Posted by: joetradingplace | March 12, 2015

BB trend following strategy

I am looking at eurusd and usdcad, hourly bars closing above and below BB respectively. We have been short eurusd and now there is an opportunity to add more positions, already we have made about 3% on the eurusd short, so if we add a position with only 0.5-1% risk, we have a cushion already from banked profits. Thats what trend following is about, taking advantage of the long term trend.

Eurusd trade   1. Trend is down so we are only selling

2. Bullish bar closes above BB (trigger bar)

3. Place sell limit above trigger bar

 

Usdcad trade   1. Trend is up so we are only buying

2. Bearish bar closes below BB (trigger bar)

3. Place buy limit below trigger bar

 

Thats how simple it is to trade the BB trend following strategy, just the three steps.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: