A Journey to Master Forex Trading (FX Trader from Singapore)

Sunday, December 7, 2008

Trading Strategy - RSI with Momentum

RSI with Momentum

It measures the amount of change in commodity’s price during a period of time.
Using both RSI & Momentum for average 14 days will enable a solid strategy in determining signals.

rsimom

Signal to buy:
RSI rises above 50 but stays below 70, and momentum rises above zero.
Signal to sell:
RSI falls below 50 but stays above 30, and momentum falls below zero

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