TREND CONTINUATION FOREX STRATEGY | Gerrit Gerber | Skillshare

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TREND CONTINUATION FOREX STRATEGY

teacher avatar Gerrit Gerber, Professional Forex Trader

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Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Lessons in This Class

10 Lessons (56m)
    • 1. Introduction

      2:46
    • 2. How the Strategy Works

      2:15
    • 3. Identifying Market Direction

      2:33
    • 4. Buy Setup Trading Rules

      6:37
    • 5. Creating a Template on MetaTrader 4

      2:06
    • 6. Creating a Template on Tradingview

      2:45
    • 7. Buy Setup Trading Examples

      15:01
    • 8. Sell Setup Trading Rules

      4:15
    • 9. Sell Setup Trading Examples

      16:06
    • 10. Class Project

      1:54
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About This Class

Hi there and welcome to my class!

Forex Trading: Trend Continuation Strategy

This class is for anyone interested in learning a super easy and profitable Forex trading strategy.

By the end of this class you will have a clear understanding of how this Trend Continuation Strategy works and will be able to implement it in the live Forex markets.

You will know how to make use of moving averages to determine market direction. Whether the market is on an uptrend, downtrend or consolidating.

This class provides you with the exact buy and sell setup trading rules to use, and discusses it in a easy to understand fashion, for anyone interested in following along.

This class also shows you how to create a trading template on both MetaTrader 4 and Tradingview to assist you when you implement this strategy.

And then lastly, we go through numerous buy and sell setup trading examples and I show you exactly what to do when you spot a trading setup in the market, as well as where to enter and exit the trade.

This class will tremendously improve your results in the Forex markets and has a high win rate that ensures you always have a statistical edge over the market!

So if you are ready to learn a new super easy and profitable Forex trading strategy, then this class is for you!

I look forward to connecting with you inside!

- Gerrit

Meet Your Teacher

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Gerrit Gerber

Professional Forex Trader

Teacher

Hi there, my name is Gerrit Gerber and I'm a qualified Civil Engineer and a professional Forex trader from South Africa.

I am really passionate about the world of Forex, and have been trading the Forex markets for over 4 years now.

I love to discuss and teach Forex trading to all my friends and family, and I probably drive them nuts by now with all the Forex talk to be honest.

So that is why I decided to branch out to a much larger audience on skillshare, to connect with anyone who might be interested in learning more about Forex trading.

I look forward to sharing my passion, knowledge and experience in the Forex markets with you!

