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yes i make use of the Moving Averages and i think the Moving Averages is very good in the prediction of the direction of the trend so i will like to advise all newbies to make use of the Moving Averages in other to get the best price of the market and make better profit
really very nice if we had meulai try and perform actions such as the moving Averages very well in the prediction direction of the trend so I would like to advise all beginners to use Moving Averages use indicators that are able to help us when implementing trading and analysis, the indicators used are advised to use indicators that are simple but very helpful to our tradingQuote:
Originally Posted by oreoluwa
Moving Average (MA) is indeed well-known on the traders. The most frequently used those on Forex are SMA and EMA. The initial variation involving simple moving average (SMA) as well as exponential moving average (EMA) is that exponential transferring normal are usually stress and afford additional weight to be able to recent data.
simplicity of using this indicator because it is very easy and simple to use SMA and EMA is commonly used in the trade of trading forex make before we entered the market we should analyze first find the best time to open order to avoid sidewayQuote:
Originally Posted by ramix
Moving average is one of the old and traditional indicator and it can be used in a number of ways to make it count for out trading. however the most important is money management and discipline doing it. whether it is high leverage or not.
MA is one of my indicator in my Mt4, for me most takes a lot times is for analyze the coirrect time to entry, hard trade is the right trade forex business because we have to work extra hard in order to obtain very good results on this line of business.Quote:
Originally Posted by Gaurav Singh
for me i think that it is difficult to understand why the indicator of moving average could be thus because the indicators are to be followed the movements of prices which are at the origin of the indicators frequently send a false signal which you are the users of MY into required to be very attentive if a given signal is valid or not what you must know.
actually the moving average is not such a bad indicators to be used by the forex traders reason being forex is a very bing industy and an indicator as simple as the moving average does show entry points end exiting points.
Moving average is the most common indicators that are using by almost all traders. It shows the value of the current market trend and using it along with pivot points line will give you the data of the following day forecast.
Double Top Formation Components
First High: Bulls push prices upwards making new highs; however, these new highs are short lived and prices retreat.
Second High: Prices don't retreat for long because bulls make another run, making a similar high. Nevertheless, this is bearish, because bulls were unable to push prices higher; bears held their ground at the previous high level. The bears push prices back to support (Confirmation line); this is a pivotal moment - either bulls will make another push higher or bears will take control and push prices even lower, more than likely taking over for good.
Double Top Sell Signal
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Note that traders expect a significant increase in volume to accompany the confirmation line break; if there is very little volume when price pierces the confirmation line, then the move downward is suspect. Small volume usually means weak support of price movement (see: Volume).
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Double Top Formation Components
First High: Bulls push prices upwards making new highs; however, these new highs are short lived and prices retreat.
Second High: Prices don't retreat for long because bulls make another run, making a similar high. Nevertheless, this is bearish, because bulls were unable to push prices higher; bears held their ground at the previous high level. The bears push prices back to support (Confirmation line); this is a pivotal moment - either bulls will make another push higher or bears will take control and push prices even lower, more than likely taking over for good.
Double Top Sell Signal
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Head and Shoulders
The Head and Shoulders chart pattern is a heavily used and quite profitable charting pattern, giving easily understood buy and sell signals.
The chart of Home Depot (HD) below shows a Head and Shoulders pattern:
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Head and Shoulders Components
Left Shoulder: Bulls push prices upwards making new highs; however these new highs are short lived and prices retreat.
Head: Prices don't retreat for long because bulls make another run, this time succeeding and surpassing the previous high; a bullish sign. Prices retreat again, only to find support yet again.
Right Shoulder: The bulls push higher again, but this time fail to make a higher high. This is very bearish, because bears did not allow the bulls to make a new higher or even an equal high. The bears push prices back to support (Confirmation line); this is a pivotal moment - Will bulls make another push higher or have the bears succeeded in stopping the move higher.
Head and Shoulders Sell Signal
If prices break the confirmation support line, it is clear that the bears are in charge; thus, when price closes below the confirmation line, a strong sell signal is given.
Note that a downward sloping confirmation line is generally seen as a more powerful Head & Shoulders pattern, mainly because a downward sloping confirmation line means that prices are making lower lows.
Reverse Head and Shoulders
The opposite of the Head & Shoulders pattern is the Reverse Head & Shoulders pattern which is another strong pattern, this time a bottoming pattern.