Tag: best technical indicators

My Success with Ultimate Profit Scalping Indicator

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My Success with Ultimate Profit Scalping Indicator

Hello everybody, my name is Carol Brown, and I want to talk about how I used the Ultimate Profit Scalping Indicator to become a profitable market trader. Now, let me tell you that my life wasn’t always cotton candy, rainbows, and winning trades. I want to start this story from the beginning.

Ultimate Profit Scalping Indicator

Life Before Being a Profitable Market Trader

I just want to start off by talking about what my life was like before I started trading the market, particularly using the Ultimate Profit Scalping Indicator. Before I was a fulltime trader, I was a pen keeper at my local zoo. I worked as a zookeeper and manager for over 15 years.

My responsibilities included feeding the animals, looking after their health, cleaning their enclosures, and yes, shoveling their waste too. Let me tell you that shoveling the feces created by 4 elephants on a daily basis is not my idea of fun. In all reality, I had a very difficult and smelly job, one that had me working upwards of 12 hours per day, 6 days per week. Working sometimes nearly 80 hours per week left me totally exhausted.

Moreover, I’d get home just to have my husband and kids tell me that I smell like the backside of a giraffe. Who would have guessed that spending the majority of my time in a zoo would have me smelling like a wild animal?!? Anyway, I could have dealt with the smell and the long hours, well kind of, but that said, it’s not like the pay was astronomical. Sure, I was making an alright living, but I wasn’t making a fortune.

Consider the fact that I have a husband on disability who is unable to work, as well as two kids who were at the time just getting to the age where I would have to pay for their post-secondary education. I was working way too long hours for way too little money, I always smelled like animals, and I wasn’t spending nearly enough time with my family either. For this reason, I decided that it was time to change things up. I wanted to work less, make more money, and spend more time with my kids.

At the time, my sister was a profitable trader. She specialized in trading currencies, the stock market, and cryptocurrencies. She was making about a quarter of a million dollars per year. She tried convincing me to become a trader for many years, but I always refused, that is until I had finally had enough of working at the zoo.

Without getting too deep into it, on a faithful summer day, I watched one of the lions nearly kill one of the other zookeepers. It was at this moment that I decided that enough was enough. I was now going to become a trader.

My First Attempt at Trading the Markets

Ok, so let me tell you that my first attempt at trading the market didn’t go to plan. On a side note, I made the massive mistake of quitting my job too early. Therefore, once I had quit my job and started trading, I had to get good at it, and fast.

The issue is of course that market trading is not easy, quite the opposite. It’s hard as hell, and I just wasn’t prepared. I went into it without knowing a single thing about trading, and I invested way too much cash as well.

Also, I tried trading crypto, Forex, and stocks all at the same time, which just added to the confusion. I ended up blowing through about $6,000 of savings in two weeks flat. I had divided the funds up into equal portions for all three markets I was trading, and it did not go well. Yeah, I was using some half-baked trading strategy with charts and indicators that I understood about as well as quantum physics.

Surprisingly enough, I managed to win a few trades, but not nearly enough. I was now out $6,000, and at this point, I had become worried about the financial wellbeing of myself and my family. Putting two kids through university is not cheap by any means. I was super desperate at this point and needed some tools that could help me make quick money, and this is when by total accident, I discovered the Ultimate Profit Scalping Indicator.

 

When I Discovered the Ultimate Profit Scalping Indicator

At first, I was very hesitant at paying money for some indicator that I knew nothing about. However, in fact, my sister the pro trader was also using the UPSI or ultimate profit scalping indicator to trade. Now, remember that she is a long time professional who makes an amazing living doing trading.

So, when she told me that the Ultimate Profit Scalping Indicator was the real deal, I had no choice but to believe her.

So, I paid the $299 that it costs to purchase the indicator. Yeah, it’s a good chunk of change, but that said, once I had purchased it, it was mine for life. I’m still using the UPSI today, and I only ever had to make that single payment over a year ago.

