I’m going to start a 5 part series on the main indicators that I like to use after I have found a great swing opportunity! Ima jump right into it. This section will be all about Moving averages I use 7 different simple moving averages set to the close; 5,8,21,50,100,200,500 You may use Exponential moving averages for your charts but I prefer Simple, it is entirely up to you. The main difference between these two is that exponential moving averages (EMAs) put more emphasis on the latest most current price movements, simple moving averages are just that… Simple. Yhey take the weight of the pre … Read more
Keeping an eye on the EUR/GBP currency pair or Chunnel as some have nicknamed it for the next couple of days as its approaching some heavy resistance with divergences appearing near the top as you can see on this monthly chart. I’l be looking to sell the Euros on this play and ill be going more in depth with closer time frames, indicators and news when choosing an entry as it gets closer to my target price around .9250 so check back with me soon!
Alright for all you guys that are interested in forex trading I’m starting a Forex Swing/Scalp Challenge where il trade my way from $600 to 3k that’s just shy of 500% for this account.Il be posting screenshots and info along the way! Hit me up at email@example.com