5 Minute Forex Scalping Strategy using RSI ⛏️

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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

Comments

wajahat hussain says:

that is great strategy sir wowwwwwwwwwwwwwwwwwwww

Derek Donovan says:

Jim Halpert

Casper Larsen says:

I never understand why people like scalping, but i guess its a personality question.. We can agree that the first example he chooses, the win would "only" be 4 pips, yes?

Scott Dee says:

Thanks for this video it’s very good strategy

fernando fischer says:

I don't know men seems to work but it looks like you may have very few opportunities on a week, and needs to be watching to your computer all the time, I think that fro me at least this could be use more as a trigger than a strategy, correct me if I am wrong

Kishan Patel says:

Simply amazing. This guy has made me earn over 70k in 10months and I'm only 20. Huge respect for you. Can't thank you enough

carot2003 says:

Thanks, makes sense..

johnny walker says:

5:46 You say you wouldn't use in normal trading hours? What you mean? No trading this in London + US Session? Or you ONLY trade it DURING these sessions? Please sort me out on this. Appreaciate your work

LWin says:

Thank you so much for the tips!

Tanbir Ahmed says:

What time frame are the candlesticks????

Freedom Traders says:

Absolutely intrested best channel ever

johnny walker says:

Just something I thought you should mention, around the 4:00 mark you say you shouldn't pull the trigger cause it's not oversold enough, right, but it's a divergence, so that should be a sign to enter also

Sarajlija Sanjo says:

Cool BRO..Thank you very much for all trading tips.

mike rega says:

Thanks another way of trading and its interesting. I like trading demo and trying new ideas.

H Rob says:

I really wonder why these videos are published. There are much more instances where the RSI shows overbought and oversold but with the price not following the RSI at all. Beware !

Se Taga says:

I'm really new to scalping… However Is it just me that is really affected by spreads? The difference of 2-8pips can have a huge effect when you're just looking for 2-10pips right?

ma.theresa sarmiento says:

Great! Thanks for this. Falling short of more strategies in the 5-minute space. Glad you mentioned it to be quite pair-specific because RSI responds simultaneously but not as much in other pairs and especially if its already outside the 2 standard deviation.

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