Intraday Trading Strategy using RSI | How to Use RSI to Make Intraday Trading Less Stressful

Intraday Trading Strategy using RSI | How to Use RSI to Make Intraday Trading Less Stressful | Ep.72

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Күн бұрын

In this episode, Indrazith Shantaraj discusses his journey in the markets, focusing on intraday trading. He highlights two key mental blocks and emphasizes the importance of clearing them for success. He also outlines four concepts for designing a trading system and shares his RSI-based intraday strategy. Utilizing a non-conventional approach, he explains entry, exit, and trailing stop-loss rules, preferring the 15-minute time frame. Indrazith also presents backtest results, showing profitability in 9 out of 10 years (2010-2020) and discusses money management and position sizing rules.
We’re certain that in this episode we have provided valuable guidance for all intraday traders to enhance their profitability.
Watch the second episode: rb.gy/04lhaq
Timeline:
00:00 Introduction
01:58 Indrazith's journey in markets
06:36 mental block in intraday trading
10:14 removing the mental block in intraday trading
16:47 traditional use of RSI
19:07 parameters to design a trading system
25:59 RSI Intraday System
29:39 Backtesting
33:29 Money management rules
35:40 Highlights and a glimpse of the next episode
About @indrazith787
Indrazith Shantharaj is a former IT professional with 10 years of experience based in Bangalore. He has been an intraday trader for the last 6 years. He uses the market profile for trading. He is also a best-selling author. He has written 7 books so far with a couple of more in the pipeline.
His site, www.profiletraders.in @profiletradersbyindraziths5665 helps many traders with quality articles, and insightful posts about the market profile, order flow, and intraday trading. He has voluntarily opted to pursue a full-time career in stock markets, which is his subject of passion and expertise. He likes to travel, meditate and practice yoga when not active in markets.
About The Right Choices with Oracles of Dalal Street
The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Head of Market Perspectives & Research at Samco. He has more than 13 years of experience in financial markets. Our show focuses on curating actionable and insightful strategies from real-world stock market heroes. Our guests have been successful in markets and are willing to share their insights with you.
Tune in to The Right Choices with Oracles of Dalal Street every Saturday at 11 am on our KZfaq channel.
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#TheRightChoiceswithOraclesofDalalStreet #samco #SamcoSecurities #ApurvaSheth #stocknote #intradaytradingstrategy #rsi #strategy #markets #charts #options #call #put #buy #sell #money #returns #intraday #apurvashethsamco

Пікірлер: 104

@SAMCOSecuritiesIndia Жыл бұрын

Dear Viewers, Thanks for watching this video. Watch the second episode: kzfaq.info/get/bejne/oMqaqaRkq9jcfok.html Please subscribe to our KZfaq channel to watch such interesting videos. Here's the channel link: www.youtube.com/@SAMCOSecuritiesIndia

@ronaldnimje8026 Жыл бұрын

Sir aise hi intraday traders ka show kijiye kyuki intraday per koi baat nhi karta isese motivation milti hai aur knowledge bhi badta hai Thank you

@Tarun-we7pb Жыл бұрын

you and entire Samco team is doing wonderful job by having such videos.

@viswanathan9725 Жыл бұрын

Very nice and very useful video. Thanks Mr.Indrazith for your sincere efforts.

@devashishjadhao8975 Жыл бұрын

Very nicely explained video Thanks sir 💐💐👍👍

@vidyadhardevadiga6467 Жыл бұрын

Sir the episode was very informative and Sir Indrazith has done a great job toexplain it in a very simple method plus his eg. of plank and formula 1 car was superb. I just did not grasp the 3xATR part and also he did not mention the target to be taken.

@tharuntrichy4182 Жыл бұрын

Excellent explanation ❤️

@ArunKumar-fl6rm Жыл бұрын

Great sir, I guide how to apply 3ATR in the chart( as mention in this video)

@sandeepbhat8275 Жыл бұрын

Good n simple

@jitendraprajapati4143 Жыл бұрын

Fantastic sir.

@prafulvaidya757 Жыл бұрын

Great work👍

@PalwankarRavi Жыл бұрын

Excellent. Pks create it in tradetrin. Thex

@ravichandrabv9963 Жыл бұрын

Nicely explained Indrajith

@indrazith1 Жыл бұрын

Thanks

@Pathtraders Жыл бұрын

Thanks Aporva

@amiralipanjwani4666 Жыл бұрын

Very nice 👌👍

@Syed_Afaq_Ali Жыл бұрын

Thanks 👍 boss

@gamingmaster3239 Жыл бұрын

Ur the gem.of samco

@manishpatel6706 Жыл бұрын

great

@shinderaju123 Жыл бұрын

Its simple to use

@sumitpanchal9585 Жыл бұрын

Very informative about the trading system. People tends to overestimate strategy and underestimate the system.