See full profile

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Transcripts

1. Introduction: Hi guys and welcome to another Forex trading education applause of mine, where we will be taking a look at the trend continuation strategy. Now for those that don't know me, my name is Harold Harbor and I am a four extracted from South Africa. And I will be your driving instructor throughout this clause. So let's quickly run through what you will learn in the specific clause. So the kick things off with if we take a look at exactly how the string continuation strategy works, then how to identify the current market direction. So either b or in an up trend, a downtrend, or in a consolidating market. Then I show you the exact BY setup trading rules that specific trading setup needs to adhere by before you can implement the string continuation strategy. Then I show you how to create your very own template on both meta tried to fall and trading view to successfully implement the strain continuation strategy. So really you make use of metadata for or trading view I have you covered and moving on to some live by set up trading examples. So I show you out to successfully implement the bios setup trading rules that we discussed earlier in this clause in the last markets. And we go through some examples just to give you a better understanding of how you can make use of these bi's setup rules. Moving on to the cell setup trading rules now, so this clause covers both buy and sell entries. So this specific lesson on the cell set up trading rules also goes into day and show you the exact rules that you need to follow before you implement the strategy. And then again, some live cells hit up training examples that you can make use of just to give you a better understanding of how the specific train continuation strategy works. So there are just some clause requirements for this drain continuation strategy clause of mine. And that is just to have a basic understanding of technical analysis. Now, not to worry if you don't have understanding of technical analysis already, I have you covered, you can just take a look at all the claws of Manion skill shade the monitoring technical analysis in forex trading clause, and that will assist you with strain continuation strategy. So if you are keen to learn super easy and very powerful for X reading strategy, then I highly recommend you take a look at this gloss of mine. 2. How the Strategy Works: Now the aim of this strategy is to identify strong market trends and to then try the pull backs that the market Mike worked idea of Brice continuing in the same direction. So in a sense to buy goo bags on an AP trained and to sell who backs on a downtrend. Now, the forex market move in two different waves, namely an impulse of life, which is always in the direction of the market trained, followed by a corrective wave or boo back. So taking a look at this example for pullback on an AP trained or initial wave is this impulsive wife Haya. So this indicates the trained direction followed by a corrective wife or pull back. So the aim of this strategy is deemed to identify possible Long entries in this corrective way for us to catch this impulsive move higher. Similarly for this downtrend example, after this initial impulsive wave, lower corrective wife, or an impulse of life usually follows. So that I am going to identify showed opportunities for us to catch this impulsive wave lower. So that is the aim of the strategy for upturns and downturns. Now, this strategy uses different moving averages, do identify the current market direction to try it in, and then waits for price to BU back into the array of moving averages to enter the dry in the predetermined drained direction. Always remember that the trend is your friend. So when in doubt, always try it in the direction of the market drain. So on up trains go for by opportunities or look for long entries and then fall down drains. Look for short entries to sell the market in the trained direction. So never go against a strong market train. 3. Identifying Market Direction: So how are we going to be using moving averages to help us identify market direction in the strain continuation strategy. Now, we can identify the direction of the train by using an array of free moving averages, namely the nine, twenty, one, and fifty exponential moving averages. So for an up trend, the smaller moving averages or above the bigger moving averages. So in this strategy than nine Moving Average should always be above the 21 moving average, which should always be above the 50 moving average. And that is how we know we are on an upswing. So for this upgrade example of a year, you can see that the nine Moving Average is at the top, followed by the 21 moving average. And then lastly the 50 moving average, so arranged from smallest to biggest moving average. This gives us an indication that we are currently on a strong upturned and we should identify possible log entries for the pullbacks. Similar for down trains, the smaller moving averages or below the bigger moving average. So the nine is below 21, which is beloved of 50 moving average. So in this example for this downtrend move over here, we see that the nine Moving Average is at the bottom, followed by the 21 moving average and then the 50 moving average. So going from smallest to biggest and helps us identify the strong downstream. And then for us to look for potential pullbacks to enter this market lower. Now, moving averages should be spread out to indicate a strong trend direction. And what I mean by being spread out is, as you can see, the moving averages of four apart from each other. So the father, the further they are apart from one another, the stronger the specific train direction becomes. You don't want your moving averages to overlap or be as close together as possible because this indicates an indecisive market and doesn't give us a clear market direction. So moving averages should always be spread out to indicate the strong drain direction, either upward or downward. 