US annouced some unemployment number last Friday, Federal Reserve Chairman Ben Bernanke said yesterday that a fiscal package could help revitalize the ailing U.S. economy and it is annouced today that retail sales fell twice as much as expected during December. Sound like all bad news and US market indeed is retreating its earlier gain.
Well, while the market was quite bearish last few days, plus, I was also a bit busy with my regular work and I have not time to monitor the market closely. In such situation, I choose to get out from the market totally and I did not trade at all. The reason I choose to stay away such that my itchy hand would not open some stupid trade.
Forex Trading Success using Exponential Moving Average
While I was taking a rest from the stock market, I was also spending a little time to understand more about the Forex market. I was also testing some strategy using the EMA (Exponential Moving Average). To my surprise, the MA indicators seems to be working pretty well during my test today.
The strategy is very simple, look for a currency that was in a trend. I found USD-JPY today. Then, short while the short term EMA cross down on the long term EMA. After that, you simply ride the wave!
It is that simple, you can watch the video to know more about my little success on Forex today.
If you like to view a higher resolution video, you can download it the InvestMoneyLab Gold Mastermind Club.
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
Welcome back to InvestMoneyLab, you can now join our Facebook Friend of InvestMoneyLab to get a FREE Book by T. Harv Eker Now! You can also receive latest profitable trading system and stock picks for free in future. Thanks for visiting!
