We have a strategy that will make you stop day trading! There is a big difference between daily trading and wwing trading. Swing trading is basically when you place positions that take more than one day, sometimes days or even a month. Day trading is when you place positions during the day and most of the time you exit before finishing the position. Once you really learn this strategy you are going to give up on Forex Day Trading!
Now let’s see the most important thing, the first thing you have to do is add an indicator called EMA 50. So, go to indicators and trade view, write a moving average. Then, go to exponential moving average and this is where you enter these settings. Then select the 50,
The style depends on you, but you should keep in mind that you are going to place the 50 to determine the market trend. So on the daily chart, every time there is a movement in the 50 EMA and it is above the candlesticks, it usually means that the price is going down. As simple as that!
It is a downtrend and every time it happens the opposite it means that it is bullish trend. So, the first thing you should do is identify what the trend will be like. Really for you to determine a trend is to see the 4-hour charts. The 4 hour chart is super important even though you see moves as if you were going into the daily chart. As you can see, it is pretty simple to use this strategy. But we always recommend you watch the full video below to understand it better.
Tips for the strategy!
In the video below, you will see examples of how to use this strategy. Now we want to give you some tips so it can be easy for you to use it.
-Study the strategy as many times you want until you fully understand how it works.
-Use a demo account when you first try the strategy.
-Do not invest more than 5% of your balance when operating with this strategy.
Something very important
Remember that the risk reward ratio is something very important that you will have to understand when you are trading. Like input and output which is also super important, so it needs to be on the same level with the latest support. Once you know how to handle this it will be easier for you to make money with this strategy.
Leaving day trading will be a better option and applying the strategies that Cristian has recommended in this article. We hope this information can be of great help for your trading career! Finally, do not forget to visit Cristian AP’s YouTube channel, you will be able to find very valuable information.