Moving averages visualize the average price of a financial instrument over a specified period of time. However, there are a few different types of moving averages. They typically differ in the way that different data points are weighted or given significance. A Simple Moving Average (SMA) is an unweighted moving average. This means that each period in the data set has equal importance and is weighted equally. As each period ends, the oldest data point is dropped and the newest one is added to the beginning. Please note that of all the moving averages the SMA lags price the most.
Identified a Bullish Candle Crossover at the 100 and 10 SMA. Setup a Pending Buy order and waiting for it to be hit or to cancel it before it's hit if there is a bearish signal. Once hit I will be monitoring it for any Bearish signals to close the trade early and minimize losses. And also if the trade goes in my favor, I have certain levels to ensure that I manage...
I manage to Identify a Bullish Candle Crossover at the 200 and 10 SMA in the 4 hourly Chart. Set up a Pending Buy order for it.
Enrty: 111.738
Stop Loss: 110.81
Take Profit: 114.167
Currently waiting for it to be hit! Once Trade is open I will be monitoring for any Bearish signals to close the trade early if not let it hit the Stop Loss or Let it ride to my...
COPPER HG HG1 HG1! respected the Trendlines highlighted in the previous posts; on the 4-hour chart it followed the Simple Moving Average ribbon as well.
A triangle formation is being reached now.
Could be a Continuation Pattern upwards.
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