Monday, 25 November 2019

Get acquainted with 7MA Forex Trading Techniques

Get acquainted with 7MA Forex Trading Techniques



In forex trading, there are many types of indicators that can be used as options for trading. Even so, not all indicators are often used by traders. This is because sometimes there are indicators that are rather difficult to understand and use in trading. One example of an indicator that is fairly easy to use is the Moving Average indicator. This Moving Average indicator is the most popular indicator among all the indicators ever.

Moving Average itself is usually used by traders to measure the trend of a forex price movement in general within a certain time frame. In addition this Moving Average can also be used as a support and resistance which is usually called the dynamic support and resistance. Named like that because of the movement in accordance with the price that was happening at that time. When a chart is in an uptrend, the Moving Average is functioning as support, on the other hand if it is in a downtrend when the Moving Average is switching to resistance.

7MA Forex Trading Techniques
If you already know the basis of the Moving Average indicator, then next we will discuss 7MA Forex trading techniques. This is a simple technique using 7 MA indicators as the main indicators, both to see the trend or to execute prices. To use this 7MA forex trading technique, you can first set the 5 major MAs using the smoothed method and apply to close, where these 5 MAs will use an additional 8, 24, 72, 200, 480 and 2 MA periods using the method exponential as a SR minor using periods 24 and 72.

The 7MA trading technique itself is fairly easy, because you only need to use the period 8 MA as the main key. This trading technique will be more leverage if used trading on European and American markets. In addition, you can also use the Bollinger Bands indicator with a period of 72 and deviation 2 to see the break and reject rates more clearly.

How to Open Trading Positions with 7MA Trading Techniques
After knowing the basics, we will now try to open positions using this technique. Check out the following steps:

Do an open buy if the 8 year Moving Average has started to head up and try to open a position in a position very close to the Moving Average line.
For the target take profit problem you can use the uppermost band of Bollinger bands in the 72 period which is the limit of the level of break or reject.
As far as the distance between the charts from the Moving Average, it will definitely be pulled back to the Moving Average line which is usually called the balancing.
The Profit Zone of 7MA Forex Trading Techniques
To be able to predict in which direction the price will move accurately, is the most difficult thing in forex trading. But strangely in forex itself there are actually only two positions, namely BUY and SELL. Candlepun movement will sometimes deceive and outwit traders, which makes some traders will be a little affected in making decisions. To help you make the right decision when using this technique, we will review the profit zone in 7MA trading techniques

Moving Average itself is usually used by traders to measure the trend of a forex price movement in general within a certain time frame. In addition this Moving Average can also be used as a support and resistance which is usually called the dynamic support and resistance. Named like that because of the movement in accordance with the price that was happening at that time. When a chart is in an uptrend, the Moving Average is functioning as support, on the other hand if it is in a downtrend when the Moving Average is switching to resistance.

7MA Forex Trading Techniques
If you already know the basis of the Moving Average indicator, then next we will discuss 7MA Forex trading techniques. This is a simple technique using 7 MA indicators as the main indicators, both to see the trend or to execute prices. To use this 7MA forex trading technique, you can first set the 5 major MAs using the smoothed method and apply to close, where these 5 MAs will use an additional 8, 24, 72, 200, 480 and 2 MA periods using the method exponential as a SR minor using periods 24 and 72.

Also Read : Getting to know the Harmonic Pattern Technique in Forex Trading

The 7MA trading technique itself is fairly easy, because you only need to use the period 8 MA as the main key. This trading technique will be more leverage if used trading on European and American markets. In addition, you can also use itn Bollinger Bands indicator with a period of 72 and deviation 2 to see the level of break and reject it more clearly.

How to Open Trading Positions with 7MA Trading Techniques
After knowing the basics, we will now try to open positions using this technique. Check out the following steps:

Do an open buy if the 8 year Moving Average has started to head up and try to open a position in a position very close to the Moving Average line.
For the target take profit problem you can use the uppermost band of Bollinger bands in the 72 period which is the limit of the level of break or reject.
As far as the distance between the charts from the Moving Average, it will definitely be pulled back to the Moving Average line which is usually called the balancing.
The Profit Zone of 7MA Forex Trading Techniques
To be able to predict in which direction the price will move accurately, is the most difficult thing in forex trading. But strangely in forex itself there are actually only two positions, namely BUY and SELL. Candlepun movement will sometimes deceive and outwit traders, which makes some traders will be a little affected in making decisions. To help you make the right decision when using this technique, we will review the profit zone in 7MA trading techniques.

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