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Moving Average Strategy

This 3 paragraph document provides a strategy for determining the direction of news in the forex market using overbought and oversold levels. It describes using RSI and a 5 period exponential moving average to identify overbought and oversold levels on a 15 minute chart. It advises taking a buy if the moving average touches the oversold level before news, and a sell if it touches the overbought level. Rejection candles should be seen at oversold or overbought levels before entering trades. Examples are shown with patterns drawn and arrows identifying oversold/overbought levels and rejections. Contact information is provided to discuss the strategy further.

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Dennis Muzila
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2K views9 pages

Moving Average Strategy

This 3 paragraph document provides a strategy for determining the direction of news in the forex market using overbought and oversold levels. It describes using RSI and a 5 period exponential moving average to identify overbought and oversold levels on a 15 minute chart. It advises taking a buy if the moving average touches the oversold level before news, and a sell if it touches the overbought level. Rejection candles should be seen at oversold or overbought levels before entering trades. Examples are shown with patterns drawn and arrows identifying oversold/overbought levels and rejections. Contact information is provided to discuss the strategy further.

Uploaded by

Dennis Muzila
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Strategy Indicators
  • Examples of Patterns
  • Visual Examples
  • Promotional Content
  • Contact Information

______FUNDAMENTAL PIP LORD_______

VENOMSTRATEGY
___________DISCLAIMER______________

THIS PDF AND OTHER MATERIALS FROM FUNDAMENTAL


PIP LORD IS FOR EDUCATIONAL PURPOSE ONLY. FOREX
TRADING CARRIES A HIGH LEVEL OF RISK, AND MAY NOT
BE SUITABLE FOR ALL INVESTORS. PAST PERFOMANCE
IS NOT INDICATIVE OF FUTURE RESULTS. THE HIGH
DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS
WELL AS FOR YOU. BEFORE DECIDING TO INVEST IN
FOREIGN EXCHANGE YOU SHOULD CAREFULLY
CONSIDER YOUR INVESTMENTS ,OBJECTIVES LEVEL OF
EXPERIENCE AND RISK APPETITE. THE POSSIBILITY
EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR
ALL OF YOUR MONEY AND THEFORE YOU SHOULD NOT
INVEST MONEY THAT YOU CANNOT AFFORD TO LOOSE.

VENOMSTRATEGY
DETERMINATION OF THE DIRECTION OF THE NEWS

USING OVERBOUT AND OVERSOLD LEVELS

WITH THIS STRATEGY WE WILL BE USING THE FOLLOWING


INDICATORS
 RSI PERIOD 1
 LEVELS , 10,9,8,7,6,,,,,90,91,92,93
 MOVING AVERAGE 5 EXPONENTIAL OWN COLOUR ON THE
INDICATOR WINDOW 1
 THE RSI WILL SHOW YOU THE OVERBOUT AND OVERSOLD
LEVELS
 IF THE MOVING AVERAGE TOUCHES THE OVERSOLD LEVEL
BEFORE THE NEWS , WE EXPECT A BUY
 IF THE MOVING AVERAGE TOUCHES THE OVERBOUT LEVEL
, WE EXPECT A BUY
 BEFORE TAKING TRADES , THERE HAS TO BE REJECTIONS
 IF THE MARKET IS OVERSOLD AND YOU SEE A HUMMER
REJECTING CANDLE , TAKE A BUY
 IF THE MARKET IS OVERBOUT AND YOU SEE A REJECTING
CANDLE , TAKE SELL
 ALL THIS IS SEEN ON 15MIN CHART
 BEFORE TAKING TRADES ALSO LOOK FOR THE PATTERNS I
MENTIONED ON THE DIRTECTION PDF
 THE M , W , V OR U ALSO HEAD AND SHOLDERS
 THE INDICATOR SERVES AS A CONFIRMATION , SO ALWAYS
ANALYSE FIRST
HERE FOLLOWS SOME EXAMPLES

ON THE FOLLOWING PICTURES


PARTENS ARE DRAWN
OVERSOLD AND OVERBOUGHT IS SHOWN BY
AN ARROW
REJECTION IS SHOWN BY AN ARROW
WRAPP YOUR CAR AT VENOM , WHATSAP +27822680378
FOR MORE INFORMATION ON THIS PDF

CONTACT OR WHATSAP

PIP LORD +27766234212

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