The Monthly Information of Trendline Using Simple Moving Average as Price Gauge


This strategy is used to gauge the market sentiment and gives overall market sentiment to confirm bullish and bearish state of the market.
It is investors strategy and if well understood can be applied by short term traders. The beauty of this strategy is that it has defined the investors stop loss level and take profit zone. If adequate money management is adopted, one can ride on the wing of big investors and make money.
The monthly candle reading is very important and the candle stick opening and closing for the month is quite important. If bullish market is identified, one should not be ignorant of bearish corrections within the bullish market. It is this bearish corrections if well understood that will yield us more money. For every bullish candle close, we may expect some bearish correction to form the low of the candle before price moves up again. To continue reading click the link The Monthly Information of Trendline Using Simple Moving Average as Price Gauge

Leave a comment

Your email address will not be published. Required fields are marked *

*

code