A Different Type of Moving Average Cross by Mark Mc Rae

Virtually every trader has dabbled with or experimented with some sort of moving average. What I want to introduce you to in this lesson is a different sort of moving average cross method, which I have found to be very good at identifying short term trend changes. As we know a moving average is normally plotted using the close of a bar e.g. if you were plotting a 3 period moving average, then you would add the last three closes and divide the total by three to get a simple moving average.This is where I want you to think a little differently. I have always been an advocate of taking traditional thinking...

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Forex 1-2-3 Method by Mark Mc Rae

This particular technique has been around for a long time and I first saw it used in the futures market. Since then I have seen traders using it on just about every market and when applied well, can give amazingly accurate entry levels. Lets first start with the basic concept. During the course of any trend, either up or down, the market will form little peaks and valleys. see the chart below: The problem is, how do you know when to enter the market and where do you get out. This is where the 1-2-3 method comes in. First let's look at a typical 1-2-3...

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