4. Buy Setup Trading Rules: Let's take a look at the setup rules for the strain continuation strategy. With the first rule being that your minute 15 and our one timeframes should both indicate clear up trains. So you're nine Moving Average should be above the 21 moving average, which is Dana above your 50 moving average for both of these timeframes to indicate that the market is on a clear up trained higher. Then the second rule is to write for Uzbek formation to appear into the right of moving averages. So often this impulse of wife Haya, you should write for price to pull back and into this array of moving averages and taste either one of these three moving averages. So think of moving averages as support and resistance areas for price to react to in the market. So in this example, price is just bouncing off this nine Moving Average and continues higher in this upturned. So just wait for price to BU back into this array of moving averages and paste either one of these moving averages. So how do you know when BU back formation as a bit into this array of moving averages, you can make use of two different signal candles. Now the first signal candle, issue of bullish in golfing candle, and the second issue of boorish Benvolio. So in either one of these signal candles appears at the moving averages, then you can look for possible Long entries. So when prize pool back into the earth moving averages and this bullish engulfing pattern appears. Then you can look for long positions to catch the impulsive way of Aya. Similarly, if this boorish pen bar appears, we priced tested this moving averages, then you can look for by entries to catch this impulsive wave higher. So how do you enter the market? So any one of this signal candles appear. You can place a buy stop order to, but above the signal candle closure. So after this Boolean golfing pattern appears, you place your bio stop audit two pips above the closure of this Boole's engulfing candlestick pattern. Similarly for this bullish spend bar, you pleasure by stop or the tube above the, the closure of this bullish pen ball. So remember that by stop orders or always above your current market price with the IMD info price to continue I in your favor. So if you buy stock or these triggered, then you automatically entered into your long position. So OFDM entered your tray. Then you just place your stop loss to pips below. And your signal candle. So two pips below your low of this signal candle issue a stop-loss. So similarly for this bullish Pentaho, two pips below this loud, you place your stop loss. So your entry two pips above the signal candle. So this is then your risk oil one r. And then you type profit can be either 1.5 to two are away from your entry. So you target is then above your take profit, which is then just either 1.5 to two are away from your entry. So ideally a 1.5 or ratio works very well. In the Forex markets are, I recommend to go with a 1.5 or. Now, let's take a look at this example below. So for this formation of your bullish engulfing candle, as you can see, this green candle just fully engulfs this bearish candle and pullback formation appears at this nine Moving Average Price. So as you can see, prizes moving in an impulsive wife over here, followed by this pull back into this nine Moving Average. And then your signal candle appears, you're bullish in golfing candle appears. So now we want to type this long position. So you enter by stop ordered two pips above this signal candle over here. Then you place your stop-loss two pips below this signal candle disposition golfing candle with, so this is the, this is the new one or your risk. And then you can just place your take profit order 1.5 to two or above your injury. So let's just say this is 1.5 or away from entry. So as you can see, after this signal candle PS, you place your entry, your stop-loss, and your take profit order. And just lookout, Bryce, just heat too tight profit area. Similarly, you can do the exact same for this boorish. Spend more. You just place your interests, stop loss and take profit levels for when that release, when bought peers in the market. So that is really simple, Are you can try your bitrates, How you can wait for your signal candle to appear on your obtained. So let me just show you some live examples. And to do that, I'll show you first how you can create your very own template on meta tried before to indicate the different moving averages. And then we will dive into some live examples on trading view to show you exactly how the strain continuation strategy works for bitrate. 5. Creating a Template on MetaTrader 4: So if you want to try the strain continuation strategy, then the first thing that you can do is create a template on meta trade-off for that is unique to the specific strategy. And to do that, you can simply click on any one of these symbols in your Market Watch. And let's just open the US dollar, Canadian dollar pay. Now, we are going to add or different moving averages that we will be using in this specific strategy. And to do that, you can simply click on these indicators List, Tab character moving averages. Then our first moving average is the nine exponential moving average. So you can just leave it as is. If this isn't already selected, then you can just click on exponential and then just click on ok. So we are going to follow the same steps for 21 moving average 21, we are going to make blue. And then lastly, 50 moving average, we are going to be making green. So they, you have your free different exponential moving averages, each one representing a different color. So you know your red line indicates your nine exponential moving average. Your blue line, you're 21 exponential average, and you green line Yo 50 exponential moving average. Now, to save this template, you can simply right-click, go to template, click