StradaForex
The YouTuber Strada Forex shares an insane trading strategy and indicators for Forex trading. He emphasizes the importance of trading in specific sessions for certain pairs to catch the most moves. He explains different types of breakouts such as flat breakouts, trend line breakouts, and downtrend breakouts. He recommends scalping trades with a stop loss of 10 pips and then getting out at 20 pips.
Insane Trading Strategy: How to Use Sessions and Breakouts to Make Profit
Introduction:
If you’re new to forex trading, it can be pretty overwhelming to know where to start. But fear not, we have an insane trading strategy that will set you on the right path. In this article, we’ll be going over how to use sessions and breakouts to catch profitable trades.
Why Sessions Matter:
Before we dive into the strategy, it’s important to understand why sessions are important. Different forex pairs move more in certain sessions. For example, GBP JPY will move the most in the London session, US 30, Nas 100, and USD pairs move the most in the New York session, and CAD JPY moves a lot in the Tokyo Asian session. Understanding these patterns is crucial to catching more trades and avoiding false entries. You can use a session indicator like the one from Orox to mark the different sessions on your charts.
Entering Breakouts:
Now that you know about sessions, let’s take a closer look at breakouts. Breakouts are when price breaks through a support or resistance level and moves in a new direction. There are three types of breakouts – flat breakouts, trendline down breakouts, and trendline up breakouts. Understanding these different types of breakouts and knowing when to enter them is crucial to making profit.
Examples:
Let’s take a look at some examples to help illustrate when to enter breakouts. For GBP JPY in the London session, you’ll want to wait until price closes above a support or resistance level and then enter a position for a quick scalp trade. For US 30 and Nas 100 in the New York session, you’ll want to follow the same strategy but for a different session. And for CAD JPY in the Tokyo session, you’ll want to do the same.
Conclusion:
By understanding sessions and breakouts, you can catch more profitable trades and avoid false entries. Don’t forget to use a session indicator to help mark the different sessions and only enter breakouts for the specific session and pair you’re trading. With this insane trading strategy, you’ll be on your way to making profitable trades in no time.
