Moving Average Trade

Hellow Friends

Trading using three moving Averages EMA 150,EMA70 and EMA 20. I am using this simple method for my live trade.

Before we explain further about the system. Let us talk about Market to Market

Asia Market is Slow

Frank Fert always proivdes you false break outs

UK market provides you the direction and you can go with the flow

US Market keeps the same direction of UK but sometimes changes the course

As a trader over and above any system you should be aware of the general news affecting the country and you can plan the trade accordingly over a period of time say one week to Two Weeks

The latest EG of US Q2 and the current Development in Europe provides you in which direction you should be placing the trade .

The next post will describe the system

http://cdn.forexfactory.com/images/misc/progress.gif

Our Main Trade plan is based on H1 Chart which proves the big picture of the trend.

EMA 20,EMA 70 and EMA 150 are like support and Reistence

If you notice In H1 Chart that all moving averages has cross over to the upside the General Trend is to the upside but you will place the trade for a long by looking at your M15 or M5 Chart

In M15 or M5 you will wait for the price to reach say near EMA 20 or EMA 70 for placing the Long Trade

The same Logic for going for short Trade

Chart H1 showing the Trend and Chart M15 showing where you can place the trade

Trading is basiclly price Action and we should also learn about the candle stick patterns to improve the trading.

Big Pin bar to the bottom or to the TOP in H1 Chart shows that the trend is going to change

Chart showing the pin BAR candle placment in H1 CHART and how you will carry out the trade

Your system sounds good, but can you give us some more examples of your trading ?
Your using it in live trading right, so whats your avarage r/r and whats your average profit with this system ?
What about stops, where do you place them and where do exit your trade ?
Thanks.

H1 and M15 trade of moving average

H1 chart and the power of EMA 150 and if you change the chart to h4 it has not gone much beyond below ema 150

support line in H4 chart and narrow it down to the lower time frame based on your pip preference

It only took a year and a half to find those trades!

H1 chart with notes

show your strength through charts only

In H1 chart it is getting support at EMA 150 and in H4 it is not even EMA 70 or EMA 150

In H1 chart tried to touch again the Pin bar, but failed as i said yesterday RSI reading was down.

Crossing the pin bar in h1 chart will show the reall bull movment

HI...

Can you please help me I want 7 EMA & 21 EMA to alert me very time when 2 candles cross down or up .I can't code