Saturday, December 19, 2009

Trading Plan: 200 EMA Entries and Exits






If sets are near the 200 EMA wait till price closes above it then take the short signal

See on the GBPUSD chart, entries below 200 ema
can be stopped out at breakeven...

As you can see on the FGBL chart is always wise to exit with a limit order at the 200 ema line if the next target is near.

If there is a downtrend and price is already oversold (below 200 ema) to confirm the entry with a trendline break (see on gold chart) or a bounce off a trendline (see on corn chart).

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