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Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Day Trading – Modified RSI Indicator

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       Free Trading Report

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        Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Modified RSI Indicator

   Demonstrated Few Weeks Ago

Works With Stocks, Futures And Forex

                 Solid Indicator

     Avoids Most Market Noise




      Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Look For Trending Markets




Change RSI Look Back Period From 14 To 10
    Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
RSI Jumps Above 80




Use 15 Minute Bar Charts For This Strategy
    Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Enter At Closing Of 15 Minute Bar




           Exit MOC (Market on Close)
      Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
IBM Long Example




Range Bound Market Conditions Work Well
   Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Most Set Ups Occur Near The Opening




     Begin Monitoring The Stock Before The Open
          Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Resist Taking Profits Early




   Always Wait Till The Close To Exit
  Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Always Go With The Main Trend




  Make Sure The Market Has Strong Volatility
      Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Wait Till Signal Bar Is Formed Before Entry




Market Orders Are Executed Instantly So There’s No Need To Rush
              Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Resist Exiting Position Before Closing Bell




         Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Stop Loss Placement

                 Long Position

Place Stop Loss $.05 Below Entry Bar

                Short Position

Place Buy Stop $.05 Above Entry Bar




      Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
Thanks For Watching

            Visit
      MarketGeeks.com
 Download Free Trading Report

Please Subscribe To Our Channel




    Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.

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How to learn day trading

  • 1. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 2. Day Trading – Modified RSI Indicator Visit MarketGeeks.com Free Trading Report Please Subscribe To Our Channel Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 3. Modified RSI Indicator Demonstrated Few Weeks Ago Works With Stocks, Futures And Forex Solid Indicator Avoids Most Market Noise Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 4. Look For Trending Markets Change RSI Look Back Period From 14 To 10 Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 5. RSI Jumps Above 80 Use 15 Minute Bar Charts For This Strategy Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 6. Enter At Closing Of 15 Minute Bar Exit MOC (Market on Close) Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 7. IBM Long Example Range Bound Market Conditions Work Well Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 8. Most Set Ups Occur Near The Opening Begin Monitoring The Stock Before The Open Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 9. Resist Taking Profits Early Always Wait Till The Close To Exit Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 10. Always Go With The Main Trend Make Sure The Market Has Strong Volatility Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 11. Wait Till Signal Bar Is Formed Before Entry Market Orders Are Executed Instantly So There’s No Need To Rush Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 12. Resist Exiting Position Before Closing Bell Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 13. Stop Loss Placement Long Position Place Stop Loss $.05 Below Entry Bar Short Position Place Buy Stop $.05 Above Entry Bar Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 14. Thanks For Watching Visit MarketGeeks.com Download Free Trading Report Please Subscribe To Our Channel Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.