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3 Simple Trade Filters That Can Improve Your Strategy
We’ve all heard the saying, “the trend is your friend” or “trade the path of least resistance.” These phrases are used by traders that want to trade in the same direction as the overall trend. But what if we have a difficult time locating the trend? What do we do if we are uncertain about our direction bias? An excellent tool to add to a trend-based strategy is the 200-period Simple Moving Average. By averaging the closing price over the last 200 bars, we can see if the current price action is above or below the average. Inside DailyFX's Forex Fast-Track Webinar Series, our 3rd webinar walks through ... (full story)