The RSI-KILL-ZONE
Set sensitivity Low for #Asian #Markets as there is little #volume.
Set sensitivity HIGH for Pre-Market when getting ready to trade London or New York Session.
The RSI Kill Zone is the fastest Breakout Indicator I can create. Unless math changes how it works, nothing is faster.
Even the RSI Channel will tell you if your current market analysis is on an uptrend or a downtrend.
We all currently take longs above 50 and shorts below 50 but what if i told you that you didn't need to do that?
What if I told you, you can watch the market structure and if its in downtrend, you don't take ANY longs above 50.
Instead you can use this as a marker. When the Kill Zone is bearish and you cross ABOVE 50, you can use the RSI formula (minus 1) to determine how far the market will pull back. Once the market reaches this ruff area, you can set a limit SELL order and take the trade from the highest possible position?
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Tfr054
CoffeeShopCrypto for me taking live trades with smaller R and recording the data to refine the strategy/system, I've found backtesting only gets me so...
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6 months ago
CoffeeShopCrypto
GREAT CALL! i generally ask that question to see if the person knows what testing actually involves. You got it hommie. Im not officially working on...
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6 months ago
Tfr054
CoffeeShopCrypto right on! For sure, the RSI kill zone caught my eye...I trade a system that uses a combination of RSI, Volatility, momentum to...
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6 months ago
CoffeeShopCrypto
the killzone i think is for a very particular subset of traders and trading styles. Seems like it works best on small timeframes for range trading...
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6 months ago