DislikedThe 100 sma is not always the best to trail behind but in the beginning of a trend it won't trail too aggressively. As the trend develops you can start using shorter and shorter ma's until you are stopped out on the first big retrace but the 100 sma is a good place to start. You will find that even the 100 sma can get you out of a trend at a good point on most occasions but yet on others it will give back far too much.
I have been looking at the 34 ema of the high and low prices, a wave. Lots of threads and books mention it and it does seem to...Ignored
I have added a 34EMA to my charts so will see how that works out for exits.
On another note it looks like Eur/Aud maybe setting up for another sell soon on H1.
Looking at the chart it can move around this time, late here in the UK but Australia trading starting soon.