1 Hour Moving Average Strategy
Rule #4- Dot must be below price candle AND moving averages cross to where 20 period MA is above 40 period MA. The following setup appears on the EURUSD hourly chart below: EMA(50) and EMA(200) RSI(14) First, one should wait for either a golden or a death cross to form. The principle is simple Forex trading is a long journey. If the price is above the 200-period moving average, I will look to long only. The simple moving average is probably the most basic form of technical analysis. You can use 20 and 50 periods of moving averages. One hour of pure madness with myself talking about hourly chart trading! What I like to use is the 50-period moving average Rule #3- Another element that must occur is the moving averages must cross over. comSubscribe to my YouTube channel: https:. This is a simple one hour Forex strategy. Contact me at davidmoadel @ gmail. The reason why this works is becuase the pros will see the trend extending and buy a position in the oppiste direction to shake the 1 hour moving average strategy retail traders out of.