Moving Averages

Moving Average

Weekly chart - 26 WEMA (nearly 6 Month data)

Daily chart - 22 DEMA (nearly 1Month data)

Trading Signals

1). Direction of the slope

Pointing Upwards => Bullish => Go Long

Pointing Downwards => Bearish => Go Short

2). Buy near the EMA,

Place the stop loss below the EMA for long & Vice versa for shorts.

3). Dual EMA to identify trend and enter position.

Longer EMA indicate trend = > 22 DEMA

Shorter EMA indicate to enter position => 11 DEMA.

A). Buy when EMA rises and price closes above it,

Sell when Price closes below EMA.

B). Short when EMA falls and price closes below it,

Cover the shorts when price close above EMA.