FOREX BROKER IN MALAYSIA,AUSTRALIA FOREX BROKER,RATING OF FOREX BROKERS,FOREX BROKERS COMPARISON TABLE,BEST FOREX BROKER IN INDIA Price, Our Best Indicator-Section 3: High Probability Trades FOREX BROKER IN MALAYSIA,AUSTRALIA FOREX BROKER,RATING OF FOREX BROKERS,FOREX BROKERS COMPARISON TABLE,BEST FOREX BROKER IN INDIA Section 3: High Probability Trades Until now we have studied that it isn’t wise to base our trading signals relying solely on technical indicators. In order to increase the odds of each signal we must combine technical indicators with price behavior so we get more accurate signals. In this section, we will see how to effectively combine signals generated by price behavior with signals generated by technical indicators. Using these two tools in conjunction, the outcome of our trades will increase significantly in our favour. We will suggest the usage of technical indicators that produce the best signals when combined with price behavior reversal patterns. Moving averages Trend detection When a trend is detected by the EMA(50), we only take trades in direction of the trend. [Chart 1] On the first arrow, a bullish engulfing pattern sets in above the EMA 50, while the moving average was indicating an uptrend. This allows us to position ourselves in a good long […]
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