MOVING AVERAGE TRADING | ADVANCED LESSONHello traders 👋
Today im sharing my trading strategy with moving average.
What Is an Exponential Moving Average (EMA)?
An exponential moving average (EMA) is a type of moving average, but it's better than MA(Only my opinion. It is one of the most important things in forex trade. Because this gives you the best direction of the trend.
How to trade And Use moving average. 🧑🏫
When most traders use it moving average crossing. I don't think it's a good strategy. For me, when using it, looks at a trading setup.
1. Looking daily timeframe 👀
This is because you want to find the price action for a longer period and not just some light movement.
2. Draw ✏️
To draw a trend line ( if you don't know how to draw trendline watch my last lesson)
3. Add 50 EMA 📉
4. The Basics of Support and Resistance + key levels ✔️
the concept is applied in order to maximise the chances of winning trades.
5. Looking for entry + risk management 💰
Always wait for confirm example; trend line break + price making lower low + pullback + add indicators.
In this lesson, we expect EURJPY to fall below 134.50. Let's see what happens in the future.
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