Trade the Momentum By Laurentiu Damir

[toido]

This is a simple but very efficient trading strategy that can make you 200 pips and more per week easily. It combines elements of market profile with price action setups.It is a trend following strategy that identifies a clear direction of a specific pair and a strong momentum and tries to capitalize using price action setups that are in line with the momentum. It works extremely well on the following pairs: Eur/Usd, Gbp/Usd, Eur/Jpy, Gbp/Jpy, Aud/Usd, Usd/Chf, Eur/Chf. These pairs are very liquid and at the same time they have very good volatility. It works well also with the other liquid pairs like Usd/Jpy, Eur/Gbp, Usd/Cad but these have low volatility and I prefer not to trade them with this strategy. You will see later on why volatility is important. Let’s get straight to the details of this trading system.