You draw your horizontal lines of res. and support on either side and take smaller profits. Sometimes if the E/U is quiet, I sit out and watch everyone try to guess and get slaughtered. If you take your entries close enough to the SMA, the stopouts are negligable. For instance, I took over 1000 pips this week and I can ride out a few days of consolodation and I can stomach some small losses. Bottom line, if you dont get greedy and take your profits at recent highs and lows, you will be fine. On the other hand, if you are the greedy type, like the 80 % they say don't make it in Forex, you will be completely destroyed.
MK
MK
DislikedDude, ya one hell of a trader. Please explain how well that SMA technique works in a non-trending market, does it cause alot of whip-lash losses?Ignored