RSI: The Complete Guide [Paperback]

John Hayden (Author)

Book Description

ISBN-10: 0934380880 | ISBN-13: 978-0934380881 | Publication Date: May 2004

Learn how to effectively use RSI, a mainstream technical indicator which is in virtually every technical analysis software package. Properly understood and utilized, it can be a powerful tool to help you time and select trades. This book is an informative guide to the use and interpretation of RSI. Table of Contents: Section I - Preparation and Understanding - The Key to Success! 1. Overview 2. RSI Math 3. Price Behavior 4. The Real Nature of The Market place 5. Price Behavior 6. Basic Retracement Theory 7. Summary Section I Section II - Using the RSI to Trade 1. Conventional RSI Use 2. Professional RSI Use 3. Trend Determination Using RSI 4. The Truth About Divergence 5. Momentum Discrepancy Reversal Points 6. Trend Direction Using Momentum Discrepancy Reversal Points 7. The Relationship Between Price & RSI Retracements 8. Valid Support & Resistance Price Levels 9. Help... A Longer TimeFrame Just Jumped in My Puddle! 10. Conclusion

Product Details

• Paperback: 115 pages
• Publisher: Wasendorf & Associates Inc (May 2004)
• Language: English
• ISBN-10: 0934380880
• ISBN-13: 978-0934380881
• Product Dimensions: 9.4 x 5.6 x 0.3 inches
• Shipping Weight: 8 ounces (View shipping rates and policies)
• Average Customer Review: 3.0 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #733,529 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 13 people found the following review helpful:

5.0 out of 5 stars Really excellent!, September 1, 2004

By 

Steven Phillips (Ada, OK United States) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: RSI: The Complete Guide (Paperback)

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.

7 of 7 people found the following review helpful:

2.0 out of 5 stars Absolutely FULL of errors, August 5, 2007

By 

Nebfire (Idaho) - See all my reviews

This review is from: RSI: The Complete Guide (Paperback)

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.

4 of 5 people found the following review helpful:

5.0 out of 5 stars Great book on RSI!, July 21, 2004

By 

Asian Trader - See all my reviews

This review is from: RSI: The Complete Guide (Paperback)

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.