RSI : the complete guide

Learn how to effectively use RSI, a mainstream technical indicator which is in virtually every technical analysis software package. Gives comprehensive guidance in the use of RSI, a mainstream technical indicator which is in virtually every technical analysis software package. Properly understood and utilized, it can be a powerful tool to help you time and select trades. This book is an informative guide to the use and interpretation of RSI. About the Author John Hayden was born in 1955 in Anadarko, Oklahoma. While attending college in 1974 he began trading stocks with Merrill Lynch, and options with Hornblower Weeks-Hemphill in Poughkeepsie, NY after his classes. This is whenhe began his studies of technical analysis using the programming language of APL on an IBM 360 mainframe computer. Since this inauspicious beginning, he had been a trader of cash gold (1983-1993), 30 Year Treasury Bonds (1993-1997), and wrote his first book The 21 Irrefutable Truths of Trading (2000). In addition, Hayden has worked as an account manager for the Managed Funds Division of Lind-Waldock, the director of risk management for Directional Research and Trading. He presently resides in Samara, Russia and is the Managing Director for First Volga Investments. RSI: The Complete Guide Jacket Title Page Copyright Dedication Contents Acknowledgement Special Thanks Epigraph Section I Preparation and Understanding The KEY to Success! Chapter 1 Overview Chapter 2 RSIMath Chapter 3 Price Behavior Corn TRADERS Chapter 4 The Real NATURE of The Market place Chapter 5 Price Behavior & The RSI Chapter 6 Basic Retracement Theory Daily Chart Exam for determining major trend. 30 Minute Chart Exam for determining the intermediate trend 5-Minute Chart Exam for determining the short-term trend. Chapter 7 Summary of Section I Section II Using Retracement Theory to Trade Chapter 1 Conventional Uses of the Relative Strength Index 1. Indication of Tops and Bottoms 2. Divergence 3. Failure Swings 4. Support and Resistance levels 5. RSI Chart Formations 6. Altman Modified. RSI (commonly called RMI) 7. Morris Modified RSI 8. Modification of the Look-Back Period 9. Modification of the Data Source Summary of Published Literature Chapter 2 Professional RSI Use The 10 RSI Lies, that Traders Believe Chapter 3 Trend DETERMINATION Using RSI Rule #1 Rule # 1 - Modified Chapter 4 The Truth About Divergence Rule # 3 Chapter 5 Momentum Discrepancy Reversal Points Momentum Discrepancy Reversal Up - MDRP UP for the Bulls! Momentum Discrepancy Reversal Down — MDRP DOWN for the Bears! Drawing Trend-lines based on Momentum Discrepancy Reversal Points Chapter 6 Trend Direction using Momentum Discrepancy Reversal Points Determining Target Levels The most POWERFUL Reversal Signals Rule #4 Chapter 7 The Relationship Between PRICE & RSI Retracements Rules # 5 - General Rules of Retracements - Combined Chapter 8 Identifying Support and Resistant Price Levels Chapter 9 Help! A Longer Time-frame Jumped In My Puddle! Conclusion Trend Determination Table Trend in Danger Table Appendix A Appendix B Trend Determination—A Quick, Accurate & Effective Methodology By John Hayden Determining the RSI Range Determining Support & RESISTANCE Levels Looking for a Divergence USING MOVING AVERAGES Appendix C Examples of longer term charts Appendix D Back Cover Learn how to effectively use RSI, a mainstream technical indicator which is in virtually every technical analysis software package. Properly understood and utilized, it can be a powerful tool to help you time and select trades. This book is an informative guide to the use and interpretation of RSI. Table of Section I - Preparation and Understanding - The Key to Success! 1. Overview 2. RSI Math 3. Price Behavior 4. The Real Nature of The Market place 5. Price Behavior 6. Basic Retracement Theory 7. Summary Section I Section II - Using the RSI to Trade 1. Conventional RSI Use 2. Professional RSI Use 3. Trend Determination Using RSI 4. The Truth About Divergence 5. Momentum Discrepancy Reversal Points 6. Trend Direction Using Momentum Discrepancy Reversal Points 7. The Relationship Between Price & RSI Retracements 8. Valid Support & Resistance Price Levels 9. Help... A Longer TimeFrame Just Jumped in My Puddle! 10. Conclusion