![]() ![]() ![]() Now, if you have been watching the Trading Rush Channel for a while, you know I don’t recommend buying the top and selling at the bottom of a move, because there are better ways of entering a trade. ![]() Similarly, when the RSI is oversold in a downtrend, it means that too many people are selling, and the price will go down. In simple words, too many people are buying, so the price will go up. Why would anyone sell when the price is already oversold, and why would anyone buy a stock or forex pair, when the price is at the top? Well, according to many traders, when the price is in an uptrend, the overbought RSI level actually means an increase in buying pressure. Similarly, instead of selling when the price is overbought, they sell when the price is oversold. Instead of buying when the price is oversold, they buy when the price is overbought. But many people use it in an opposite way. What’s the win rate of the RSI and ADX trading strategy? Can it make money in the long run? We have tested them both 100 times separately on the Trading Rush Channel, RSI had a profitable win rate, but ADX didn’t! RSI had a profitable win rate because we used it to find the overbought and oversold conditions. ![]()
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