like to see this format again!
Hello and thanks for your comment. It will be taken into consideration, as always.
Can we use RSI 10 in Nifty 50 and stock indian stock market. which t!me frame is suitable.
Hi, Arvind. The settings you apply to the technical indicators depend on your trading style and preferences.
RSI 15,16 & 17
Nice videos keep going
What a great series! By the way, two days later, Gold pushed through 1270 reaching 1295, the highest price since November 2016. Thanks for sharing your experience and knowledge.
You are welcome, Jo. Stick around for more videos in the future.
Hey I really like these videos. Do you recon you could do Macd and Money Flow Index?
Also I really like the weekly review of what is coming up, maybe you could just do that on its own, as a upcoming weekly review on the week ahead in trading, it’s good to get a feel of what makes the market move and what other traders are looking out for
Hi there. Thanks for taking the time to share your thoughts about the videos. Stay tuned for more in the future.
Hello David,
Its been “to the point & easy” learning journey through these awesome videos.
1) For learners, there are many patterns, indicators to look into, which may/may not confirm a stand.
What are the preferred/go-to steps to confirm our analysis in majority cases(tried & tested)?
Lets say for intraday or swing trading strategy: First read Daily & Intraday/Weekly 5 min charts; & confirm by pulling up Stochastic Oscillator/ 20-50 MA & that’s it 🙂
This will help learners focus on making informed decisions on their trade.
2) How do you prefer going about identifying medium term trends using weekly and monthly charts.
3) Could you cover Pivot Points or Bollinger Band
Thanks,
Mohith
Thanks for your suggestions, Mohith.
Ian Hislop will be happy with your subtle plug
Hey thanks a lot for these videos. I love the way you explain them. Making more sense than other videos for me.
Nice video, historically any commodities better than others to soley use the RSI strategy? I’ve been using it for leveraged Oil/Gas ETFs. It definitely gives me entry and exit points, buy either in 20s sell in 60s. it’s actually give me a lot of control and takes away my compulsiveness with the market. I dollar cost average everything that I’m serious with including precious metals.
Hi David. Thanks for all useful advises. could you please give info about crude oil trading. Thanks in advance
Please cover in detail how to know how much you’re spending on a trade when you enter as 5000 quantity is not clear. 212 trading isn’t transparent on how much you are risking when you enter a trade. IG trade allows you to input how much pounds per pip you want to enter. Trading 212 should do the same.
Thanks for reaching out. You can calculate the margin and swap (when trading Forex and CFDs) / commission (when trading equities) details for a position, prior to opening it, by using the Detailed Trade Box in the web app at http://www.trading212.com or the Market Order Screen in the mobile app (for iOS and Android). The information will appear at the bottom of the box / screen. Please get in touch with the customer care team, should you have other questions. The contacts are available at http://www.trading212.com/en/Contact. Wishing you successful trading with Trading 212.
thank you very much for this video
can you make a video on awesome oscillator ?
I wish to ask a question; the answer may be obvious. If the US unemployment figures are the best since 07 and economies crashed in 08; why is it relevant?
I agree – I don’t think it’s that relevant but it makes for a good newspaper headline. I think what is more important for market sentiment are the month on month changes for data such as employment.
Shame about Gold not going down any where near to 1300 today.
If you could use only 3 technical analysis on a security, what would they be?
11:00 26.Jan: would you just look at that hammer.
Would the rsi and macd be used together as effective indicators?
Master david jones. great video and explain.
where we ned to see fundamental news sir can i know sir
Hi Harsha, you may use Trading 212’s free Economic Calendar – http://www.trading212.com/en/financial-calendar.
Hi! Can you use multiple monitors on Mac? Tnx
Yes, you can, Angelo. Open the web app. Right click with the mouse on the chart you’d like to open in a separate window. Select the “Open chart in new window” option, and you are good to go.
where did you go David? Why don’t you do videos anymore?
U look like my fucking science teacher!! Wtf mannn???
most of the market movements are without RSI been oversold nor overbought .
Mr. Jones thank you so much for this lesson 👃
Really nice mentors ! Keep it up , helping a lot.
Which is best indicator for gold market for perfect trade
Very clear RSI divergence as well on that drop. Even though the second trough was lower, RSI remained above 30. How I know? From Davids fantastic video on RSI divergence.