Forex 62 ema

By using this site, you agree that we may store cookies on your device. This is to improve your online experience. You can find out more by reading our cookie policy. Want to try a new trading strategy? This first one is a ridiculously simple strategy that a fellow trader shared with me recently. After checking it out for myself, I decided to share this article to help other traders. Trade looking for a price to bounce off when it comes up against the 62 moving average.

I use a 62 EMA exponential moving average weighted to the close. This works best on the four-hour time frame. It really is that simple. The first thing that caught my eye, and that I found particularly interesting, was the number of times that that price traded through the 50 MA the light blue line —a very popular moving average that a lot of traders use to trade off of—but then stopped dead at the 62 MA the red line.

You can choose between the following exit strategies: Once you are 20 pips ahead, move your stop to a few pips better than breakeven. When you reach 30 to 40 pips ahead, move your stop to lock in a 10 pip profit. From that point forward, keep adjusting your stop to be no more than a 20 to 30 pip drawdown from the point of maximum potential profit. The price moves to.

EMA crossover Forex strategy - Globaltrader24

If the price moves to the. If the price continues moving up, move up your stop appropriately; for instance, if the price reaches. Usually if the price decisively crosses through the 62 MA, it continues on in its new direction at least far enough to offer a good profit opportunity trading the other way. And again, note at that point that there are just a couple of small spikes slightly through the 62 MA, but on a candle-close basis the market basically stops dead as if it ran into a brick wall—two four-hour candle closes above the popular 50 MA, but dead and falling back down from the 62 MA.

You might want to check it out for yourself. Okay, how about some five-minute charts for some quick scalp profits here and there? A good friend of mine who has been trading successfully for over 10 years uses this strategy, and it is now his main forex trading strategy. He just sits patiently for a few hours every day waiting for one of these setups, and he virtually always manages to nail at least one or two a day for some very nice profits.

This strategy, too, is very simple. As soon as the pin bar closes, jump in and enter the trade. Ideally, after entering immediately after the close of the pin bar, you want to be able to take a 5 to 10 pip profit within just a couple of candles, that is, within about 10 minutes of getting into the trade.

This can, occasionally, be more than just a small-profit scalp strategy. Every now and then this trading strategy offers you the opportunity to catch a longer-term top or bottom and ride a very small risk trade for a very large profit. If you want to shoot for a bigger profit than 10 pips, you should close out half your position at an 8 to 10 pip profit and move your stop to breakeven.

I marked with a red, down arrow the sell opportunity that occurred right around the center of the chart above. You can see that this is another trade that almost immediately goes into profit, and that could have been held for a nice, short term swing-high to swing-low trade, too. You should choose a trading strategy that fits your personality and style.

Some people prefer trading higher time frames; some are more comfortable doing very short-term trades on minor market fluctuations. The 62 moving average can be a good indicator to trade with, and one that not everyone else is using—which can give you a trading edge.

The 62 moving average seems to work best on higher time frames, like four-hour charts. Watching for pin bars that form well off the 10 and 21 moving averages offers that kind of opportunity—very low risk, and the opportunity to quickly score a profit.

We welcome your comments and questions, and appreciate you sharing this article with other traders. Jack Maverick has over 20 years of experience in futures and forex trading, first as a broker and then as an independent trader. He enjoys sharing the trading wisdom and knowledge he has gained from his own trading experience and from other successful traders.

This trading strategy is solely meant for educational purposes. If you decide to apply what you have learned, you do so at your own risk. Trading on margin carries high risk. Your capital may be at risk. Tradingfo understands the value of information—reliable information equals immense trading power. Two easy forex strategies. Comments There are currently no comments, be the first to post one! Only registered users may post comments.

Contract For Differences Basic Foreign Exchange Intermediate Foreign Exchange Basic Technical Analysis Basic Trading Psychology Basic Money Management Basic Fundamental Analysis Stocks - Fundamental Analysis Professional Trading Strategies Professional trading software Daily Trading Check List 1.

What is online trading? Basic trading rules The financial markets What is foreign exchange? What is the stock market? Home Education Forex Strategies. Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment. Trading in financial instruments may not be suitable for all investors, and is only intended for people over Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice.

Tradingfo, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website.

Forex 62 ema - oxicivaru.web.fc2.com

The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price.

Tradingfo bears no responsibility for any trading losses you might incur as a result of using any data within Tradingfo. Contract For Differences 4. Basic Foreign Exchange 5. Intermediate Foreign Exchange 2. Basic Technical Analysis 1. Basic Trading Psychology 8. Basic Money Management 1. Basic Fundamental Analysis 1. Stocks - Fundamental Analysis 2. Professional Trading Strategies 5.

Professional trading software 1.