on safe template, and let's just name it. Trained. Continuation, like that. And you can just simply save this template. Now if you want to use this template in a different currency PE, you can just simply open different currency pay. Go to this tab over here, the Templates tab, and you can select your train continuation template that you just created, Surya issue different moving averages that you're now able to make use of and try it on beta. 6. Creating a Template on Tradingview: So if you're like me and you would rather do your analysis on trading view, then you can follow the exact same steps as before. You can create your very own template unique to the train continuation strategy. And to do that, you simply go to this indicates and strategies tab over here. You can type in moving averages. Just click on this moving average exponential. And as you can see, yes offers moving average. Now to edit this moving average, you can simply double-click on it, go to inputs, and you can see the length is nine, so that's or nine, exponential moving average. And let's just stick to the same theme as on meetups writer foo and make it red. Now to just do the exact same thing for the other two exponential moving averages. So as you can see, the default moving average on trading view is nine. So the second moving average is just overlapping the first. And to edit it, you can go to this left-hand side over here, go to the lowest BMI carried to your settings and you can edit it over day. So let's make this 21. Sticking to the signing style as metadata for just make it blue and also a bit thicker. So this is the first two moving averages. And then lastly, we are going to add or 50 moving average as well. Just iterated over the inputs 50. And let's make this one green. Just make it a bit more thicker. And they have a free different exponential moving averages for the specific strategy. Now to save this as its own template, you can just go to this tab of the indicate the templates. Click on It. Side indicated template. Let's just name it strategy, strategy one and then side. So now this specific template, the side. So if you want to make use of this template, again, you can simply type in the specific currency pay that you are looking to try to talk. Let's just go to the US dollar, Swiss Franc real quick. And this is the template automatically populated on this shot. So that is how you can use striding viewed into perform your analysis for this specific strategy. 7. Buy Setup Trading Examples: Let's go through a few examples of bys, setups using the string continuation strategy. So for our first example, using this Euro USD jot, the very first rule states that we need to make sure that the current market is on a clear up trained using both minute 15 and our one timeframes. So starting with the one hour timeframe, just click on this one, our tab above over day. And using all three different moving averages, we can see that the current market is on a clear upfront because of red line, which is our nine EMI is above or blue line, or 21 EMI, which is above the green line, which is all 50 EMI. So on the one hour, we can see that we on clear upfront. So we need to confirm first that we are or indeed on a clay object using the minute 15 timeframe. So let's just go to this timeframe real quick. And as you can see from the moving averages, we are indeed on an upfront as well. So the nine Moving Average is above the 21 moving average, which is above the 50 moving average. So this is clear signs that we aren't clear up trained for both timeframes. So we can proceed to rule number two, which states that a clear pullback formation should take place into the array of moving averages. So take a look at the price action of the cell following this impulse of wife higher. And price is currently pulling back into this array of moving averages. Price is currently tasting this 219 EMI. So rule two states that a valid tool back formation should appear into the moving averages and to determine whether it is indeed a valid pullback formation, one or one of the two signal candles should appear either bullish in golfing candle or bullish pinball. And using the, these two candle sticks over here, we see that a bullish in golfing candlestick is being formed on the, on the 21 EMI. So this is then a valid setup and we can proceed with our entry orders or stop loss and take profit orders as well. So to enter this market, let's just zoom in a bit on this chart. To enter this market, we need to place or buy stock or the two pips above the closure of a signal candle. So this green candle is then or signal candle and we need to place a buy stop order to pips above this closure via so the closure of the scandal is at 1.18474. So to assist me with my bracket order, I'm going to be implementing and go straight. And, or the box trading too from trading view. So if you click on this tab here and expand this to clicking on long position, we just kinda visualize how price would have played out if we enter this trade or via. So I'm just going to quickly click over day. So of buys stock order is then exactly two pips above the closure of that signal candle. So two pips is ten. So if you want to edit this, do this, double click on it. So at this entry price, you then enter your body stop order, which is then 1.18494, which is exactly two pips above the scandals. The closure then or stop-loss is two pips below the signal candle. So let me just get that specific price over a day. And using this horizontal line two, we can see that the exact price is at 1.18415. So stop-loss is then exactly two pips below that level. Silages Aedes on the go straight as well. So do pips below that is then. And 1.18395 like that. And that is two pips. So we we now have a buy stop order via stop-loss, said now, how do you know where to place your tight profit? So this is a very handy tool on trading view. When you hover your mouse over this box reading tool, you