So, let me just tell you what this Ultimate Profit Scalping Indicator is all about, how it works, what it did for me, and why I like it so much. Folks, I’m not kidding when I say that this is one of the best trading tools I have ever used. There is a reason why I am writing about it, because it’s simply awesome.

Ultimate Profit Scalping Indicator

  • What’s really cool about this particular indicator is that it is designed for short term profits. I always hated the idea of waiting for days or weeks to make profits. The Ultimate Profit Scalping Indicator solves this issue without question. Scalping in trading is of course all about short term profits. Thanks to the UPSI, none of my trades were open for longer than a day, sometimes for just 4 hours or even just 1 hour. Quick profits is the name of the game.

  • Something else that stands out about the Ultimate Profit Scalping Indicator is that it can be used on any chart on tradingview.com. Tradingview offers 100% free charts of all types, for all markets, and on all timeframes. This means that I don’t have to spend any more money to trade. Simply attach the UPSI to any chart on Tradingview and get going.

  • What also stands out about this indicator is that it is super easy to use. Folks, remember that at this point, I was still a newbie trader and I really didn’t know what I was doing. However, using the included instructions and a bit of common sense, I was able to figure out how to use the UPSI in less than a day.

  • In terms of how it works, the Ultimate Profit Scalping Indicator provides me with awesome buy and sell signals that are super accurate. All I have to do is to wait for good entry points to appear, and then place my trades. In terms of being user friendly and newbie friendly, the Ultimate Profit Scalping Indicator is definitely one of my favorite tools out there.

Ultimate Profit Scalping Indicator

  • The other really cool thing about the Ultimate Profit Scalping Indicator is that it can be used for any market. I use it to trade cryptocurrencies, Forex, and the stock market. Being so versatile is another bonus no doubt.

 

  • Using the UPSI, depending on how much I trade and invest per trade, I can make anywhere from $200 to $1,500 per day. It is also worth noting that the accuracy rate of this indicator is very high. I’m winning anywhere from 70% to 90% of the trades that I place using the Ultimate Profit Scalping Indicator.

 

Being a Successful Trader Thanks to the UPSI & The Stock Market Trading Course

Ok, so when I said that I paid $299 for the UPSI, I was not 100% honest. I actually paid $399, and the reason for it is because I bought the package deal that also came with the Stock Trading Mentor Box stock market trading course.

CLICK ON IMAGE TO GET THE ULTIMATE PROFIT SCALPING INDICATOR

Remember that I said that I was a trading newbie. However, I didn’t want to remain ignorant to the ways of the market, which is why instead of getting the indicator alone, I also joined the trading course. Besides using the UPSI, this is one of the best decisions I have ever made.

I don’t want to go into too much detail, but Stock Trading Mentor Box was a super easy trading course to understand. It came complete with over 50 full length trading lessons, all of which came in an easy to following along video format. All of the lessons are taught by a great teacher who makes learning easy. By the end of the course, I had started considering myself a pro trader.

CLICK TO GET UPSI & THE STOCK MARKET TRADING ACADEMY

This was thanks to bot the UPSI and the trading course. At this point, between my own trading skills that I learned from Stock Trading Mentor Box, and the signals I get from the Ultimate Profit Scalping Indicator, I am making a great living.

I am now making up to $20,000 per month. I have more than enough money to support my whole family and to have fun. I also have enough time to actually spend with my family. Trading from home and making great money is so much better than shoveling elephant dung for a living!

 

For more trading tips, strategies, methods, and everything in between, check out Andrew’s Trading Channel. Here you will find the world’s best stock market trading school, a trusted day trading school, state of the art indicators and trading tools, Forex and crypto signals groups, and more! 

RSI Indicator for Newbies

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RSI Indicator for Newbies

If you are planning to become a proficient Forex trader, then something that you need to know all about are indicators. Indicators are the most important tools used in trading Forex, stocks, crypto, and everything in between. One of the most important indicators for you to know is the RSI or Relative Strength Index.

