Forex Trend Continuation Strategy (Break And Go)
Every Forex trader knows it is a good idea to grade with the overall trend direction. But the question is, when do you get in? That is what the very simple Forex trend continuation strategy (called Break & Go Strategy) over at Winning Edge Trading teaches you.
The truth is, profitable trade setups do not be complex. As a matter of fact, this trend continuation strategy has only 2 steps:
- Identify Trend Direction: The indicator at the bottom tells you if there is a trend and in what direction.
- Wait For A Key Level Break: Once a level is broken in the overall trend direction you can look to enter the trend.
So, these two steps tell you if there is a trade opportunity. Then you use the levels to determine where your Stop Loss and Take Profit should go. Trades with a favorable risk to reward ratio can be taken. This means the risk to reward ratio is 1:1 or better.
Once a level is broken, the idea is to trade from one level to the next in the direction of the trend. Simple and effective.
If you want to learn this trading method, go here: Forex Trend Continuation Strategyhttp://tradetheforexmarket.com/featured/forex-trend-continuation-strategy-break-and-go/http://tradetheforexmarket.com/wp-content/uploads/2015/08/Forex-Trend-Continuation-Strategy.pnghttp://tradetheforexmarket.com/wp-content/uploads/2015/08/Forex-Trend-Continuation-Strategy-150x150.pngBlogFeaturedWinners Edge Trading