Replies to post #58999 on Simple's Green Room

[daiello]

Do you use pennies' momentum setup?

He uses a smoothed moving average to determine his take profit area. He also doesn't make a trade unless its roughly 30+ pips away. So what you do is right click on the 20moving average, choose MA(20) properties, then goto the tab levels.

Then you click add, and mark off what ever you want. I put up a 30,-30 and 60, -60.

This way you can determine how far the move will go, and/or determine if you should be paying attention for an entry.