@usmanabbasi8357 Жыл бұрын

sir meri user id nai aari

@indrazith1 Жыл бұрын

Very well said 👏

@prustysaurabh Жыл бұрын

Great great learning video...and especially for intraday trading....your work is priceless...THANK YOU...

@SAMCOSecuritiesIndia Жыл бұрын

Thank you for your feedback.

@prasenjitdutta246 Жыл бұрын

Nice 👍

@TheSatzy6699 Жыл бұрын

Amazing content 👍🏼

@SAMCOSecuritiesIndia Жыл бұрын

Thank you for your feedback

@debashishbramha Жыл бұрын

GREAT!

@SAMCOSecuritiesIndia Жыл бұрын

Thank you for your feedback. Please subscribe to our KZfaq channel for more such insightful videos.

@ajinkyamankoskar4186 Жыл бұрын

Nice

@jeelandeen 9 ай бұрын

Can we use this for equities please suggest

@shabirahmad-qu9dn Жыл бұрын

Y can't my gg shares be visible in stock note app bt in star it shows gg shares....

@shaikabdulgafoor1060 Жыл бұрын

Swing trading pa video bano sir, with Macd, Ema , with RSI

@sudipghosh3997 Жыл бұрын

Thanks for the great work. One query - how we can get 15min data for nifty/banknifty for backtest for past 10 years?

@indrazith1 Жыл бұрын

You need to buy it from the Authentic data provider

@jainsc37 Жыл бұрын

Excellent presentation. I suggest that one more condition should be added that rsi should be between 40 and 60 in one hour time frame.

@indrazith1 Жыл бұрын

Thanks, you can add and backtest it. Please let me know if it improves the result. I am happy to apply it

@amiralipanjwani8597 Жыл бұрын

Nice information sir 👍

@SAMCOSecuritiesIndia Жыл бұрын

Thank you for taking the time to leave a comment.

@thirupathit9803 Жыл бұрын

Excellent👌👍🙏

@SAMCOSecuritiesIndia Жыл бұрын

Hey Thirupathi T! We're so happy that you liked the video! Keep on watching!

@Thebearish 6 ай бұрын

Sir ye strategy f&o ke liye hai equity ke liye bhi hai

@rayferky7146 Жыл бұрын

Sir did you use any Moving Average ?

@ArshadAli-ev7tn Жыл бұрын

HI SIR PLEASE EXPLAIN HOW CAN USE OPTION CHAIN DATA CHART IN TRADNGVIEW

@indrazith1 Жыл бұрын

Option chain data is available in tradingview? I am not sure

@anujrathi8706 Жыл бұрын

Apurva ji, please suggest that on 15minute chart the RSI will be for 14 period, ok, means is it 14 candles of 15minutes Or 14 candles of daily chart, can be explained ?? Anuj rathi

@indrazith1 Жыл бұрын

RSI is the default period i.e. 14

@zeeshansubhan1269 Жыл бұрын

Sir ATR period kiya hona chahiye?

@hasmukhadhiya2400 Жыл бұрын

Thanks sir One question Can we make screener based on these strategy?

@indrazith1 Жыл бұрын

Yes, you can

@srijandrives Жыл бұрын

So does that means Market should be above 3xATR line to take (RSI cross 60) BUY signals ?

@indrazith1 Жыл бұрын

Nope, entry comes when the RSI is above 60. Initial stop-loss will be 0.5%. 3x ATR rule will comes in to the picture when the price trades above some level

@dk-lj7is Жыл бұрын

3xATR trailing stoploss mein 15min candle close hone ke bad nikalna hey ya phir cross hone par hi position sqarup karni hey??

@indrazith1 Жыл бұрын

Exit once the price = 3X ATR, and no need to wait for the candle close.

@ajaygohil4364 Жыл бұрын

Can you please let me know , what do you mean by ATR 3X

@SAMCOSecuritiesIndia Жыл бұрын

Hi Ajay, It means that you must use a multiple of 3 to calculate ATR. You can read more about it here - school.stockcharts.com/doku.php?id=technical_indicators:average_true_range_atr

@kalpeshmanek5243 Жыл бұрын

Sir ye strategy se Banknifty ka option me trade kr skte he kya?

@indrazith1 Жыл бұрын

Yes, but please backtest it for your options strategy. Because the result varies for each strategy.

