Daily Method 1

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Daily Method 1

Postby bali » Tue Jul 12, 2011 8:09 am

Daily charts

Add a 13 SMA on the daily chart
Add RSI 10, with a 50 level line

Buy Signals: Wait for a daily bar to open above 13 SMA with RSI 10 above the 50 level.
Sell Signals: the opposite

SL: Above (below) the 13 SMA
Exit: Discretionary. You could use fractals indi as exit points and then a trailing stop at 50/80 pips, etc. IDEAS ACCEPTED!!

Alternative You could use the Supetrend indi to confirm entry.

Comments welcomed!!
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