Dear Senior Traders
I am still considering myself a novice in fx trading, thou I am doing it in mainly in part time basis for the past 2 years.
I recently have formulated my own trading method like many of you by focusing on using as fewer indicators as possible. Basically I am on candlestick formations (PA), TL, SL, RL on H4 & Daily TFs. Maybe or maybe not to include BB and/or MA.
About MA, I have read a number of articles mentioning the popular use of 50, 100 and 200 MAs. Would some of you explain WHY these MAs are chosen (popular)?
Is it good to incorporate MAs? Why?
All inputs are welcome. Thank you for your time.
I am still considering myself a novice in fx trading, thou I am doing it in mainly in part time basis for the past 2 years.
I recently have formulated my own trading method like many of you by focusing on using as fewer indicators as possible. Basically I am on candlestick formations (PA), TL, SL, RL on H4 & Daily TFs. Maybe or maybe not to include BB and/or MA.
About MA, I have read a number of articles mentioning the popular use of 50, 100 and 200 MAs. Would some of you explain WHY these MAs are chosen (popular)?
Is it good to incorporate MAs? Why?
All inputs are welcome. Thank you for your time.