When to trade using the moving averages?
Trading with signals can be daunting, so here is a little help to of what I noticed…Hope this helps.
I noticed something yesterday on the trade, I’d like to share. I recently added the Moving Averages (MA) to my trading. I used longer timeframes to trade but shorter timeframes for entry and exits. Even though the 50 day MA, crossed the 100 day MA on the 30 mins. It was supported on the 4 hours chart. That’s why the short term dip. For a lasting fall the 50day MA, must cross the 100 day MA on the 4 hrs, then the daily.
The opposite is true.
If the pair is moving from one the 50 day MA to the 100 day MA on the 4hr, then it is ranging.
In this case make sure you lock your profits at oversold or overbought on the stochastic or RSI.
This strategy can me used in any timeframe. Along with the crosses of the stochastic and the MACd.
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