5 Minute Forex Scalping Strategy using RSI. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE Here’s a simple scalping strategy to be used on EUR/USD and GBP/USD on 5 minute charts. So we have the 14 period RSI (RSI identifies oversold and overbought conditions). We want to be looking for shorts when we are overbought and longs when we are oversold. In addition to that we are looking for the shooting star pattern. This stops you getting caught out too much and you’ll find that in many days you’re not even taking the trades. I wouldn’t be using after big data; I would use it during normal trading hours but I think its a good foundation to build a strategy on.
Shooting Star Candlestick Pattern reviewed here: https://www.youtube.com/watch?v=9HzqRFjcmTc