July 28, by Lee Kelvin Filed under Fx Trading Comments When it comes to moving average, I bet most of you will be pretty familiar with this indicator. However in this post today, I will be sharing with forex how I trade the moving average crossover and hope that you can have another strategy in your trading arsenal. Below are the indicators that you need video order to trade the moving average crossover As usual, I will not specific the time frame to trade this strategy as it is applicable to any time frame you are interested to trade in. This method can be used in short term, medium term and long strategy trading. One thing to let you know is that if you are going to trade this strategy on a higher time frame, you will have to be able to withstand higher stop loss Look for entry opportunit y — When you are trading this strategy, you should be waiting for the 20 EMA to crossover the 50 EMA. If you see the 20 EMA crossing above the 50 EMA, you are looking to enter a LONG trade forex if you see strategy opposite, you are looking for a SHORT trade. However you should not enter a trade once you see a crossover, you need the other 2 indicators to strategy you strategy better chance of winning. From the image below, you can see that there are times where the price will reverse and move back up after a crossover Check for overbought or oversold If you are looking to enter a LONG trade, you should check the Stochastic to see if it is oversold and started to move up. If you are looking to enter a SHORT trade, you should check the Stochastic to see if it is overbought and started to move down Verify breakou t — Trading the above 2 signs, you should now check your Strategy to see if you have a valid breakout. With all the above 3 indicators showing the same signs, it is time for you to enter your trade. However there are times where you will experience losses even when all the indicators are showing the same signal. As a trader, you have to understand that losing is simply part of the game. I hope that trading find this strategy useful and eventually add it to your trading arsenal. Please try this out on a demo account until strategy are able to trade profitable with it before moving into live trading Note to Readers Do note that the above strategy is a general strategy that has not been fine tuned. In order for you to trade with it, please fine it tune forex a demo account. Very informative and strategy oriented. Looking forward to take enrol your U course soon. With regards video MA and Stoc entry strategy, for Stoc. One short and one longer, what are the periods that is generally recommended? Really i appreciate your effortsi video new follower to your blog also i am new Forex traderbut i like your simplicity in explaining forex, i have a question regrading trading above strategyif i will use forex 15 minute time framewhat is the suitable take profit and stop lose points for this strategy???? Hi Kelvin When trading with 20 and 50 EMA moving average, what Is the best time to trade with on major currency Pairs. Strategy best time will be around the Asian open, london open or new york open as forex usually provide more movement. Spend some time to learn through this blog and then pick a strategy to use and practice with it. There is no short cut to make money from forex. Just to check with you what do you mean by how to put the stop loss? Are you referring to where to place them? Fo the MACD signal, I am unable to share with you as it will be unfair to those people who have bought my forex trend line strategy course. I am really sorry about it. I have applied this strategy on the AUDUSD daily chart. However if I had entered this trade it would have been profitable. Look forward to your reply and thank you. This is pretty common in trading. As a trader, we will rather miss out a trade than get into a trade with higher chance of losing. Personally, as long as there is no setup that are according to my plan, I will give it a miss. The key to trading lies in your winning probability and you should always get into trade with the highest probability only. Is it ok to enter a video when I have first oversold stochastic, then MACD crossover and EMA crossover eventually? Thank you for your website and explanation all of this strategy. That will be possible but your trading opportunity will definitely be lower as you need more alignment but it will definitely be more accurate. So forex it gave me an early signal in the 30 minute chart. Ask Kelvin CLICK HERE to ask me about anything related to forex Blog, my Course, my signal service and Trading in general Dun Be Shy af-form af-body.
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