Episode 75 | Jean-Francois Boucher - scalper EURUSD
A TRADER'S LIFE
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How to Tune Your RSI Tool
The RSI is a leading indicator. We're looking into basically a precursor to what the euro is about to do. And so, you know, if I'm going to use a tool, I would rather use something that's forward looking rather than something that is. Well, for sure. That's one of the problems people have with the usual moving averages, whether it's simple or the exponential. It's not thought, is it? Yeah. So unless somebody's out there teaching this, people will keep losing. If you just throw on the indicator out of the box with the 14 default. It's going to get you somewhere, but probably not where you're trying to go.
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