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Andrew Cardwell Jr.
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January 23th, 2010

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September 12th, 2010

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September 12th, 2010

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Frequently Asked Questions


Isn't the RSI just another oscillator to identify overbought and oversold conditions in the markets?
In my courses I have shown traders how they can use the RSI in a totally different way. We use it to identify trend, trend change and set future price targets and objectives in the direction of the new emerging trend. You will learn how to position yourself ahead of and in the direction of the new trend. It is much more than just an indication of overbought and oversold levels.

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Bullish Divergence means buy and Bearish Divergence means sell. They are Reversal Signals right? Don't we just sell at "70" and buy at "30"?
This is one of the generally accepted ways to use the RSI. While it is important to recognize and be alert to divergence it is not a trend reversal signal. While they do identify overbought and oversold conditions, they are merely just overextensions within the current trend. The more important signal and reversal patterns are my “Positive/Negative Reversal” patterns which help us calculate the new price objectives. We also employ what are known as “Range Rules”. These “rules” help to us identify the range in which the RSI is moving and see whether a market is trending up or down. They also help point out when a market’s trend is starting to change direction. By monitoring the range you will also be able to stay with a trend longer and not be so quick to reverse a good longer term position.

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Does it work in all timeframes? What about 60, 15 and 5 or 3 minute charts? Do you have to change the period for the calculation of the RSI value for shorter term charts and different markets?
My work is based on the standard RSI fourteen period value calculated on the close price. We use the same value for all time frames for analysis in markets. You can change the period value for shorter or longer term charts, but it will distort your interpretation.

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My primary analysis is based on Elliott Wave Theory. Will your approach of RSI confuse me and conflict with my interpretation of Elliott Wave?
Glad you asked. Many of my course students use Elliott Wave, Fibonacci, Gann and other approaches in their analysis. The courses can be a compliment to your current approach, or be used as a completely independent model.

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Does it work on all markets because I trade mostly stocks?
When I first started back in 1978 I was using it to trade commodity futures. Today I still trade primarily the futures market. What you will learn in the courses you can apply to trade in all types of markets- stocks, futures, ETF's, indexes, cross -rates (pairs) and even cash markets. We have course students in now 28 countries who trade all different markets and all different time frames.

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What if I have questions? Do you offer customer support?
Since I am the one who developed this application then I should be the one to answer the questions. After a student has gone through the course material at least twice we schedule a time where I can answer questions and help them customize and tailor my work to fit their trading style. Upon completion of the course you will understand why over 70% of my students have been referrals from previous students.

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Are your courses designed for the new trader or the more experienced (technical) trader?
All of my students start with the Basic RSI Course. The advanced course, The RSI EDGE, builds on and takes what is first learned in Basic to a whole new level of insight and understanding. Course students have told me that they would not have been able to understand RSI EDGE without first taking the Basic RSI Course. Even technical analysts and those who have traded with RSI for years say they never realized how dynamic and powerful the RSI is as a technical tool.

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How long will it take me to learn your course material and start using what I learn to trader in the markets?
It will depend upon a traders discipline, focus and motivation. Some students have paid for their courses with a couple of trades in just a week or two with what they learned. You will gain a whole new perspective in your analysis and see markets differently almost immediately.

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How do I get started with your courses? I want to become a better trader.
If you want to learn we are here to help you. Go to our contact page, fill out the contact information and let us know which course(s) you would like to order. We use UPS as our courier so be sure to give us a complete street address and local contact phone number to ensure delivery. We can usually have your courses to you within 3-5 business days. Payment can be made via PayPal to trader011@msn.com

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