Charts, forecasts and trading ideas from trader Binom. Get unique market insights from the largest community of active traders and investors. How to use signals: Choose a trading instrument from the categories: Currency, Commodities, Indices, Stock. Choose a time interval on the price chart of the instrument you selected. The time interval can be varied from 1 minute to 1 day. The summary appears below the selected instrument: the forecast based on the data of several technical indicators. In the chart below, we have the EUR/USD 1-minute chart and this time a short trading opportunity is highlighted. On this occasion, as it’s noted on the chart the RSI indicator is signaling to take our profits before our static 10 pips take profit level has been reached. Even though we would have reached later our static TP it’s always a good practice to follow entirely the rules of the system. When the RSI goes out of the oversold, you should buy a contract on an increase, and out of the overbought – on a decrease. This is clearly visible in the illustration above. In addition to the use of chart reversal patterns when trading on the relative strength index, standard methods for linear indicators using divergence are also effective ... I have been trading on binomo from last 6 month and earn lots of money by following RSI Chart. I have withdraw my money from binomo without any problem. what i’m suggesting to people , before playing any you need to learn first and binomo provides such kind platform where you can open account with Demo Balance of RS.65000 and learn by trading and then enter int he real world. thanks First, click Chart Preferences on the left side of your screen. Here you’ll see different indicators and tools that you can use for technical analysis. You can choose which one to select first, RSI or Bollinger Bands. It doesn’t really matter, but for the purpose of this guide, I’ll select RSI first. The default values will be 80 for overbought, 20 for oversold, and 14 for the period ... RSI is one of the most popular indicators in Binomo. It gives us a lot of correct signs so that traders can buy safe options. This article is the answer to the question of how to use RSI indicator. It gives us a lot of correct signs so that traders can buy safe options. Binomo offers a professional trading tool for getting additional income. Up to 90% profit, $5 minimum deposit, $1000 in a demo account for training. Invest wisely! To set up the RSI on Binomo, simply click (1) Chart Preferences on the left-hand panel. Scroll down until you find (2) RSI. You can then change the values for (3) Overbought, (4) Oversold, and (5) Period. Do take note that outside of the Binomo platform, 70 and 30 are the usual values for Overbought and Oversold, respectively. It’s up to you ... The RSI indicator consists of 3 main elements. RSI line (light blue) is the line that runs along with the price chart, indicating the change and speed of price movements. Usually, this line ranges from 30 to 70. But sometimes it touches or breaks out of the 30 or 70.
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