The Complete RSI Book will attempt to convey the information that a trader would want or need to know about the Relative Strength Index. There is a considerable body of information that has been gathered concerning the RSI since 1 978 when Mr. Wilder promoted this indicator in his groundbreaking book.
Introduction:
This book is divided into two sections. In Section I, the focus is on developing the basic knowledge of the Relative Strength Index that is necessary to use with the advanced concepts. Without a thorough understanding of the basic concepts that are involved, the trader will have neither the courage nor confidence to consistently take action when the price action conveys a valuable clue.
Section II focuses on integrating the basic knowledge of price behavior, retracement theory and various timeframes with RSI theory. Also in Section II, we will learn how to enter and exit trades more profitably. While it is impossible to discuss all of the knowledge that is available on the subject of the RSI, when you have finished studying this short book you will know how to use it to determine:
- 1 . The current trend.
- 2. The best entry/exit prices for a trade.
- 3 . Price levels where contra-trend market retracement will likely end.
- 4. Basic Price Retracement Theory and Momentum Discrepancy Reversal Points.
- 5. What is meant by the term “time frame”.
- 6. How to determine the dominant market “timeframe”.
- 7. When a different “time frame” is negating or overpowering the present timeframe.
- 8. How to determine upside or downside price objectives that have high probability of being reached.
Contents:
Section I – Preparation and Understanding – The Key to Success!
- RSI Math
- Price Behavior
- The Real Nature of The Market place
- Price Behavior
- Basic Retracement Theory
- Summary Section I
Section II – Using the RSI to Trade
- Conventional RSI Use
- Professional RSI Use
- Trend Determination Using RSI
- The Truth About Divergence
- Momentum Discrepancy Reversal Points
- Trend Direction Using Momentum Discrepancy Reversal Points
- The Relationship Between Price & RSI Retracements
- Valid Support & Resistance Price Levels
- Help… A Longer TimeFrame Just Jumped in My Puddle!
- Conclusion
The Complete RSI Book By John Hayden pdf RSI: The Complete Book By John Hayden pdf
Rhea Pineda (verified owner) –
Minus the mistakes (assuming there were, though I have not done the findings), it is a great book on RSI. I have used RSI for my trading and the techniques mentioned in this book does work. The only disappointment was that it only included a basic review of Fibonacci retracements.
Esperanza Hubbard (verified owner) –
My criteria for good books on trading are: 1) originality of the material; 2) applicability of the material to my own trading; and 3) contribution of the material to the broadening of my trading worldview. This book succeeds on all three points.
I was not previously aware of the multiple uses or depth of the RSI indicator. This book shows how to discern underlying market currents that are not readily obvious through other means. If you are interested in technical indicators, this work might prove to be a profitable read.
Forrest Watson (verified owner) –
This book is poorly written overall and is far from complete and there are quite a few errors. The only thing this book has going for it is that there isn’t much out there on RSI. Yes it is true, a bullish trend is between 40-80 and a bearish trend is between 20-60, however the author does not really explain how to really tell when there is a shift from bullish to bearish and vice versa. I am far from sold on the whole divergence thing allthough it does work from time to time. There is a much simpler way to tell when price is consoladating and how to tell when it is breaking out of consolodation and which direction.
Frankly, I think I am going to write my own book on RSI because it is desperately needed.
Matteo Rasmussen (verified owner) –
I have used RSI in the past but not with the effectiveness I am now, thanks to Mr. Hayden. As a trader I am always looking for that different perspective. Mr.Hayden shows aspects of the market I had not considered before. I found his work original, concise and usable. Thank you Mr. Hayden for enriching my trading.
Gerardo Hail (verified owner) –
Unfortunately there are not very many books on the RSI indicator, or I would have never considered this publication. Although there are a few useful concepts that may be unique with John Hayden, much of what is discussed has been around for quite awhile (80/40 and 60/20, hidden divergences, etc.). Other than support and resistance, RSI patterns are never even discussed. The main complaint here is that the book is absolutely riddled with errors, and many of them in key areas of discussion.
For example: The numbers in the spreadsheet illustrating the RSI formula construction do not add correctly. The author skips from RSI rule #1 to #3 with no mention of #2. Many of the reference labels discussed in the text are missing in the charts. At least one chart is shown in a different time zone than what is under discussion in the text. Be assured, this is only a very small sampling. I have read a few discussions of this book in various trading forums and their complaints are considerably more harsh than mine.
I find it amazing how this book made into publication with so many errors. The whole book, from cover design to content is very unprofessional, especially for the price. I have since contacted the author and publishers inquiring about updates. There has been no response.
Lainey Black (verified owner) –
An interesting book that attempts to use evidence based technical analysis but many studies show that the RSI strategies fail the profitability test. Nevertheless, it is full of good ideas and explanations about what traders do.
Onyx Bradford (verified owner) –
Excellent book.
Please read it many times, go through it while you practice in a demo account. Thanks J. Hayden for teaching how to trade the RSI properly. It is an eye opener book. The second rule not mentioned (as previous reader stated) is on page 62. Also page 72 says which is the rule #2 it is the simple divergence that confirms the existing trend. I recommend this book for all class of traders and from novice to advanced. Thanks once more for this gem i have more confidence with my trading. However have tried to reach Mr. Hayden at the email appearing in the last page but in vain his site does not exist. It should be wise Mr. Hayden to make his appearance through a site and to notify the readers where he can be reached.
Rylie Salazar (verified owner) –
I think it is a good book about RSI as it correct my misunderstanding of how to use RSI before. As there are so little books about RSI, I think it is a must read book for learning it. I bought it From a second hand from Amazon as no more new book available. But still, I enjoyed it so much and thanks a lot, John Hayden.
For those who want to learb more, can also read the “RSI: Logic, signals & time frame correlation” book from Walter J. baeyens. I also bought a second hand from Amazon. Together with John’s book, I learner a lot.