Trading Articles

The term “price action strategy” is a broad term used to describe trading strategies. You can think of it as a category, just as you would a fundamental trading strategy, an indicator based trading strategy, or even a high-frequency trading strategy. In this case, the trading strategy focus remains on the one driving force of markets: price....

One of the useful courses in the Traders Street – Forex Fundamental Analysis - teaches traders how to use fundamental analysis of currencies to achieve more profitable Forex trading. In this article, I will conduct a “live” fundamental analysis of two of the four major global currencies which are most traded by volume (USD, EUR, JPY and GBP), showing how it is done, and how to interpret the analysis. The data I’ve used is from the six-month period from March to September 2018, so you can see going forward how useful the resulting forecast really was.

In this piece, we are going to walk through a simple reversal scalping setup that you can use to scalp in-and-out of the market for 10 pips a piece, or more if you want to let the trade run. To help catch a reversal, we are going to use the Relative Strength Index, or RSI, indicator. This indicator is known as a “momentum oscillator” meaning that it measures the speed and change of price movements. The RSI has absolute values that oscillate between zero and 100.