Good Monday AM to everyone! I hope everyone's weekend went very well and all Christmas shopping
is done or at least 50% done!
Here's your seventh lesson in "The Secrets Of
Professional Floor Traders" mini email course.
Lesson 7 - "The Relative Strength Index"
by Adam Hewison
===============================================
One of the most useful tools employed by many technical
traders is a momentum oscillator which measures the
velocity of directional price movement.
One of the biggest advantages of using this indicator
is spotting divergences.
A divergence between price action and the RSI is a very
strong indicator of a market turning point and is the
single most indicative characteristic of the Relative
Strength Index.
Because this lesson contains charts, it has been posted
here.
Have a great trading week and...
MERRY CHRISTMAS!
P.S. Look out for the next lesson - "Stochastics".
Even if you have never heard that word before don't
miss this lesson.
