We continue to study simple market entry points with you.
It is very difficult to find the direction of price movement in the Forex market. That is why the indicators of the triangulation of the moving average look very good in practice. The difference between triangulation MA (TEMA) and simple MA is obvious.
Indicators:
TEMA, 100.
Williams% R, 5, hlc3.
Timeframe: D1
Currency: EURUSD
The essence of the idea: the search for points when the price returns to the indicator TEMA.
The TEMA indicator shows us the priority direction of opening deals. He very well shows the turning points, and the edges of the flat. And we will look for the entrances to the market using the Williams% R indicator.
Rules for entry into position:
We buy if:
The price approached the TEMA indicator from above;
We are waiting for the Williams% R indicator to cross the -80 values from bottom to top, and buy.
We sell if:
The price approached the TEMA indicator from below;
We are waiting for the Williams% R indicator to cross the top-down values of 20, and sell.
Exit position:
The exit from the transaction can be the opposite signal of the intersection of their zones indicator Williams% R. You can use a fixed profit, or trailing stop.
It is very difficult to find the direction of price movement in the Forex market. That is why the indicators of the triangulation of the moving average look very good in practice. The difference between triangulation MA (TEMA) and simple MA is obvious.
Indicators:
TEMA, 100.
Williams% R, 5, hlc3.
Timeframe: D1
Currency: EURUSD
The essence of the idea: the search for points when the price returns to the indicator TEMA.
The TEMA indicator shows us the priority direction of opening deals. He very well shows the turning points, and the edges of the flat. And we will look for the entrances to the market using the Williams% R indicator.
Rules for entry into position:
We buy if:
The price approached the TEMA indicator from above;
We are waiting for the Williams% R indicator to cross the -80 values from bottom to top, and buy.
We sell if:
The price approached the TEMA indicator from below;
We are waiting for the Williams% R indicator to cross the top-down values of 20, and sell.
Exit position:
The exit from the transaction can be the opposite signal of the intersection of their zones indicator Williams% R. You can use a fixed profit, or trailing stop.
