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STrATEGiES<br />
www.tradersonline-mag.com 04.2014<br />
Buying Above and<br />
Selling Below the “Snake Line”<br />
A Strategy That Trades on the Cable<br />
This article has nothing to do with natural history, let alone the world of snakes. The term<br />
‘Snake Line,’ as coined by the author, is a line formed by two closely related Moving<br />
Averages, which could be used to generate simple but proficient trading signals. This is<br />
especially useful when used on the Cable (GBP/USD), since it tends to trend significantly<br />
more than most majors. Here is one way of trading profitably with the Snake Line.<br />
Azeez Mustapha<br />
Azeez Mustapha is a trading professional,<br />
an InstaForex offi cial analyst, a blogger at<br />
ADVFN.com, and a freelance author for trading<br />
magazines. He is working as a trading signals<br />
provider at some websites. His numerous<br />
articles are being posted on other websites like<br />
www.ituglobalforex.blogspot.com.<br />
azeez.mustapha@analytics.instaforex.com<br />
» The Snake Line Strategy – a Trading Epiphany<br />
According to one widely read magazine, researchers have<br />
determined that the average adult makes 35,000 decisions<br />
a day. With 86,400 seconds in a 24-hour day, that equates<br />
to a decision being made almost every other second.<br />
The determination to buy or sell is one of the numerous<br />
decisions an intraday trader would make repeatedly in a<br />
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