can see in the middle of VHS, risk slash reward ratio. So by setup rules type that or target can be anywhere between 1.5 to two or so arrested reward of 1205 or one to do so, to get exact label in the market, you can simply drag this top of the screen box until you are satisfied with your risk reward ratio. So any way between 1.5 to two is sufficient. So let's just leave it like that. So now we have, oh, now we have a complete bracket orders for the straight. We have target area of a buy stop and stop-loss. So let's see what happens of this closure of the scandals stick. If the price it goes lower than o by stockholder won't be triggered and we can simply exit strike. But if the price keeps on moving higher, Taino by stockholder will automatically be triggered. We will have our type profit and stop plots also implies. So then the market will just play out longitude. So let's have a look at what is coming to take place of the test closure of the scandal. So just basing this life reply. As you can see, this is our price would have played out. Now. We were entered into the market over here at the scandals stick. And then immediately after the scandals stick, the next do candle 612 or target price was he? So moving on to our next example, using this Australian dollar, the Japanese yen jot, we can see that the market is currently on a clear upfront on the one hour time frame, all the moving averages or as they should be. So let's just quickly confirmed that the minute 15 timeframe is on an update as well. It is. So let's just browse through this market real quick and look for potential pullbacks into the write-off, moving averages fast to enter long positions. So let's just fast forward this market and then wait for potential pullbacks for price to move into our array of moving averages so that we can enter or by position. So here we go. So after this impulsive move, higher price, pulled back into this array of moving averages. The scandals stick over a year to anyone EMI. So a valid pullback formation is currently appearing in the market because this is a strong bullish pen bar, which is a signal candle. So we are on clear up drains for both timeframes, a valid signal candle is appeared and we can enter the strike. So let's enter another girl straight for this example as well. And remember you into your buy stock exactly two pips above the closure of the signal candle. So the closure is then OVS 77.457. So let's just enter that then on this box trading too. So entry price is then 477. So that is exactly two pips above the closure, with stop-loss being two pips below this level of signal candle. So again, just quickly drawing a horizontal line to determine this price, we need to stop loss then to perhaps be loud that value, which is then 7.3577 in the market. They have your entry, stop loss, and take profit. We are simply dragging these two until you are satisfied with your rest. Revote, say this is good enough. Rest rule of 1.5. So let's see how this setup plays out in the market. So the price curves and boom, we are of the trade. So as you can see, this trading strategy is a really quick trading strategy. We are in and out of the market really quickly. And I would say on average, each tried lost no longer than three or four hours. Maximum. Because when you're on a strong wind, then the moves are also strong. That follows this price action to our target area is very aggressive, as you can see from these big bullish candle sticks. So we entered the market immediately of the closure of this Glenbow via reentered the rocket over here and boom aggressively upwards who we were closed out in profits and we are happy. Try this so far. Last example, using the Australian dollar, US dollar chart. You can see from the one hour time frame that the nine EMI is above the 21 EMI, which is above the 50th m i. So each ranging from smallest to biggest EMI is also nicely spread out between each moving average. So this is an indication of a clear and valid up trained on the one hour time frame. Sorry, let's just confirm that the minute 15 timeframe is also in an upstream, which is, as you can see from the different moving averages. So often this strong impulsive wife, Haya, you can see that process just bouncing off this nine Moving Average and it's finding support at the strong nine Moving Average. So often this impulse of life, the price action that follows is price is just pulling back and tasting this moving averages. So price is reacting at this 3d one, EMI, which is evident from this bullish pen BOD as being formed surprise when into this moving average got rejected and came back and form this ghoulish then ball. Now, just something to quickly note, a bullish Bernbach doesn't always have to be green. This is a valid policemen br as well. Just as long as this downwards Week is much larger than the body of the candlestick, Dan is a valid bullish pinball. So we have a valid signal candle appearing into this array of moving averages. So we can now proceed to enter this by setup tray. So let's enter another goes straight in the market. So we then enter a buy stop order, exactly two pips above the signal candle, which is all police Pinball side of the gate, that exact price level. Let's just get this level of the signal candle, which is then 0.73096. So by entering a buy stop order exactly two pips above or entry process, then 0.731160, stop-loss is then two pips below this signal candles or this bottom of the spin bar, which is at 0.73036. So let's just edit that in our box reading too. So let's go on to higher, which is then equal to des OVA, 0.7. 