Scan the crucical pivots with higher profit chances.
GBPUSD, H1, 2011 July 06
GBPUSD, H4, 2011 July 06
H4: Multiplex use several different moving averages at once, but they offer different pieces of the puzzle when planning our trades. When the market is steadily rolling along (here downside) moving averages keep us in our trades, but if something changes, such as a moving average crossover, we'll likely get out or trade the new direction.
When moving averages do cross (H41) you should take notice. If the fast EMA crosses below the slow EMA it likely confirms new downward price action. However such crosses should not prompt you to place a trade, as it often occurs too late and will put you in the market an unfavorable risk/reward ratio.
GBPUSD, H1, 2011 July 06
GBPUSD, H4, 2011 July 06
H4: Multiplex use several different moving averages at once, but they offer different pieces of the puzzle when planning our trades. When the market is steadily rolling along (here downside) moving averages keep us in our trades, but if something changes, such as a moving average crossover, we'll likely get out or trade the new direction.
When moving averages do cross (H41) you should take notice. If the fast EMA crosses below the slow EMA it likely confirms new downward price action. However such crosses should not prompt you to place a trade, as it often occurs too late and will put you in the market an unfavorable risk/reward ratio.