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| VIDEO 64 |
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Strategy 24: ADX & Moving Averages Indicator.
Moving averages can be fun to use when a little outside the box thinking takes part. Some of the common Moving Averages used are: 50, 100 and 200 Exponential, set to Close. A good rule of thumb is to use the 200 EMA as a guidence when the Market is about to reverse. TIP: It'll tend to hit the 200 EMA a few times (three) before it decides to keep going in that direction. The 100 and 50 EMA can be used as alert areas for temporary reversals. It's the big daddy of them all, 200 EMA that dictates the overall trend on the major time frames, ie, Daily time frame. Any lower are just temporary up's and down's in the market flow. This video comes with a MT4 Template file. Save it to the correct templates folder of your MT4 Installation, i.e. C:\Program Files (x86)\HotForex MetaTrader\templates Download the template (Right-click and save the .tpl file to your computer) |
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