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Saturday, April 19, 2008

Daily Breakout

Hi guys. I'm sure you can find this system anywhere. Like any other breakout system, first we find the high and low. And this case the high and low would be from the previous day.

Looks very simple right? I add 5, 13, and 21 EMA on the chart above to see the trend. With 10 pips target and high probability I would trade with higher risk per trade and no fixed stop loss. I use the prev. day high and low indicator in the chart above. You can download it here.

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