10 SMA With 200 SMA Forex Trading Strategy πŸ’‘

Forex Trading Strategies
10 SMA With 200 SMA Forex Trading Strategy. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Simple 200 and 10 period moving average trade you can use for swing, intraday or long term. This is an interesting trading setup, one for you day traders, one for you swing traders and one for you position traders over the longer term. It is very simple to trade and I quite like the setup. I have got 2 simple moving averages setup on my screen; one is a 200 SMI, the second one is a 10 SMI. I also have the average true range (ATR) at the bottom with the standard 14 setting. The idea of this setup is that once price has crossed above or below a 200 moving average you then wait for price to retrace back to the quicker 10 moving average. Then once it has retraced back to it or under it you wait for a close back above it in the case of a long or a close under it in the case of a short and you take the trade. Target is 1 ATR although you could of course try tweaking this.

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