There are 2 problems with your comment: 1) This strategy has outperformed its backtested result for 8 years. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. Exposure to insurance, banks, thrifts, RE trusts, mortgage finance, consumer finance of SP500. Why? Thanks, dtchum. The book highlights the value of applying technical analysis across multiple timeframes to identify trades with the highest probability of success. Yes, some of the Connors/Alvarez’ strategies haven’t been AS profitable going forward, but they’ve remained profitable. The concept here is only for new learner for RSI. I can backtest that easily. This work explains the many subtleties of RSI and how it can be used for trend analysis, trend change and price target projections. You cannot compare long term investing in dividend yielding stocks to blindly trading some indicator. Goodreads helps you keep track of books you want to read. I understand you cannot cherry pick but I guess I’ve never understood how to include or exclude an ETF or for that matter, or stock from a given strategy/. And Last ? Thanks for the link. They tested RSI and many other indicators and found the best results were contrary to what everyone else said…so they formulated several simple strategies. Read 2 reviews from the world's largest community for readers. I am only posting to respond to your non sense, so that means you too are posting the same amount as me. 4) Emmet, I suggest you ban this troll. Prior to Nison’s work, candlestick charting was relatively unknown in the West. Will the edge continue? (though I should be!). This simple strategy is based upon one of the most common technical indicators, the Relative Strength Index. A few links re: Black-Scholes don’t help you nor do they cover up your clear ignorance. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. This helps decide position sizing a lot. Because once something is published in a very public way, like this strategy, its usually stops working! Reviewed in the United States on October 6, 2017. But I don’t take it personally when others disagree. It is obvious you are not interested in facts or an intelligent conversation, but there might be some folks new to trading that truly do not understand why back testing and live real money trading is the not the same. I’ve built it. ” I’m not selling anything and have no reason to lie. But in a million years it does not mean that strategy will work in the future. This simple strategy is based upon one of the most common technical indicators, the Relative Strength Index. Use features like bookmarks, note taking and highlighting while reading RSI Trading: How to Build a Profitable Trading System Using Relative Strength Index. You claim to have traded the RSI strategy for 8 years and yet refuse to show any evidence of your claim. That is not what you said before. Take your money and go ahead and invest away in this strategy in a live market and you will quickly see for yourself. Just any opportunity to take cheap shots at me about a topic you have no clue about.