When you look at your forex chart as a beginer,you can see how empty it looks with only
candlesticks.I believe that an average beginer will not know what to do but its simple.
We will apply a simple moving average 100 to our chart.Now you can see exactly where its
pointing,its showing you direction about the curent direction of the price.
What this exactly means is that,as the moving average 100 is pointing up and candlesticks above it,we will always find a low point to buy into the moves,and if price is below it as it oints down,we will try to find high point to sell into the moves.
THE MA 100 SERVES AS THE DIRECTION.
Then how do we know the high to sell and the low to buy?This is where we will apply another
new simple moving average 20 to the same chart then we can see how it goes up and down
arround the big ma 100.
As the ma 100 is pointing up and the 20 is above it,or the 20 came back and close above the ma 100,this is where we buy the moves.We buy the 20 when it pulls back to the 100 and close above the ma 100.
Its same idea of selling ma 20 when it pulls back to the ma 100 and close below it.After setting up your chart with those 2 moving averages,the direction of the 100 and the pullback
of the 20 is what matters.
WATHC THIS VIDEO ABOUT THE MOVING AVERAGE TO HAVE AN IDEA OF THIS
As you watched the video,you saw how i display to you those dinamic cross of both ma and
noticed those arrows in the video showing you with signals,both the cross and pullback of ma 20 against the ma 100.
You wouldint want to miss those perfect entries,right.YOU CAN BUILD SAME ARROW BY
YOURSELF AND ALSO IF YOU LIKE THOSE CCI WHICH ALSO TELLS YOU TO ENTER
OR WAIT.
Dont forget that right timing on right information is only what you need.
IF YOU LIKE TO BUILD YOUR OWN ARROW WITHJOUT CODING,CHICK HERE
Finally,i will say that,because your chart is a trend following chart for scalping 20pips and for
long term trend following.Now if youn dont also have any tool that gives fast and clear info
on trend direction,then the process of success is not complete.
Staying away from a pair that will not move or that has moved and became tired of moving
is the best asset you can ever use to make your strategy work consistently with your chart.
This is where this trend scanning tool comes to play.
Let me say that,a good trend following chart plus a good trend detector arrow plus a good trend scanner is your success tool in this game.
SEE THIS TREND SCANNER RESULT AS I USE IT DAILY TO GET THIS RESULT
FINALLY,THIS IS A VIDEO OF THE TREND SCANNER
THANK YOU
CONE
No comments:
Post a Comment