Forex Trading Strategies

5 SMA and 5 RSI Forex Trading Strategy ๐Ÿค›

5 period SMA and 5 period RSI Forex trading strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This is a 15 minute chart USD/JPY – we have a simple moving average (5 period), also below that we have the Relative Strength Index (5 period). We also have a line showing the middle point between oversold and overbought conditions. This strategy looks like whipsaw heaven but let’s examine it into more detail and see if we can tweak it to turn it into a profitable strategy. You go long when the price moves above the SMA and the RSI is above the 50 period line. We also add another criteria in that we need a 10 pip move above the simple moving average.

Articles You May Like

Forex Part Time Trading System 12 – Continuation Formations
‘Pin Bar’ Forex Trading Strategy – Pin Bar Definition ยป Learn To Trade|PriceAction
The AUDUSD trades to highest level since February 6th
Forex Trading for Beginners #7: How to Read a Forex Chart by Rayner Teo
Stocks make new highs. Dow back above 26K.

Leave a Reply

Your email address will not be published. Required fields are marked *