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Author: trago1 - Replies: 4 - Views: 964
Price action Strategy with Moving Avergaes
Hi

I would like to share one simple price action observation.Use of slower SMA(simple moving average) and faster EMA(exponential moving average).You can use any number you like, from 3 and above for slower SMA and from 2 and above for faster EMA.
I use EMA 2 and SMA 7. Rule is rather simple: We need a crossing of both.If EMA 2 is above the SMA 7 BUY and vice versa, if EMA 2 is bellow SMA 7 SELL.
Task