How to Identify and Trade with the Trend in Forex – High accuracy Multi Moving Average trend analysis (using simple tactics). In this article, we will learn how to identify market trends in forex and CFD using charts and graphs to identify the market opportunity and explore advanced tools.
Trading NOTES
- DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
- Use a demo account or a small live account first to practice this trading system
- Time Frame: M5 or higher
- Currency Pairs: GBPUSD, EURUSD, USDJPY, GBPUSD, AUDUSD, and USDCAD
MetaTrader Trading Indicators
- Moving Average
- Cable Indicator System
- Commodity Channel Index
BUY Rules
- Moving Average: Bullish (guppy MA blue is > Guppy MA green)
- Commodity Channel Index (CCI line): Upward and above level 50
SELL Rules
- Moving Average: Bearish (guppy MA blue is < Guppy MA green)
- Commodity Channel Index (CCI line): Downward and below level -50
Trading NOTES
- Use a stop loss 300 pips and a trailing stop of 200 pips
- H4 TF trading
- 5 digits broker
- Trade only in the direction of the trend