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Trade the Stock Market using Relative Strength Index
Rating: 5.0 out of 5(2 ratings)
12 students

Trade the Stock Market using Relative Strength Index

Complete Trading System using RSI
Created byRSI Trader
Last updated 7/2022
English
English [Auto],

What you'll learn

  • Learn the basics candlesticks, support and resistance, breakouts, pullbacks
  • Learn how to categorize a trend and a microtrend
  • Master trading setups using RSI
  • Screen stocks using RSI
  • Know when to buy, sell, cutloss
  • How to use position sizing
  • Trade profitably using RSI
  • Distinguish and avoid the devastating downtrending, bear market and be always prepared to trade the uptrending, bull market

Course content

7 sections30 lectures2h 42m total length
  • Introduction1:08

    Master a simple stock trading system using the relative strength index as the sole indicator. Develop basics into complete setups, including screening, risk management, and clear buy and sell rules.

  • Candlesticks5:15

    Explore candlesticks: open and close prices define the body, highs and lows the wicks, with green or red bodies signaling momentum and doji indicating indecision.

  • Support and Resistance7:03

    Identify support and resistance zones using candlestick patterns like hammer, spinning tops, and doji, consider lower and upper wicks, and look for groups of candles near key levels.

  • Trends3:43

    Identify uptrends by higher highs and higher lows, distinguish downtrends and sideways markets, and focus on uptrends driven by institutions in a one-year chart.

  • Micro trends5:39

    Explore micro trends inside a major uptrend, identifying micro uptrends and micro downtrends within key support and resistance, with candles and RSI linking micro moves to the bigger trend.

  • Breakout and breakdown4:07

    Spot breakouts as price breaks above resistance with a green momentum candle signaling buying pressure. Recognize breakdowns when selling pressure drives price below support, and stay disciplined on failed breakouts.

  • Pullback2:12

    Understand pullbacks after breakouts, where price returns to the breakout area as the first pullback forms within the blue pullback area, with breakout buyers and profit takers shaping the move.

  • Putting it all together10:13

    Identify tight candles within an uptrend on a one-year chart to time risk-controlled pullbacks near breakouts or supports, map micro highs and lows inside major resistance, and optimize position size.

Requirements

  • No prerequisite knowledge needed. Open to all

Description

Welcome to the course! I'm excited to teach you a simple and straightforward system that could help you trade the stock market! The lessons presented build on one another. You will learn first the basics, then we will combine those basic concepts for the trading setups. We will only use one indicator which is the Relative Strength Index. There will be a lot of chart examples, and not just theories! Discussed in this course is a complete system from screening stocks, position sizing, risk management, how to buy, how to sell, how to cut your losses. Never second guess anymore, and learn the exact buying and selling areas.

Another important thing to learn from this course is how to trade the uptrending cycle of the stock, and avoid the psychologically and financially devastating downtrending cycle. Though, we will focus more on the uptrending cycle because that's where the money is made!

You must have an open mind, and it takes time and practice to apply the trading system you will learn in this course. I will teach you here a complete trading system, but YOU are the most important aspect of your trading.

You can learn a complete system in this course, so let's proceed!

Who this course is for:

  • Stock traders and investors who want to learn about using RSI
  • Stock traders and investors who want a simple strategy using RSI