Quote:
Originally Posted by huttre
Thanks for sharing pipster. will look more into this.
have you tried this on the 5 min chart?
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Yes, it can be used on any time frame especially when theres a nice trend (nice slope of the MA). I just prefer longer time frames since I like trading where you dont have to watch the charts a lot.
Here is a current chart of EURUSD on 5 minute, with its mini-uptrend (daily trend is down)