Saturday, January 21, 2012

Cross of 8lwma in trend

Of course you cannot trade every cross of 8lwma you'll get chopped to death. In trend however its a reasonable trade in itself.

Combined with some other basics (eur and gu) 25-35 pip retraces between psych levels (00, 25, 50, 75) and pivots to resume the trend are decent risk trades.

I'd also be careful going counter trend in and around the London and US opens. For US open see below for weak counter trend moves.




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