The first piece of evidence that this might be a top was when the 9 period moving average crossed the 18 period moving average.
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The most important thing, however you approach the decision, is to know where you will cut a losing position before entering the trade.
Would you like to money trading with international forex trading and also online currency trading system and trade like a Pro!
Some use an actual figure and some a percentage figure.
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Would you like to money trading with international forex trading and also online currency trading system and trade like a Pro!
Simple Moving Average This is the most widely used and is simply calculated by adding up a set of values and dividing the total by the number in the set.
About 30% of the time a security will be in a definite trend.
The historical trend of a security will tend to repeat.