cardwell-style-rsi — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!. The “Cardwell RSI Positive/Negative Reversal Patterns” not only identify trend changes, but also help set future price objectives in the direction. In my research I came across Andrew Cardwell who was said in a few places to be the person who really refined RSI analysis to get the most.

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Using RSI to Find Great Trades

We have course students who trade futures, stocks and ris markets. The positions that I take are based on the general guidelines I have, like I mentioned, the range rules.

Well, rdi the market corrects and the RSI sells off and goes to a lower level than it did previously but the price is higher, that’s what I call one of my positive reversals.

If you break the rhythm or change something, you’re going to see the effect of the direction of the golf ball. You have a club in your hand, you swing cardwwell club, the ball gets in the way, and you’re not hitting the ball. We were long from under all the way up. Relative Strength Index is a versatile indicator using which we may find overbought-oversold levels, positive and negative divergences, failure swings, etc.

But it will show divergence when price goes to a new high and the oscillator fails to achieve a new high or the inverse. I apply moving averages to the RSI to take out some of the volatility and say is this shorter term, in this case, the 9 above the 45 on RSI and I also use a 9 and 45 day moving average on close to identify first the trend.

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I have some Elliotticians that are great Elliotticians and they tell me that it helps them to understand wave structure. I will vouch for the seminars being well worth it for anyone who uses RSI as a primary indicator and is serious about trading. Moreover, RSI can also be used to look for failure swings, divergences, and centerline crossover. So your Web site is all about RSI. Many students have gone from being initially part time traders, to trading fulltime for a living and some onto money management.

Using RSI to Find Great Trades

Well, it’s the same thing with trading. I calculated the RSI values on a spreadsheet for about 15 markets and plotted them. Lastly, the above chart indicates super bearish range where the RSI tends to oscillate between range and it suggests the strong down move is very likely in the coming days.

I’m glad we had the time. Cardwell said most traders who use the RSI focus their attention on trying to identify bullish and bearish divergences.

Taking RSI to the Next Level

When it’s cardwe,l to the downside, watch for a bottom. Try and understand what the cardwelo is showing you. Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. Andrew is not only a terrific technician he is also a great mentor and the second best coach I have had the pleasure to work with behind only my father who was a state champion basketball coach.


Andrew Cardwell | Cardwell RSI Edge Courses | Relative Strength Index

Tim, it’s great to be with you. It goes between zero and a hundred. Now, is it one of those indicators that you have various settings for or is there one setting?

Jim Wyckoff on the Markets. Here the stock price is expected to move sideways and the trader can witness a lot of whipsaws. Your rules are what’s going to keep you straight.

This site uses Akismet to reduce spam. I just look at the overall structure of a market to determine where I think it’s going to go to. When I speak in New York, I’m going to speak specifically on that.

You can draw all trend lines when your bar charts based on RSI values, which then become objective as opposed to subjective. All of ccardwell information here is meant for educational purposes. We were seeing range rules.

Well, a lot of people force the issue. You get a chart and put it in front of a couple of people.