3-0, 1 sixth is exactly two pips below this level of the scandals stick. So this stop-loss is ten Pepsi. Using this ghostwrite, you can see that our current stop-loss is tamed Pepsi wife from entry. So they sustain or risk or one or, and to determine or type profit gets, just drag these two to 1.5, so that's good enough. So we now have complete bracket order. So let see how the strike would have played out. So immediately we are triggered and wow, this was a very aggressive trade. Look at these gigantic boorish candle sticks. And that is just what, how important it is to use moving averages that are so nicely spread out. So this indicates a very strong upturned because the moving averages or so for apart from each other. So and after this bullish signal candle, we are entered into the strike. And then 12 candle sticks, we are out of the stripe. So again, this is another good example of just how quickly we are in and out of our trade using this specific strategy. So that is just some examples of how to enter these Pie, say tops, when they appear in the live markets. 8. Sell Setup Trading Rules: So our cells setups, or basically just the opposite of a biased set up. We have the first rule being that the minute 15 and our one timeframes, she'd both indicate clear downtrend who have the nine Moving Average being allowed it to anyone moving average, which is below the 50 moving average. So a valid pullback formation should then again also peer into the RIAA of moving average. And that led to bad formation is represented by the different signal candles. So in this case, when bearish in golfing gamble is formed or when Barry spend bar is present in the market. So now we are on a downtrend, so the impulse of wife is lower. So when the market makes a correction or pull back like this, and a bearish engulfing signal candle appears like this, then we will be looking for short opportunities to catch this impulsive wife lower. So similarly for this barry spent ball for the corrected wife or the CPU back when this barry spent appears into the array of moving averages, then we can look for opportunities to go lower in this market. So how you enter the stride is then you place a sell stop order two pips below your signal candle. So forebears engulfing candles at the closure of this bearing, bearish engulfing candle, you place you sell stop order. Two pips below this signal candle, say yourself, stop order is always below your current market price with the idea the info price to continue lower in your favor. Similarly for this bearish Bembo, your entry is placed two pips below this bearish pen bar. And then for your stop loss, you can place your stop-loss order to pips above your signal candle. So if this is your signal candle, you just play. So stop-loss to perhaps above here, similar for the Ben bought to perhaps above, which is then your risk. So u, one or. And then likewise phenotype profit, you can say 1.5 to two or away from your h3. So below the witches then either 1.5 or two are away from your entry. So now you have your entry, you have your stop-loss, and you have your take profit order, which completes your entire bracket audit for this sale setup. So let's take a look at this quick example of the year. So using this barry spent by example or entry is then two pips below the signal candle, say Plato shall stop all the clips below this barry spent ball. So you can see this bearish pen bar is pulling back into this nine Moving Average and 21 moving average. So this is a valid pullback formation. So we have our entry. Now, we place a stop loss to pips above our signal candle, which is over day. And then this is 1001 or so or risk. So which ever that equates to in pips or capital percentage. So you can then the ratio take profit order over in the market. So for example, psych, let's just say this is 1.5 or away from entry. So that is then your cell setup rules. It's exactly the same budget, opposite you bias it or rules. And it's also very easy to follow. It's very clear rules that you can follow. So let's dive into some examples of how you can execute your shell setups when they appear in. 9. Sell Setup Trading Examples: For first cell, say top example, we will be using this US dollar, the Canadian dollar shot. So the first rule that we need to ensure that we are in a clear downtrend on both the minute 15 and our one timeframes. So on this one hour time frame, by using three different moving averages, you can clearly see that the nine EMI is below the 21 EMI and below the 50 EMI. So this is a valid downtrend on the one hour timeframe. However, we need to confirm that the minute 15 timeframe is also showing us a downtrend. So let's just go to the 15 minute time frame. And as you can see, this is in fact the valid downstream. So we can now proceed with the remaining steps in OCL setup rules. So often this impulsive wife lower the price action that follows is price is currently pulling back into this array of moving averages, each tasting this dreamy one, EMI resistance. And a valid goo back formation is appearing in the market as shown with this bearish then bow. So we are on a downtrend valid signal candle is appearing, so we can now into a short position lower. So again, using our ghostwrite, expanding this tab, let's go to a short position. So entering this market, you place a sell stop order, two pips below your signal candle. So the signal candle closes at 1.32346. So two pips below that, you place your cells pop ordered in. So let's just drag and then to two pips below that order, which is at 1.3232. So that is where you place you sell stop order. And then our stop loss is spliced to perhaps above this height of this signal candle, which is soda Arthur single candle is at 1.3 to 47. So stop-loss is then just do pips above the price. So now we have a sell stop order implies or stop-loss. So by dragging this restaurant vote to do a favorable risk reward ratio of, let's stick to about 1.5 david girl. So we have our complete bracket order through this shell example. So let's see how the market plays out. Now, we are immediately entered into this trade. It's consolidating a bit and they wheel out. So often this bearish Bembo, we were entered into this market. The market consolidated for that and then just aggressively declined and