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I use the Sensex hourly chart to discuss ways of trading markets for short-term trades that could last from a couple of hours to a couple of days.
This methods and strategies can be used in any market or for any trading instrument.
I discuss three approaches:
(1) Based on RSI 26 period instead of the default 14 we look at ways to trade instruments when the RSI shows uniform / symmetrical reversal around key RSI levels of 69.1, 50 and 30.9.
(2) Based on RSI 26 period instead of the default 14 we look at ways to trade instruments when the RSI shows uniformity / symmetry on previous RSI buy or sell signal lines.
(3) Based on MACD line moving above or below the zero line of uniform activity / support or resistance at the zero MACD line.