Learn how to trade the big ben breakout strategy and some effective ways to beat the smart
money.
We’re bringing to you a day trading strategy that has been successfully used by our London
traders. The big ben breakout trading strategy incorporates secret trading concepts that you
can take advantage of in the Forex market.
Everyone has heard of breakout trading.
Actually, breakouts are one of the most popular trading strategies out there.
The market price (be it for Forex currencies, futures, stocks, commodities or cryptocurrencies)
is constantly changing from trends to ranges and vice-versa.
And the only way that the transition from a range to a trend can happen is if the price breaks out
of its range.
Throughout this trading guide, you’re going to learn about a specific breakout.
We’re going to reveal some trading secrets to help you implement the opening range breakout
technique in your own trading.
·
What is the Big Ben Breakout Strategy
In simple terms, the big ben breakout strategy is a day trading strategy that seeks to take
advantage of the trading range prior to the London opening session.
Among retail traders, this is also known as the London daybreak strategy.
Day trading the open strategy is simply:
●
Taking a long position above the London trading range
●
Taking a short position below the London trading range
Basically, this day trading strategy will teach you how to trade the London open.
The big ben breakout strategy has been around for literally decades.
Smart money used the London Forex session to benefit from predictable breakout signals.
Nowadays, the secret has been revealed to the masses.
However, retail traders are still left in the dark.
Let me explain…
The sad truth is that day trading the London open successfully involves understanding the
reality behind the price.
The truth about trading is that you need the right approach to implement a trading strategy.
So, what can you do about it?
First thing, continue reading through the trading guide.
Our team of industry experts will reveal the missing link to successfully trade the London
session.
But, first, let’s learn how to define the London trading range.
Let’s begin!
·
How to Define the London Trading Range
We’re going to take a look at 2 methods to define the London trading range.
The most basic form of establishing the London range is to use the high and low of the previous
trading session aka the Asia trading session.
This method takes into consideration the whole price action since the start of the new trading
day.
The advantage that comes with this approach is that it will help you better manage your trade.
The second method used to define that London trading range ignores that candle wicks and
focuses on the closing prices to define the range.
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