A Trending market is one that it's either moving upwards or downwards...
Not just sideways
Not just sideways
Hence Moving average works well, in this type of market..
So that u can correctly use it.
Because u would see most traders saying that MA is not working for them, without knowing that they used it in a wrong market condition
So that u can correctly use it.
Because u would see most traders saying that MA is not working for them, without knowing that they used it in a wrong market condition
U should note that The smaller the period of a Moving Average, the faster it is to react to the price
After inputting your "7" period MA and the "14" period MA in your Chart with different colors
Also the larger the period of a Moving Average ,the slower it is to react to the price
So as u insert your MA to the Charts,
U watch and wait to see the time when the fast MA on your Chart (it depends on the one u added)..
So you watch and wait when the fast MA on your Chart crosses the Slower moving MA
U watch and wait to see the time when the fast MA on your Chart (it depends on the one u added)..
So you watch and wait when the fast MA on your Chart crosses the Slower moving MA
When you spot the 7 MA cross the 14 MA... U should note the direction of the cross
When you spot the 7 MA cross the 14 MA... U should note the direction of the cross
We are making money when a Currency pair is Falling and we are Selling
So we also use MA to identify Trends and When a Trend would likely change...
We mean the overall market trend here
We mean the overall market trend here
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