FREE DOWNLOAD High Accuracy Forex Trend EMA 20-50 CCI CCI RSI Trading System (How to Find Trends and How to Profit from Trend Trading). Retail Forex traders have two things going for them that they can use to grow their trading accounts, both of which can be easily identified by using freely available price charts.
The first factor is the trend: locate currency pairs or other instruments that are trending, and trade only those pairs/instruments, in the same direction as the trend. The second factor is picking good trade entry points within those trends. This article will show you how you can succeed at doing both and profit from trend trading.
The Power of the 20 EMA and 50 EMA in Forex Trading
The 20 EMA is used by most institutions, banks, funds and big boys as part of their trading. Some use it with the cross of another MA or MAs as a system.
Many of the little guys (us) use the 20 ema in some form or other in our trading.
Some professional traders use the price and 20 ema as their method by buying a close above the 20 ema and selling a close below the 20 ema (don’t try this at home, as they say, as the Professionals also use filters to avoid whipsaws and “false” moves).
The slope of the 20 ema and the cross of the 20 ema above the 50 ema tells you which direction you should be trading in.
The 50 ema is not as powerful as the 20 ema but when price “uses” the 50 ema, take note.
Forex Trend EMA 20-50 CCI RSI Trading Rules
Think of the 20 ema as equilibrium, or the balance line which is the point at which buyers and sellers AGREE on price.
Remember we are dealing with energy both of the market and its traders. Energy ALWAYS seeks balance through the path of least resistance.
- Best Time Frames : 30M, 1 H, or higher
- Recommended Pairs : Major Pairs
MetaTrader Trading Indicators
- Exponential Moving Average
- CCI NUF
- RSI
- King’s Cage
- Daily Open Line
- Signal Trend
BUY Rules
- Place BUY order above the breakout zone King’s Cage indicator
- Price upward above EMA 5 > EMA 8 > EMA 12 > EMA 20 > EMA 50
- CCI NUF blue bars and above 0 level
- RSI (14) line upward and above 0level
- Signal Trend green bars
SELL Rules
- Place SELL order below the breakout zone King’s Cage indicator
- Price downward below EMA 5 < EMA 8 < EMA 12 < EMA 20< EMA 50
- CCI NUF blue bars and above 0 level
- RSI (14) line upward and above 0level
- Signal Trend green bars
TRADING Notes
The 20 EMA is used by most institutions, banks, funds and big boys as part of their trading. Some use it with the cross of another MA or MAs as a system.
- We know trading is a serious business and WE treat our trading as a SERIOUS BUSINESS.
- We understand we have, like any other profession, to put in the thousands of hours studying, learning and practicing our methods and techniques.
- We understand there is NO SHORTCUT to becoming successful and profitable traders.
- We understand that successful and profitable trading is 95% psychology and 5% technical skill. We know who and what we have to control.
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