Fibonacci Traders

Trading Fibonacci, fractals, RSI and CCI

 

Quiz | RSI trading

1/ who has developed the RSI indicator?


2/ which year was the RSI oscillator designed?


3/ when is the RSI oscillator overbought?

a/ over fifty,

b/ above thirty,

c/ above seventy

4/ when is the RSI oscillator oversold?

a/ beneath thirty,

b/ below fifty,

c/ above seventy,

5/ what is the significance of oversold?

a/ guarantee buy -signal

b/ the financial instrument will surely
rise
c/ price is at support level, yet one will sell if the support turns

into a resistance.

6/ what is the meaning of overbought?

a/ Just sell and hope that everything works fine.
b/ the asset is overbought like the RSI indicator.
c/ the price is at a resistance level.
One must highlight it, but if a convincing breakout occurs, one will

buy instead of selling.

7/ why sometimes do stocks continue to rise, even though, the

RSI indicator is overbought?

a/ they do because the price gain support above the current

resistance level in a viable market environment.
b/ market manipulation

c/ market distortion and a bit of luck

Image = showing a white background

filled with question marks and the

word QUIZ in red colour.

 

8/ Why sometimes do financial securities continue to fall when

the RSI oscillator is oversold?

a/ the asset has failed to gain support
due to fundamentals or relative market sentiment
b/ pure bad luck for desperate buyers that trading without a

top-down trading approach.
c/ either market manipulation or distortion.

9/ Give an example of an oversold RSI indicator trade setup

when one ought to give preference to bearish trading signals

as a substitute for bullish ones.

a/ during the third bearish Elliott wave, one ought to give priority

to bearish trading signals instead of bullish ones.
b/ RSI indicator is oversold in a rising channel
c/ RSI indicator is oversold in a horizontal channel

10/ Give an example of an overbought RSI indicator trade setup

when one ought to give priority to bullish trading signals

instead of bearish ones.

a/ during the third bullish Elliott wave, one ought to give priority to

bullish trading signals instead of bearish ones.
b/ RSI oscillator is overbought in a declining channel.
c/ RSI indicator is overbought in a flat channel

11/ what RSI stands for technical traders?

a/ Relative Strength Index
b/ Repetitive Strain Injury
c/ Repetitive Stupid Investing

12/ one should always sell when the RSI oscillator is overbought.

a/ yes
b/ not always
c/ not sure

13/ one should always buy when the RSI oscillator is oversold.

a/ yes
b/ not always
c/ not sure

14/ what is the significance of the RSI above the fifty level?

a/ the magnitude of recent gains is greater than magnitude of

current losses
b/ Price is now crossing below the moving average fifty.
c/ Technical day or swing traders must buy as soon as possible

before it is too late.

15/ what is the meaning of the RSI below the fifty level?

a/ the magnitude of recent losses is greater than magnitude

of recent gains
b/ Price is now crossing above the moving average fifty.
c/ Technical day or swing traders must sell as soon as possible

before it is too late.

16/ Conditions for a reliable RSI oscillator
bearish trade setup at points that it crosses below the fifty level.

Please stay tuned.  Coming soon.

17/ Conditions for a reliable RSI oscillator
Bullish trade setup at times that it spans above the fifty level.

View the video

18/ what is a bullish RSI divergence?

a/ Bullish RSI divergence occurs when the RSI indicator becomes

bullish at the time when the financial instrument is still in a declining

channel.
b/ When the RSI oscillator is oversold for too long.
c/ RSI exhibits a double bottom chart pattern

 

 

19/ what is a bearish RSI divergence?

a/ Bearish RSI divergence occurs when the RSI indicator becomes

bearish at the time when the financial instrument is still in a rising

channel.
b/ When the RSI oscillator is overbought for too long.
c/ RSI exhibits a clear-cut double top chart pattern

20/ a divergence is

a/ ready-made trading signal that one should quickly take.
b/ Invitation to buy or sell without paying attention to the market

patterns.
c/ a trading set up or warning that the price must authenticate in

an appropriate market environment.

21/ RSI indicator is oversold, it symbolizes
the financial instrument is also oversold

a/ yes
b/ not always
c/ not sure

22/ RSI indicator is overbought; it point out
the financial instrument is also overbought.

a/ yes
b/ not always
c/ not sure

23/ what should one do when the RSI oscillator overbought?

a/ One will quickly draw a warning line to highlight the prevailing

(hidden or not) resistance level.
b/ do not anything
c/ ignore it and flip a coin to know if one should buy or sell.

24/ what should one do when the RSI oscillator oversold?

a/ draw a warning line to highlight the current (hidden or not)

support level.
b/ do nothing
c/ ignore it and flip a coin to know if one should buy or sell.

