CBA, page-45

re: CBA ... fitzman Hi fitzman ... you are right ...

You will also notice I draw trendlines on RSI and look for convergence/divergence as confirmations of breakouts ....

You won't find this in any of the books but the old hands do it ...

Further, you will notice that often reversals often occur around these RSI trendline points ... theoretically, one is supposed to wait until the RSI hits/turns at the overbought/sold parallel lines but this can mean a losing timely ENTRY opportunities ... important for derivatives traders.

I also speed up the RSI and use a 10 period signal instead of the 14 period default.

Cheers ...


This is only my view ... read the red stuff.