@basavarajmayi9667 Жыл бұрын

👌🏻

@mr12081978 Жыл бұрын

What is the strategy to do intraday trading in stocks?

@indrazith1 Жыл бұрын

Please backtest the strategy with any stocks before using it

@dk-lj7is Жыл бұрын

Agar price pahele se hi means yesterday se above 60 or below 40 chal raha hey to 1st 15min mein kaise trade lena hey ya phir only 60/40 cross hone par hi trade lena hey??

@indrazith1 Жыл бұрын

A good question. Trade entry is between 9.30 AM to 2.30 PM. Means entry comes only if the 2nd candle breaks the high of the first candle (and RSI should be above 60)

@kailashjethwani6333 Жыл бұрын

15 min time frame chart on 1day, 5day, 1m or on 1 yr pl clarify

@indrazith1 Жыл бұрын

The strategy is backtested with 15-min timeframe for 10 years. You have to use the current day 15-minute chart to take the trade.

@kartikthakur1813 Жыл бұрын

Can we use this strategy for Stocks also or not.

@indrazith1 Жыл бұрын

You can, but please backtest once before taking live trades

@jeelandeen 9 ай бұрын

How to find stocks which are about to cross 60 or 40 at RSI please suggest

@SAMCOSecuritiesIndia 7 ай бұрын

Hi, to know more about it checkout : kzfaq.info/get/bejne/Y6lyqamamZbXeYU.html&lc=UgzEnjz8X8iz0M7m2eR4AaABAg for better understanding.

@altimakaushik3358 Жыл бұрын

Good jo

@SAMCOSecuritiesIndia Жыл бұрын

Hi Altima Kaushik, Thank you for your comment, we are glad that you liked the video. Keep Watching:)

@usmanabbasi8357 Жыл бұрын

sir usir id nai aari 1 week ho gya account open

@KB-fv1dx Жыл бұрын

💕

@RajuKumar-hc2wb Жыл бұрын

Sir is it work in stock.

@indrazith1 Жыл бұрын

Please backtest it once

@subhash86chem Жыл бұрын

Sir Exit kya dekh kr krna hai i am confuse about this.

@indrazith1 Жыл бұрын

Initially, 0.5% SL at the time of entry (at this time, 3x ATR will be below 0.5% SL for a long trade), when the price shows some move 3x ATR will come into the picture. If TSL didn't hit, then exit at 3.20 PM

@ArshadAli-ev7tn Жыл бұрын

PLEASE MAKE VIDEO

@Drawandfun44 Жыл бұрын

Voice is blur and not so clear

@ArshadAli-ev7tn Жыл бұрын

SIR I AM WAITING REPLY THANKS

@chandrashekharjoshi3804 Жыл бұрын

ATR for trail period ie 3 X ATR Period could not be understood.

@SAMCOSecuritiesIndia Жыл бұрын

Hi Chandrashekhar, you must use a multiple of 3 to calculate ATR. You can read more about it here - school.stockcharts.com/doku.php?id=technical_indicators:average_true_range_atr .

@ramprakashshukla8563 Жыл бұрын

It's not for options he is telling future buying strategy

@rajendraingavale6050 Жыл бұрын

👌👍👍👍

@junaidsys Жыл бұрын

1.3 profit factor is very bad. There is no safety buffer. This will only be successful if implemented with algo.. very high drawdowns too.

@indrazith1 Жыл бұрын

It is backtested with 10 years historical data. I van easily show good profit factor against 2-3 years data. Not sure what to say about maximum drawdown. People consider upto 25-30% as maximum drawdown and it offers less than that. Please let me know if you have a better system which is backtested against 10 years historical data. I am happy to learn 😊

@rajivswargiary1536 5 ай бұрын

Sir ka book bohud adsa hai lekin print quality is very poor. print should be in colour

@dr.derbyallen7063 8 ай бұрын

Video starts from 26:00

@ramprakashshukla8563 Жыл бұрын

I did not understand 3x atr for trail SL

@gangaram0719 Жыл бұрын

Just ignore it. Use SuperTrend (10, 2) & trail SL

@ManeeshJoshi Жыл бұрын

Search average true range trailing Stop loss in you tube

@शेयरबाजाररविवार Жыл бұрын

Please Elaborate on Exit of the Trade. Thank you in Advance RobinHood Traderz

@indrazith1 Жыл бұрын

@ajaygohil4364 Жыл бұрын

It is an informative video, but the title does not match the content, only one point about RSI , that is above 60 and below 40 and this information is given on many videos

@SAMCOSecuritiesIndia Жыл бұрын

Thank you for your comment. Your feedback has been noted.