Have you ever wondered if RSI divergence can help your trading?
Today, my goal is to help get you closer to answering that question for yourself.
I can still remember the first time I heard the term divergence. I had no idea what it meant or how powerful a trading tool it could be.
If you are new to trading divergence, it can be a bit overwhelming at first. There are several different indicators, such as RSI, MACD, OBV, Stochastics, CCI, and more. Although you can use almost any oscillator to trade divergence, some are better than others.
In the video below, I share with you an example of a bullish RSI divergence trade set-up. In this trade-set up, I will be trading using historical data on a free platform for backtesting. Yes, I said, FREE!
While you are watching the video, keep in mind, the outcome of the trade in the video, is not nearly as important as the process of identifying and qualifying the RSI divergence trade set-up.
When learning to trade RSI divergence, there are many variables to consider, such as what market are you currently trading or planning to trade in the future? What time frame charts do you use to perform your analysis? There is also the question of what type of charts do you plan to use?
Now, back to my opening question, can RSI divergence help your trading results?
I believe with a little bit of practice using the FREE NinjaTrader platform or another free resource; anyone can learn this simple yet effective trading technique. The only way to really know for sure though is to backtest the strategy for yourself.
I hope that after watching the video below, you will understand the power of RSI divergence and why you should absolutely test this strategy out for yourself.
In closing, I would like to once again remind everyone about the FREE live streams hosted by myself each week. These live streams are an excellent opportunity for traders of all skill levels to ask questions and interact with me live. Again, this experience is entirely FREE to you. So if you haven’t already signed up, why are you waiting? Please fill out the form below to be notified before any of my future live streams.