RSI 每日枢轴点系统 v2.0 (RSI Daily Pivot Point System v2.0)

Alright then,

I have decided to make a more "newbie" friendly version. There are a few changes to the original, but mainly the (word)/(important info) ratio will be greatly reduced.

The Method

1. Set up a Daily chart with candlesticks. Also, set an RSI(10).
2. Look for Pivot Points. What are Pivot Points? Please see the document below.
3. Suppose we have a Low Pivot Point, thus creating a minimum. Look at the high of the minimum candle. Write this number down.
4. Add the spread to this number. If you do not know what spread is, please add 3 pips. This is your "magic number". Why is it magical? Because when it is surpassed you must look at the scenarios below to see if you buy.

The Scenarios

NOTE: These are BUY scenarios for when a Low Pivot has just occurred and the "magic number" has been surpassed.

1. RSI > 50. Slope is up = BUY
2. RSI > 40 AND JUST CAME from 30. Slope is up = BUY
3. Otherwise, don't do anything.

NOTE: These are SELL scenarios for when a High Pivot has just occurred and the "magic number" has been surpassed.

1. RSI < 50. Slope is down = SELL
2. RSI < 60 AND JUST CAME from 70. Slope is down = SELL
3. Otherwise, don't do anything.

NOTE: IF the RSI has not confirmed in more than 3 days from the pivot, do not act upon the trade.

A Note about Pivot Points

Pivot Points alternate between High Pivots and Low Pivots. In other words, you can't have 2 High Pivots or 2 Low Pivots in a row. When a LOW pivot point appears like the one featured below, you will then go into HIGH pivot mode where you are watching for a high pivot. This entails looking at the high values from then on. When you find the high values are no longer increasing, this should be a red flag that it could POTENTIALLY be a high pivot. You know it is a High Pivot when and if the magic number is surpassed. If it is indeed a high pivot, then you go into LOW pivot mode, where you look at the lows using the same process.

Stop Loss

NOTE: I do not use Take Profits. Please do not ask me what my Take Profit is.

1. Suppose you have just bought. Your initial S/L will be at the recent Low Pivot minimum, OR 100 pips, whichever is lower. The same is true for sell positions just using the High Pivot maximum
2. Suppose now that the BUY position you have entered is moving in your favor(UP). Move the stop loss to the low of each completed day.
3. Suppose now that the SELL position you have entered is moving in your favor(DOWN). Move the stop loss to the high of each completed day.

An Example Below:

1. Red lines are the High and Low Pivots.
2. Yellow Lines are the "magic numbers"
3. Purple lines are me checking the RSI and scenarios to see if it is a good trade.
4. And the 2 light blue lines are trades that qualified.

When to Increase Your Position

If you are in a long trade and the RSI's slope increases in magnitude, buy more. This means steeper slope = buy more.
The same is true for a sell trade.

Best Time of the Day to Trade

The end of the day. For me this is 8-10PM CST.

Trade at your own risk. I do not take responsibility for your losses. And most importantly GOOD LUCK!