Making Money Online Blueprints
03
MAR
2016

Using Moving Averages Of Higher Time Frames important In Forex Trading

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This is a great example of where using the moving averages of higher time frames when Forex trading is useful.

This example shows on a four hour chart where I shorted the EUR AUD, and I placed my stop ¬†just above the weekly 55 EMA. The market went against me, but couldn’t go through the weekly 55 EMA, hence I clung on and then the market started to move in my favour.

I use 34, 55 and 200  EMAs on my charts. To get the EMAs from higher time frames, I downloaded an MT4 indicator from the membership website I am learning Forex trading from.

 

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About the Author
David Summer, father of three, living in the UK.

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