Sorry for my English grammar because English is not my first language.
In this short article I want to share about another simple trading system. This trading system is using Moving Average indicator. This trading system is a new system, but do not worry to use this trading system because this system is already proven and can gives you more than 70% winning trade.
Do you know that the Forex trading is more profitable than stock market? I have been trading in the Forex market since 2005, and it almost 8 years I work in Forex trading.
I use 15 minutes time frame chart for this trading system, actually this trading system is based on price action. And we only concern for the reversing price in support and resistance levels. As you already knew that the market price usually stops and reverses when it touch the 200 Exponential moving average indicator. Actually this indicator is used by Forex trader to define the current trend in the market. But some expert trader use it as support and resistance. I use 15 minutes time frame chart because if we use less than 15 minutes we will receive so many false signals and if we use more than 15 minutes time frame chart we will need bigger stop loss. But if you have a big account I think it would be matter if you use more than 15 minutes time frame chart.
Forex technical indicators :
1) 200 Exponential Moving Average
2) 800 Exponential Moving Average Indicator
3) 10 Exponential Moving Average
4) Trading Time Indicator
5) Round Number indicator
6) TDI indicator
- We open trade only in London session, because this session is more active than other sessions.
- Open sell trading position when the market price below EMA indicators
- Open buy trading position when the market price above EMA indicators
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