More Trading Tips for Stock Traders at: http://www.TradingTips.com Other recommended sites for traders at: http://www.WealthPire.com "Like" us on Facebook for exclusive content & special promos at: https://www.facebook.com/Wealthpire 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! Manny Backus CEO, Wealthpire Inc. ***Recommended Resources: How You Can See 8% Returns Month After Month This little-know loophole in the Investment Advisor Act enables you to bank returns as high as 119% or more. This secret is so potentially profitable that I have already received numerous requests for me to not reveal it. Fortunately for you, I feel it's my duty as a financial analyst to get secrets like these out there. http://www.portfoliocrafter.com/119-loop-vid.html "Minute Stocks" - New Hype or Legitimate Wealth? They're not stock brokers, and they're not spending hours online researching - so how are they doing it, read the report here http://www.wealthpire.com/minutestocks This Event Could Hand You a Quick $25,000 And It Happens EVERY DAY at 3 P.M. What are you doing today at 3 p.m.? How about tomorrow? Or the day after that? I only ask, because if you're not making money at that time every day - or at least know how to do so - I suggest you read this special report in full. http://www.wealthpire.com/lht-quick25.html Why Is No One Looking At This Biotech? In my special opportunity bulletin I alert you to a specific biotechnology company that, based on my research, should see share prices spike up to 300% over the next few weeks. http://www.wealthpire.com/obamacare-vid.html

• published: 06 Nov 2012
• views: 42847