FxGhani Trend trading with EMAs ( Advance ). - FxGhani Trading Learning Place

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FxGhani Trend trading with EMAs ( Advance ).


Time Frame: 1 day, 1 hour or 30 min.

Currency: Any
Indicators: 80EMA, 21EMA, 13EMA, 5EMA, 3EMA, RSI (21)

Entry:
80 EMA suggests major trend direction. When market trades above 80 EMA-
uptrend, opposite for downtrend.
21 EMA and 13 EMA give a current trend direction. While 13 EMA stays above 21 EMA- uptrend, opposite for downtrend.

RSI (21) above 50 mark suggests an uptrend, below downtrend.
Entries are made on a cross of 3 and 5 EMA in the direction of the trend:

Buy
when 3 EMA crosses 5 EMA upward in an uptrend market and both 3 and 5 EMAs cross a channel of 13 and 21 EMA and RSI is above 50.

Sell
when 3 EMA crosses 5 EMA downward in a downward market and both 3 and 5 EMAs cross a channel of 13 and 21 EMA and RSI is below 50.

Note 
That additional entries are possible when 3 and 5 EMA cross back and then shortly after make a signaling cross again.

Note
That we get the signal to enter we always wait for the current price bar
to close and only then (if conditions have not change) open a position.

FxGhani Trend trading with EMAs ( Advance ).

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