I have finally added a trend following strategy to my arsenal. (this is still in forward testing for the next 2 months).
It involves placing 1 trade every monday night and using the breakout of mondays opening range to profit from.
At the end of every evening up until friday i place the stop loss behind resistance. and if it doesnt hit targets by friday night i...
USD/JPY SHORT, break of the box it has settled in for the past few weeks. Looking for a close outside the box and a retest of the underside of this box or the supporting weekly trend line it has also broken before entering a 3:1 risk reward trade.