For those of you who don’t know, indicators are the cornerstone of technical price analysis. In other words, indicators provide you with important information about past and current price movements. This should of course provide you with a good idea of what price movements in the near future look like. There are four types of indicators out there. These are trend, momentum, volatility, and volume indicators.

Momentum indicators are some of the most popular and useful, which is what the RSI or relative strength index is. What we want to do today is to provide you with some basic information on what the RSI is, how to use it, what it tells you, and more. Let’s get to it and help you trade using the relative strength index.

RSI

What is the RSI?

Ok, so as we have established by now, RSI stands for relative strength index. This is a special type of indicator that was first developed by J. Welles Wilder Jr, who then introduced it to the world in his 1978 book, New Concepts in Technical Trading Systems. Since then, it has quickly become a super popular technical analysis indicator, and for good reason, because it works.

Now, in terms of the four indicator types, the RSI or relative strength index, is a momentum indicator. In other words, it measures how strong or momentous recent price changes were. This is them used to see if a stock or other asset is overbought or oversold. Of course, if something is overbought or oversold, it provides you with valuable information on how to place a trade.

What you also need to know is that the RSI or relative strength index is displayed as an oscillator. This means that it moves or oscillates between values ranging from 0 to 100. It can therefore provide you with valuable information about the bullish or bearish momentum of an asset.

RSI

How to Interpret the Relative Strength Index

Now that you know what the RSI is and what it tells you, it’s also important for you to know how to interpret and read the relative strength index. Of course, if you cannot interpret what you see, then you cannot use it to place profitable trades. In order to use the relative strength index properly, there are just a few important things that you need to know.

So, when the RSI goes past the horizontal 30 level, it is generally a bullish sign, and when it goes below the 70 reference level, it is generally a bearish sign. To put it in simpler terms, if the RSI provides you with a reading of 30 or below, it is an indication that an asset is oversold and/or undervalued. When the relative strength index provides you with a reading of 70 or above, then an asset is becoming overvalued and/or overbought.

VISIT ANDREW’S TRADING CHANNEL

What you also need to know is that during a trend, the RSI can fall into a range or band. When there is an uptrend going on, the relative strength index will stay above 30 and should hit 70 quite often. If there is a downtrend in the works, the RSI should usually never exceed 70, and will often hit the 30 mark, or well below 30.

To provide you with an example, if there is a downtrend, and you see that the RSI does not reach 30 or below, and then also rallies at 70 or higher, it means that a downtrend has weakened and will likely reverse into an uptrend. The exact opposite is the case with an uptrend. Keep in mind that using both moving averages and trend lines is important when using the relative strength index indicator in this manner.

Drawbacks of the RSI

Just like any and every indicator out there, the RSI does also have some limitations that you will be faced with. The biggest issue with the relative strength index is that it can be difficult to separate false alarms and true reversal signals. To provide you with an example, a bullish crossover followed by a sudden decline in stock is a false signal.

What you also need to be aware of is that since this is a momentum indicator, it can stay in the oversold or overbought positions for quite some time after an asset has already achieved significant momentum in the opposite direction. For this reason, the RSI is usually the most useful in an oscillating market where an asset is alternative between bearish and bullish price movements.

Using the Relative Strength Index to Place Trades

Alright, so the fact of the matter is that there are many ways to trade with the RSI. Moreover, there are also many other indicators that you can use along with it. Now, we do really recommend watching the tutorial video that we have included here, because it provides you with perfect guidelines on how to use the RSI.

That said, the most important takeaway from this video is that you want to use support and resistance along with the relative strength index. This will help prevent false reversal signals from occurring, and it will also help you spot those reversal much easier.

For instance, if you see that an asset is undersold at the 30 line on the RSI, then you also want to look for major support lines. These support lines will indicate that a trend reversal is on the horizon and that an uptrend could soon begin. The same goes in the other direction.

Trading with the RSI – Final Thoughts

There you have it people, all of the basics that you need to know about this awesome RSI indicator. We definitely recommend watching all of the videos that we have included here today. Andrew does a great job at explaining exactly how to use the RSI indicator in a variety of ways.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

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