Price Action Trading 72 EMA

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Price Action Trading 72 EMA

One of the easiest ways to trade on a larger time frame is the 72 EMA. Here it is on a 4 hr chart and you can clearly see the signals. Now as with anything, I am not a Financial Advisor and if you trade this way, you do so on your own risk.

The Set Up

Really it could not be more simple than what i said, Just place the 72 EMA On your chart and trade in that direction. You would obviously wait for signals, but you get the idea really. It is a solid system. And the exist is even easier.

When To Exit.

Simple really, when it is below or above depending on the trend at the time. It really is a simple system to work really.

I have always believed in making things simple, far to often I See traders with a ton of crap on there screen and I could Not for the life of me figure all that Garbage out.

We as humans tend to make things way harder than they need to be, and this is as simple as it gets really. I have seen a 80% hit rate in this style and it is my preferred way to trade to be honest.

Make Your Life Easier

The biggest thing that traders have a hard time with id figuring out a system with a high win rate. Well, the holy grail of trading does not exist. The best thing is to find a system that fits your style and stay with it, I have seen traders have a ton of success with some of the craziest systems out there.

Why?

Because no matter the system. They stick with it. That is the real key to any system to be honest. No matter if you are going for 5 pips, or 100. Find a system or trading style that works and stick with it.

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U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. 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 investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.