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THE MOVING AVERAGES CROSS SECRETS
The moving average is a very important indicator, That professional traders use as well.
The moving average can be used as:
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An Entry Trigger: using the moving averages lines cross.
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Dynamic support and resistance: Using the moving average to define the trend and also define Support and Resistance.
Moving Average and Trend:
Moving average can be used to define the trend, This basic concept simply help up identify the trend using 100 and 200 moving average.
Up Trend:
Simply when the price is above the 200 moving average we can say the price is in up trend. as shown in the picture above.
Down Trend:
Simply when the price is below the 200 moving average we can say the price is in down trend. as show in the picture below.
Dynamic Support moving average:
As you can see clearly in this picture the price is respecting the (20 and 50) moving averages and these moving averages are acting as support and it supports the price up, and you can see this over and over again, and that's why Pro traders use
moving average very often.
Dynamic Resistance moving average:
Same goes for the resistance As you can see clearly in this picture the price is respecting the (20 and 50) moving averages and these moving averages are acting as Resistance and it resists the price from going up, and you can see this over and over again
as well, which gives the dynamic Support and resistance a good reputation among Pro Price Action Traders.
Bullish Moving Average Entry Trigger:
As you can see in the picture above when the price is in up trend and the faster moving average crosses above the slow moving average that would be a buy signal:
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​Entry can be at the close of the candle after the crossover happen.
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Stop loss would go just below previous structure.
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Take Profit at the next Cross of lines.
Bearish Moving Average Entry Trigger:
As you can see in the picture above when the price is in Down trend and the faster moving average crosses below the slow moving average that would be a sell signal:
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​Entry can be at the close of the candle after the crossover happen.
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Stop loss would go just above previous structure.
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Take Profit at the next Cross of lines.
Pro Tip:
Using the Moving Average Lines can be very profitable as we will discuss later on, how ever lot of Pro traders prefer to use tools that will make their trading easier.
And the Moving average Alert Indicator is one of these tool used as well by lot of traders in my community:
Benefits:
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Get Alerted at the Moving Average Lines Cross.
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Get Alerted in the MT4/MT5 terminal with info box and sound.
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Get Alerted by phone notification.
