The Base Trade is a momentum based strategy and takes advantage of repeated market behaviour that occurs time and again. The price consolidates in a range, breaks out of the range, and pulls back to test the range before continuing on.
This trading on the breakout of a consolidation pattern is a popular way due to the reliability of finding winning trades – essentially, momentum based trading using breakouts provides solid signals.
This method gives you a very easy way of trading breakouts and allows you to take quick profits, taking on average 10 pips on each trade, allowing you to consistently increase your trading account.
This course also shows you how to combine this strategy with 'scaling out' to take quick profits, but also allowing you to take advantage of any further price runs.
In this course, you will learn: