The five-minute momo trade forex

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Uploaded: 07.09.2009
Content: 90907203012730.zip (578,86 kB)

Description

There are very patient traders who prefer to wait for the perfect setup does not work out, while others are eager to see quick progress, otherwise they come out of position. Of these impatient traders make great momentum traders because they wait for the market to pick up enough strength to push a currency in the desired direction, and jump on the momentum in the hope of an extension movement. However, when the first signs of decreasing the driving force impatient momentum trader will also be the first to run the ship. Therefore, this strategy should be solid momentum exit rules to protect profits as long as possible to extract it from the ongoing progress.

Additional information

Trading tools: currency pairs
Time range: M5
Indicators used: EMA (20), MACD

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