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Movingaveragestrategy

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. 🤲 If you are enjoying the lesson, please hit the like show your support. 🤲
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by YertuntsTrader
2
Bullish BTC 05 May 2022We can estimate with a 90% confidence that the volatility for today is going to be below 3.82% based on the last 4267 Daily candles. Having said that, lets take a look at the support and resistence points from this current position BOT = 41000 TOP = 38000 From the fundamental point of view, yesterday we had the release of the interest rates, so I believe currently we are in a short relief moment, where we can have for some days/weeks a small bull trend For today we have no big volatility news, so we cant expect big surprises. From volume point, we can see that the point of concentration is around 39000-39500. From technical analysis point, we can see that yesterday on 15min, we had a long entry alert around 38200 At the same time, on 30 min it happened the same around 38700 Lastly on 1h we had as well an entry around 39000. So overall there is a very confidence that we are going to have a small bull moment period(days, weeks? )
INDEX:BTCUSDLong
by exlux