...and other MA crossovers
In this video, Greg Michalowski talks about the death cross trade and explains some of the risks associated with the trade that traders should be aware.
The Dow Jones Industrial Average had the death cross pattern triggered and it caused a lot of talk about the pattern and its bearishness. But what is the risk? As a traders I need to understand the risk before doing the trade. If the risk is too high I may not do the trade when it is triggered but instead wait or look for a lower risk alternative. A better - lower risk trade - is his "three's a crowd" trade. Greg explains that variation of the death cross trade in this video and also explores another moving average cross in the currency markets. Enjoy.
https://www.youtube.com/watch?v=LVdpiZyU68w
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The Attacking Currency Trends trading course (ACT for short) will re-start in September (September 18th to 25th). For more information or to sign up, please visit https://education.forexlive.com/act or send me an email at greg@forexlive.com
