The Geek Simple Moving Average - Price Action Based Strategy. This Strategy uses a 30 period Exponential Moving Average and price action to set support or resistance targets and for trend confirmation. Read The Geeks Simple Moving Average Strategy Review here: ► http://goo.gl/nQZh8g Learn about what Moving Averages are and their Multiple Uses here: ► http://goo.gl/YH98RK This strategy is simple, just as the name suggests! It uses only one indicator. It was created by "The Geek" who is a well known author and trader at CommuniTraders the forum and the main page BinaryOptionsthatSuck.com. He, The Geek, is also known as "Michael". How does this strategy work? You simply insert a 30 period EMA on your charts and that's all you need as far as indicators go. However, you need some experience drawing support and resistance lines if you want to pick the best entries and expiries. ▬Step 1. Identify the trend on the DAILY timeframe. To do that, you need to confirm that price has closed either above or below the 30 period EMA. This can be tricky but once you get the hang of setting S/R lines it becomes easier. A similar confirmation is shown in the video by Okane. ▬Step 2. Once the trend is confirmed, you place a line on your DAILY charts that is the next strong support or resistance line. Obviously it depends on whether the trend is bearish or bullish. ▬Step 3. After your trend is confirmed and your targets are placed on the DAILY timeframe. Move on to the 30 minute timeframe. This M30 is used for getting our entries and finding out which expiries to choose. It is explained how to calculate the expiry based on previous candlestick movements (highs/lows) in the video. ▬ Signals ▬ Price on the M30 will reach the 30 period EMA and if DAILY was confirmed Bearish, we look to take put options on lower highs that touch the EMA 30. If the trend was confirmed bullish on the DAILY charts, then we look to take call options on higher lows that bounce off of the EMA 30 on the M30 timeframe.
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Duration: 17m 42s
Rating: 22