About this document
200 SMA Forex Day Trading Guide by cosming80 is a document available to read on EtoBox.
The 200 SMA forex day trading strategy uses the 4-hour, 1-hour, and 15-minute timeframes to determine overall trends and exact entry points. The 4-hour and 1-hour charts are used to identify the trend, while the 15-minute chart determines entries when the 5EMA crosses the 200SMA in the direction of the longer-term trends. Traders go long when the 5EMA crosses above the 200SMA on the 15-minute chart while the 4-hour and 1-hour charts show an uptrend, and short when the crossover is below during a downtrend.
- Author
- cosming80
- Language
- EN