Many traders use moving averages like 20HMA, 40HMA, 100 HMA, 20 DMA, 100 DMA etc. to find out support or resistance levels. And they are really important as these averages has deep impact on sentiments. Do you care to look at moving averages?
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Many traders use moving averages like 20HMA, 40HMA, 100 HMA, 20 DMA, 100 DMA etc. to find out support or resistance levels. And they are really important as these averages has deep impact on sentiments. Do you care to look at moving averages?
moving average is a good indicator. but i use it only for long term trend recognition. for support and resistance i use daily pivot points , weekly pivot points and monthly pivot points. plus the major highs and lows of recent swing. and also some known points where price struggles.
I am using Moving average indicators for identifying the trend in the given currency pair, but i am new to this identify the support and resistance thing, can you explain a little more about this subject it would be better.
Moving average is very good indicator because i also use this indicator and make money throw this indicator my traders friends also used this indicator this result is so good and in favor or trader you can easy gas rate flactuation.
Moving Average is one of the best indicators to determine the current market trend and then trade on the basis of same.Also moving averages work well on stand alone basis and it is a trusted indicator.Quote:
Originally Posted by ali1011
moving average indicator forex ka sabse ache indcators me se ek hai..me isko hamesha use karta hon aur sath hi sath bollinger band, RSI aur MACD indicator ka bhi use karta hon..Quote:
Originally Posted by dmambi
is indicator ki wajah se trend ka pata lagana abhut hi easy rehta hai
yes i use it just to see the trend and i too want to see the strength of the trend because it is the really important for closing the trades and friends also used this indicator this result is so good and in favor or trader you can easy gas rate flactuation.
Historical charts show that whenever the prices come near moving averages there is noticed strong support or resistance, people use different moving averages to find out support or resistance e.g. 20 hma, 20dma, 100 hma, 100 dma etc.
may ray khyaal say moving average to trend ka pata laganay kay liay isstimaal hoti hain. per kuch traders jo price action per trade kertay hain wo ziada ter 8 or 21 EMA use kertay hain or iss moving average per koi bhi pin bar ya reversal candle kay signal ko trade kertay ha
moving average se break trendline,, bahut achhi tarah se jan sakte hain.. resistance and support janne ke liye..app ko .. ya fir chart main se patta karna padega. or resistance and support indicator use kare yaa fir pivot point jaan le taki appko help mile..