Price action Strategy with Moving Avergaes

[trago1]

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.

 

[scottscomps]

RE: Price action

Have you tested your observation though, what is the probability of an EMA of X crossing an SMA of Y

 

[Manuel Ferrera]

RE: Price action

When any new trader wants to invest in forex, he will have probably little practical knowledge about the trading process and the market. It is very much needed for the new comer to operate a demo account before he invest into the market. By using demo account he can get practical knowledge about trade and market. When I was thinking to invest in forex, at first i created a demo account in Tpglobalfx, where i could learn all the basics of the trading policy. It helped me a lot.

 

[sbakary2000]

RE: Price action

Merci

 

[Doherty James]

RE: Price action

Any strategy we use should be done wisely because it’s where our success and failure comes in. I find it relatively easier through FreshForex broker, who are super supportive in many ways. I find it likeable with their 200% Deposit Bonus as well.

 

[mondayrebel]

RE: Price action

Thanks

 

[kingwize]

RE: Price action

If you are a new trader and want to have the best investment and knowledge in trading then CLICK HERE

 

[Doherty James]

RE: Price action

Having a good strategy is so vital and makes really noticeable difference for one to be successful through. I like it a lot more with FreshForex and their highly supportive features and facilities from low spreads to high leverage and trading bonuses upto 101%, its super cool.

 

[Manuel Ferrera]

RE: Price action

We all know that broker is an important tools of trading. I am currently trading with Tpglobalfx. They have tight spread starting from 0.01 pips and high leverage maximum 1:500. on the other hand they have 56 pairs of FX. You can select your type of account from their four types of account. They provide 24 X 5 customer support. They offer multi market symbols to expand the horizon of your trading skills. I think they will be the best for you.

 

[Jibonuo]

That’s the best combo according to my own experience, I use EMA200 with my Price Action trading knowledge! Actually I use live trading account to Eurotrader broker, where I get a straightforward trading chart (without wrong data), so it helps me a lot to make a fair chart analysis!

 

[Jibonuo]

Traders don’t know the ways or tactics of cutting down trading risk. You can lower your risk by using low leverage, narrow trading spread, flexible margin, avoiding trading in volatile market, using micro account and other techniques can help you lengthen your trading profit. All the facilities of Eurotrader broker help traders lower their trading risk.

 

[Jibonuo]

Fo price action trading, we see many traders follow moving average strategy because moving average shows traders trends and technical points. Eurotrader is a perfect broker for newbies because they allow traders with a 111% deposit bonus.