TRADING 800 SMA
Here is a story about the 800 SMA . When you begin your trading session look at each pair you are going to be trading on the 4 H chart. See if any pairs are stuck on the 800 sma . They probably won't move far for 25 bars. Avoid. What ever short time frame you trade from and what ever pairs you trade, make a list of pairs that have been away from the 800 sma for 24 hours or more. Also add to the list any pairs that have been stuck around the 800 sma for 25 BARS and are ready to break away. This helps find what pairs you want to focus on during the day with the rest of your trading strategy.
On my chart you will see price come down to the 800 sma 3 different times. If price hesitates by the 800 for several bars then it may get stuck there for 25 bars. If price bounces away from the 800 sma when it comes down to it then price is still in motion and can set up some trading opportunities for your strategies.
We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week.
On my chart you will see price come down to the 800 sma 3 different times. If price hesitates by the 800 for several bars then it may get stuck there for 25 bars. If price bounces away from the 800 sma when it comes down to it then price is still in motion and can set up some trading opportunities for your strategies.
We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week.
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