HOW TO TRADE WITH THE MOVING AVERAGE LINE?
Hello Everyone,
Today Forex3only will share with you how to trade with MA/EMA line.
1. MA: Moving Average.
2. EMA: Moving Average Exponential.
3. Period: 10, 20, 50, 200....
BUY ORDER
1. The bar was closed above MA/EMA line.
2. Find the nearest bar that closed below MA/EMA line.
3. Define the highest and lowest price between these 2 bars.
4. Entry price = This highest price + N pips
5. Stop loss = This lowest price - N pips
N pips is up to you (could be 5 pips)
6. Take Profit at Fibonacci Extension (127% , 162%, 262% or move stop loss when have the bar reversal).
7. OR you can move stop loss when have the bar closed below the MA/EMA line.
(Example as shown)
SELL ORDER
1. The bar was closed below MA/EMA line.
2. Find the nearest bar that closed above MA/EMA line.
3. Define the highest and lowest price between these 2 bars.
4. Entry price = This lowest price - N pips
5. Stop loss = This highest price + N pips
N pips is up to you (could be 5 pips)
6. Take Profit at Fibonacci Extension (127% , 162%, 262% or move stop loss when have the bar reversal).
7. OR you can move stop loss when have the bar closed above the MA/EMA line.
(Example as shown)
NOTE:
THIS IS NOT A RECOMMENDATION TO TRADE BUT PURELY AN OBSERVATION ON PERSONAL RESEARCH.
YOU MUST MAKE AND MANAGE YOUR OWN TRADING DECISIONS
Today Forex3only will share with you how to trade with MA/EMA line.
1. MA: Moving Average.
2. EMA: Moving Average Exponential.
3. Period: 10, 20, 50, 200....
BUY ORDER
1. The bar was closed above MA/EMA line.
2. Find the nearest bar that closed below MA/EMA line.
3. Define the highest and lowest price between these 2 bars.
4. Entry price = This highest price + N pips
5. Stop loss = This lowest price - N pips
N pips is up to you (could be 5 pips)
6. Take Profit at Fibonacci Extension (127% , 162%, 262% or move stop loss when have the bar reversal).
7. OR you can move stop loss when have the bar closed below the MA/EMA line.
(Example as shown)
SELL ORDER
1. The bar was closed below MA/EMA line.
2. Find the nearest bar that closed above MA/EMA line.
3. Define the highest and lowest price between these 2 bars.
4. Entry price = This lowest price - N pips
5. Stop loss = This highest price + N pips
N pips is up to you (could be 5 pips)
6. Take Profit at Fibonacci Extension (127% , 162%, 262% or move stop loss when have the bar reversal).
7. OR you can move stop loss when have the bar closed above the MA/EMA line.
(Example as shown)
NOTE:
THIS IS NOT A RECOMMENDATION TO TRADE BUT PURELY AN OBSERVATION ON PERSONAL RESEARCH.
YOU MUST MAKE AND MANAGE YOUR OWN TRADING DECISIONS