Weakness of RSIwilder, when market in a trendy mode -- any time frame, this indicator trick you to go againt the trend!!! but in a range day, use it as a divergence indicator, it works I believe. I will start the real trading with trendy day first, and keep playing the range day market, I am not confident enough to jump in now, feel like the oscalator stuff unpredictable, market profile seem works better for me in range bound day though. keep searching!
-Where did the market open in relation to the previous day's value and then what happened?
-What is the net activity - extremes, range extension, value area? Initiating or responsive?
-What is your conclusion ?
Wednesday, March 11, 2009
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