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Tuesday, April 5, 2011

Euro Triggers!


Here is the recap of todays live trading! These are the triggers used and when to start implementing exit strategies. My simple exit strategy is to wait for a lower high then exit but not give it to much room to eat away profits if it continues to the downside. Only indicators I ever use are a 20 period triangular MA (Blue) and a 20 period dynamic exponential MA which are the green balls. Don't know why I use them but it helps describe the strategy, "they look really cool too"! Series of higher highs and lows till change occurs. Only use tick charts to scalp like this. Even these are lagging indicators but since the ticks are fast its useful. Any other indicators are a waste of time, and profits!

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