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In this video I look at very slightly amended version of my M08 Momentum trading method and explain how to capitalize on good momentum runs, using a method called pyramiding.
Forex is a great instrument for trading momentum strategies as it tends to move and move quite fast. EUR/USD is one of the best pairs as there is always something going on which will make the pair move. People love to have opinions, ‘bet’ that they are right and it is this ‘group opinion’ making which causes prices to move.
In the video I also explain why range bars are a great place to start if you are looking for a nice and smooth and very clean FX chart.
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If you are interested in Price Action please see my page on the website dedicated to that and take a look at some of my webinars which I have held over the last few months.
There is a lot more on the web site including an MT4 indicator that I have had developed which marks up sessions for you
Range bar Plus in Link with discounted price