A Profitable Trade

>> Apr 21, 2011




The above chart showed the currency pair where its prices are trending up. The moving average lines are pointing 45 deg up and running well spaced and parallel to each other. Then prices took a rest with some consolidation. Wait for the breakout and enter a long trade shown by the green dotted line.

Prices quickly resumed the uptrend. Wait patiently and ride the trend. Forex prices tend to trend. Wait patiently for the money to accumulate. Nice pips.

Good trading.

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