Trading cryptocurrency market using Arnaud Legoux Moving Average
Trading cryptocurrency market using Arnaud Legoux Moving Average

By quintomudigo | Teacher forex school | 13 Feb 2020


Arnaud Legoux Moving Average is a trend following indicator.

 

Being a trend following indicator, Arnaud Legoux Moving Average was created by Arnaud Legoux and Dimitris Kouzis Loukas to remove small price fluctuation in order to enhance the trend mostly by applying moving average twice,that is, one from left to right and another one from right to left.This was to ensure that the movement is smoothness and more responsiveness.It normally achieves this by using the gauss normal distribution curve.

Arnaud Legoux Moving  Average is also based on support and resistance as well as bullish and bearish.

 

 

Since Arnaud Legoux Moving Average is a trend following indicator,it therefore follows that when the market is trending upwards, the Arnaud Legoux Moving Average will also be trending upwards while when the market is trending downwards, the Arnaud Legoux Moving Average will also be trading downwards.This can further be explained using the bullish and bearish market as follows;

 

1. Arnaud Legoux Moving Average bullish cryptocurency market.

 

when the price in the market is moving downwards, the Arnaud Legoux Moving average will also be moving downwards. When the price in the market falls below the lowest low point of the Arnaud Legoux Moving average when the the two are in downwards direction, an upward reversal movement will take place. This will signals the cryptocurrency trader of a support point over there thus signalling them to purchase a given amount of cryptocurrency with their USDT balance. The trader can either place a market buy order or a limit buy order. The market order will be processed immediately while the limit order will be processed when the market reaches their limit buy order price. This is indicated as from below;

351665157-2491a00f1efb86acf326a546341dcf75d4f942a6f206ebf39ffc2a312f123b65.png

 

The above is the TRX market against USDT. Two points are being indicated. There is point A and point B. Point A is the Arnaud Legoux Moving Average while point B is the support point. Before point B, the ALMA and the market were moving downwards. At point B, the price in the market falls below ALMA thus creating a support point over there. This results to an upward reversal movement for both the market and the ALMA. This signals the trader to purchase a given amount of TRX with their USDT balance. The trader can either place a market buy order which will be processed immediately or they can place a limit buy order which will be processed when the market reaches their limit buy order price. When the order is being processed, the account of the trader will start increasing in value in terms of USDT.

 

 

2. Arnaud Legoux Moving Average bearish cryptocurency market.

 

when the price in the market is moving upwards, the Arnaud Legoux Moving average will also be moving upwards. When the price in the market rises above the highest high point of the Arnaud Legoux Moving average when the the two are in upward direction, a downward reversal movement will take place. This will signals the cryptocurrency trader of a resistance point over there thus signalling them to sell a given amount of cryptocurrency which they had previously purchased and is currently holding. The trader can either place a market sell order or a limit sell order. The market order will be processed immediately while the limit order will be processed when the market reaches their limit sell order price. This is indicated as from below;

351665157-b2d623bf69444394c1e7ef9318a176f8aa92aa955ef601c471e8b3a2097211ec.png

 

The above is the TRX market against USDT. Two points are being indicated. There is point A and point B. Point A is the Arnaud Legoux Moving Average while point B is the resistance point. Before point B, the ALMA and the market were moving upward. At point B, the price in the market rises above ALMA thus creating a resistance point over there. This results to a downward reversal movement for both the market and the ALMA. This signals the trader to sell a given amount of TRX which they had previously purchased and is currently holding to avoid declining the value of their trading account. The trader can either place a market sell order which will be processed immediately or they can place a limit sell order which will be processed when the market reaches their limit sell order price.When the order is being processed, the account of the cryptocurrency trader will have increased in value in terms of USDT.

cryptocurrency market is a highly volatile market. As a cryptocurrency trader,whenever you place a buy order,always make sure to apply risk management so that whenever your buy order goes against you, your account do not depreciate so much in value.

 

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quintomudigo
quintomudigo

Trader, Blockchain Technologist and Contentpreneur. Also founder and CEO @ Teacher Forex School.


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