Saturday, November 12, 2011

The easiest tradingn method !

This is the most simple technique to learn and  to use. I will show you how to do it in simple steps.
  1. Use the daily chart of any pair you want to trade (ex. EURUSD)
  2. Mark all the horizontal levels ( support and resistance)
  3. Set up 2 moving averages the  8 and 21 day EMA.
  4. Look for the overall trend ( diverging moving averages )
  5. Look for moves AGAINST the overall trend. They tend to test horizontal levels and dynamic resistance,and bounce back.
  6. Look for price action signals at these Horizontal levels. 
  7. If you spot a signal, execute the order, and don't forget to set SL and TP
  8. Take your money !!!!!!
If you don't know what EMA's, and diverging moving average are, please go to the article " how to identify a trend"

You can also go to my website here.

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