How do hedge funds trade part 4

More at exacttrading.com In this video I explain further the details of a very simple momentum Forex Trading strategy which is in use by at least one Hedge Fund that I know of. There are many versions of this strategy but it is extremely simple and entry takes place once the market has settled and given a easy to understand and follow price pattern, which is very simplistic but deadly effective. To explain further about this strategy, it works best on the daily and four hour time frames and this generally gives a smoother ride which is what we need for this to work. Price is protected by an ATR stop which I trail beneath price and takes me out or I reverse on a signal in the opposite direction Please come over to exacttrading.com and have a look at what I am doing and also check out the previous videos in this series.