This strategy is a quick and easy way to trade currency pairs without having to screen watch from morning ‘til night.

This strategy was developed a few years ago now and was recently revived due to the very volatile market conditions as a result of the financial melt down.

In this short article I will be addressing one of the keys to success in any business which is Money Management and Trade Management.

Previously we looked at the range break out and we considered the following as a consideration of when to trade which pattern, "the move into the range dictate the most likely direction of the break out move, 65% of the time it is a continuation pattern 35% of the time it is a reversal pattern."

Price Action Trading

Trading with Price Action alone is the core principal of all my trading strategies. This Price Action tutorial and video outlines how I determine what phase of movement that price action is trading in which helps me to deploy my propriety trading strategies.