25/ the price is usually at the upper band
of the Bollinger bands (50, 2) when the RSI indicator is overbought.

a/ yes (most of the time but not always)

b/ never
c / not sure

26/ the price is usually at the lower band
of the Bollinger bands (50, 2) when the RSI indicator is oversold.

a/ yes (most of the time but not always)
b/ never
c / not sure

27/ the price usually crosses above the moving average 50 as

the RSI indicator is passing above the fifty level.

a/ surely (most of the time but not always)
b/ never
c / not certain


28/ the price usually crosses below the moving average 50 as

the RSI indicator is crossing below the fifty level.

a/ yes (most of the time but not always)
b/ never
c / not sure

29/ An RSI indicator's trade setup is equal to a trading signal

that one should take without applying the multiple time frames

trading method.

a/ certainly
b/ never
c / not convinced

30/ RSI indicator's trading signal is an equivalent of a low-risk

entry point.

a/ always
b/ sometimes
c/ never, after the signal, one will select a low-risk entry point time

frame.

31/ for what reason do professional day and swing traders adopt

a top-down trading method or trading drill?

a/ to avoid untimely buying or selling a financial asset, and to cut down

the overall risk.
b/ since they have nothing else to do
c/ to fascinate other market participants.

32/ it is lawful to trade the RSI oscillator instead of the price action.

a/ that is never the case
b/ that is invariably the right thing to do
c/ not sure

33/ it is suitable to neglect the three market
patterns on every time frame when one is using the Relative Strength

Index indicator

a/ of course
b/ no
c/ not sure

34/ It is profoundly recommendable to use the
RSI technical analysis without giving consideration

to the fundamentals at Google or Yahoo finance.

a/ yes
b/ no
c/ not sure

35/ what is Google finance acid test

YouTube search for the video tutorial titled:

How to use Google finance acid test

https://youtu.be/hgFyv7cFdw0

36/ one should desist combining the Relative Strength

Index indicator with the Pitchfork tool.

a/ it is invariably useful to connect both trading tools.
b/ true
c/ not sure

 

 

37/ one should avoid combining the Relative Strength Index

indicator with the Fibonacci patterns when day or swing

trading.

a/ true

b/ false
c/ not sure

38/ one should avoid linking the Relative Strength Index

indicator with the thirteen distinct Elliott wave patterns.

a/ the right thing to do
b/ By uniting the RSI indicator and the wave patterns, one will

seep out false trading signals
c/ whatever

39/ How to screen for stocks applying the Relative Strength

Index indicator

a/ one may apply trading software (TC2000 or another) or the

available Google finance stock screener

40/ How to scalp on fifteen-minute graph
using the RSI oscillator

  Please stay tuned.  Coming soon.

41/ How to day trade on the thirty-minute chart utilizing the RSI

indicator.

 Please stay tuned.  Coming soon.

 

42/ How to swing trade on the two-day chart using the RSI

oscillator?

 Learn more by checking out the webpage below.

 http://www.dayprotraders.com/strategiesrsi.htm

 

43/ How to bypass RSI indicator trading mistakes?

See the video tutorial titled:  How to avoid RSI trading mistake

at the bottom the webpage right below.

http://www.dayprotraders.com/rsioscillator.htm 

44/ what should one draw as soon as momentum oscillators such

as the RSI, stochastic and Commodity Channel Index become

oversold or overbought.

a/ a warning line
b/ a median line
c/ a dotted line

45/ One should concentrate on the oversold RSI indicator' trade

setups in a rising channel if the price exhibits a earlier higher high.

a/ yes
b/ no
c/ not sure

46/ One should focus on the overbought RSI indicator' trade setups

in a declining channel if the price shows a prior lower low.

a/ yes
b/ no
c/ not sure

47/ what is the most fitting market pattern for applying the RSI

oscillator and why?

a/ consolidation market pattern is the most appropriate because like

the RSI oscillator; the price is oscillating between two critical levels

(a resistance and support).

48/ which YouTube channel should one subscribe to if one wants

to master the RSI indicator?

a/ http://www.YouTube.com/user/georgetrio
b/ http://www.YouTube.com/user/Dayprotraders
c/ http://www.YouTube.com/user/24elliottwaves

49/ which website should one subscribe to if one wants to learn

to master the Relative Strength Index?

http://www.24elliottwaves.com
http://www.Dayprotraders.com
http://www.Stochastic-macd.com

50/ How to merge RSI indicator and the Elliott wave principle?

 

Stay tuned :  Coming soon.

 

 

 

 

 

Cookies policy

Cookies help our advertisers to provide, protect and improve their services. By continuing to use our site, you agree to their cookie policy.

 

 

 

 

Sky 1

Fibonacci

CCI Trading

RSI indicator

Fibonacci Patterns

Fractals Trading

Pitchfork Tool

Core value trading

Stock Trading

Trading ideas

 

Subscribe to me on YouTube

Google translator

Follow me

 

Subscribe to our site

 

Trading Strategies

RSS

 

 

 

Active Search Results