RSI-2 A Trading Strategy You Should Know

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Larry Connors is a name you may not know, but he developed a
technical indicator and trading strategy you should know:
RSI-2.

Now you may remember RSI, or Relative Strength Index, from a
much earlier TradingTips.com episode. In fact, it was
featured in Episode #10. RSI-2 isn't really a new indicator,
but a particular application of RSI -- a two-period RSI --
and a set of trading rules for using it. The results?
Amazing. So amazing, in fact, that Connors recommends
against using stop-losses!

So what is the RSI-2 strategy? Can it really work?

In this episode, you'll learn:

-The five steps for implementing an RSI-2 strategy, explained
in detail, step-by-step.

-How the 200-day moving average and 5-day moving average of a
stock can be used in conjunction with RSI-2.

-Exactly when to place your buy and short-sell orders (you
have two options no matter which way you go), and when to
take profits.

-How to implement RSI-2 in a way that minimizes the risk of
this inherently high-risk, high-reward system.

Happy Trading!

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