Three shorts moving averages crossover - forex market hours europe

Three shorts moving averages crossover ~ forex market hours europe

Three shorts moving averages crossover is an trading systems based on fast exponentials  moving averages are simple and easy for make trading. 
Markets: Currency pair, Indicies. 
Time frame chart: 15 min chart, or higher.
Indicators: 9 EMA, 21 EMA, 50 EMA. 

Trading rules:
Buy
9 EMA goes above 21 EMA and 50 EMA.
Sell
9 EMA goes below 21 EMA and 50 EMA.

Exit position rules:
exit when 9 EMA crosses 21 EMA in opposite direction.
Make profit on the support or resistance line or pivot point.
Place initial stop loss on the previouis swing High/Low.
Advantages: it is simple to use, and it make interesting results in trending market or during big price breakouts .
 Disadvantages: during the sideways market  with little fluctuation of the price this strategy give many false signals.
Solution: find the market in trend following and apply this trading system and trades only in the direction of the trend.
Three shorts moving averages crossover is a classic trading strategy.

Three shorts moving averages crossover

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Stochastic Oscillator with trend line - forex market hours easter

Stochastic Oscillator with trend line ~ forex market hours easter

Stochastic oscillar with trend line is a trend momentum trading system. Time Frame any but  4H or daily recommended.
Markets: Currency pairs, Commodities and Indicies.
Indicators: Full Stochastic (14, 3,3, close).
Too:l trend line.
Trading rules Stochastic oscilllator with trend line
Draws on the chart trend line. (find chart in trend this is a basic condition). trades only in direction of the trend.
Buy
Oscillator stochastic reached oversold area below level 20 and after reached level 10 when exit from oversold zone and crosses upward 20 level you make a buy order.
Sell
Oscillator stochastic reached overbought area above level 80 reached 90 level  when exit from overbought zone and crosses downward 80 level put a sell order.
Advantages: With the trend line on the chart to eliminate many of false signals. This strategy is very simple for trading.
Disanvantages: The stochastic indicator can generate many false signals. Tracing a trend line requires experience. How to draw a trend line

Stochastic oscillator with trend line

Stochastic with trend line

How draw a trend line

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Indecision Candlestick Pattern dragonfly doji - forex market hours sunday

Indecision Candlestick Pattern dragonfly doji ~ forex market hours sunday

Dragonfly doji

The candlestick pattern dragonfly doji is a formation that is not frequently, but when it happens it often presages a turnaround in prices as it shows that prices dipped but then recovered to opening levels.

Dragonfly doji has the open, high and close are equal and the low creates a long lower shadow. We have that Dragonfly is a candlestick looks like a "T" with a long lower shadow and no upper shadow. Dragon fly fly doji shows that sellers control trading and drive prices lower during the session.

But, by the end of the session, buyerss are able to overturn the prices high to the level of the opening.

Why we consider dragonfly as a pattern of indecision in the market?

Because pattern dragonfly doji depends on previous price action and future confirmation of the forecast.. The long lower shadow indicates a buying pressure, but the low shows that many sellers still crontrol the market. After a downtrend, long black candlestick or at support, a dragonfly doji could indicate a potential bullish reversal or bottom. After a uptrend, long white candlestick or at resistance, the long lower shadow could foreshadow a potential bearish reversal or top. Bearish or bullish confirmation is required for both conditions.

We agree with the interpretation that dragonfly doji is a indecision pattern. 

Dragonfly Doji Candlestick Pattern Quiz

1.What is the structure of a Dragonfly doji pattern??

• The open, low and close equal and the high creates a long upper shadow
• The open, low and close equal and the high creates a short upper shadow
• The open, high and close are equal and the low creates a long lower shadow

2. Why Dragonfly is a pattern of indecision in the market?

• Because buyers are more that sellers
• It provides an indication that do not depends on the future price action for confirmation
• Because it provides an indication that depends on the future price action for confirmation

3 When it appears to Dragonfly doji What should a trader?

• Sell at the opening of the next candle
• Wait
• Buy at the opening of the next candle

Score =

Correct answers:

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