we took profit of E. So again, another quick tried in and out of the market. And we are happy drivers. So let's say you are currently monitoring this British pound, Japanese yen chart. And you see this nice town trained currently being formed in the market. And you know that of the impulse of wives, a corrective wife or pullback is likely to follow. And you know from the specific drain continuation strategy that you need a pool back into this array of moving averages to appear for you to enter your cell positions lower. So you monitor the trait and let's see how the candlestick spliced out and wait a pullback does indeed appear for you to take your short, say Tops lower. So as you can see, price is currently pulling back into the moving averages. And now we just have to write for a valid setup to form or a signal candle to appear in the market for you to validate that specific setup. So over here you can see that this is a valid signal candle, which is a bearish engulfing candle. And it is formed during this pull back into the moving average array. And it is finding resistance on the 21 EMI. Sorry, you know, this is a valid pullback formation that's appearing. However, before you can enter this position, you need to first confirm that this market is in fact on a downtrend on our one timeframe as well. You already know from the minute 15 timeframe that dynein EMI is below the 21, which is below the 50. So the minute 15 timeframe is already a valid downtrend. So let's just confirm raided. Our one timeframe is also valid. So let's see of free moving averages. And as you can see, this is also a valid downtrend. The 50 is at the top, followed by 219. So going from biggest to smallest EMI. So this is also on a clear downtrend. And we are good to proceed. And you can take that signal candle that you spot it in the market or via. So let's put in another ghostwrite for this example to take this parish in golfing cell setup to the downside, so into short position. Now you know to enter your short position exactly two pips below the signal candle. So you place a sell stop order to pips below this bearish engulfing candle, which is at 134668. So it's aided the sparks reading too, and we change or entry price to to match all trading rules. So that will be then at 134.6 for ICT is exactly two pips below the closure of this signal candle. And then stop-loss is two pips above the signal candle. So let's just find that value by drawing a horizontal support line. So it is currently at 134.8 57. So stop-loss will then be at 134.873. So two pips above this signal candle. So now you can decide your own risk reward ratio, what you feel comfortable with. So let's go to 1.5 again in the strike, and come on. There we go. So this is a new valid setup. It's on a clear downstream. There is a valid foo back formation, various engulfing is present. You have your entry price, you will stop loss as well as you type profit. So let's see how the strike would have played out. So me Saviour into it, into the straight and it's consolidating and but and there you go. You are out of the strike. So this would have been a nail-biting, tried to be honest. If you see the stock of price action. And it's not a nice feeling when you see the stock of consolidation because each one of these green candles, you are just thinking of the strikers guarantee my stop-loss and I'm going to do this tried with a loss. So what I can advise you is just to enter the strike and look at it. Just go fishing, go out with friends. Because as soon as you see this type of consolidation, then you will be tempted to close the strike prematurely soluble either close the strike may be 0V or with a loss over here because it's better to, because you think it's better to close. And the tried prematurely in having you entire deny having the trait heat your stop-loss area. But the best advice is just to let it do its thing and let it play out how it should. So immediately after this signal candle, we are entered into the strike, followed by some consolidating and some nail biting candlestick being formed. And they ingest this aggressive candlestick lower heating or tight profit and exiting us out of our trade with a profit. So that is a valid various engulfing example for a show for cell setup. So far lost cell say top example, using the stream continuation strategy, we will be taking a look at this US dollar Swiss Franc shot. Now, on the one hour timeframe, you can see from the different moving averages that the 50 EMI is above the 21 E and I, which is above the nine EMI. So this is a valid downtrend 4001 hour time frame. However, we first need to double check that the minute 15 timeframe is also on a valid down drink before we can proceed with the remaining steps for ourselves. Setup. Let's go to the minute 15 timeframe. And as you can see from the different moving averages, we are in fact on a clear downtrend and we can thus proceed with the remaining rules of sale setup. So I just want to show you just how frequently the specific setup ps in the market and on this US dollars to his friend shot. Now you can probably spot three different shell setups that you could have taken and where I've been profitable on this job. With the first being over here. When the formation of this barry spent more is formed of two this impulsive wise, when the price boo back into this array of moving averages and forms, this barry spent ball, which is then valid signal candle. So you could have entered you sell stop order two pips below this signal candle, stop-loss, two pips above. And then you take profit 1.5 or two or y from your entry. And you would have been in and out of the strike in two or three candle sticks. So this would have been a profitable trade for you to type. So immediately offer this successful. I'll set up a second valid setup follows. This. Berries in golfing. Candlestick appears in the market with prices just pulling back into this array of moving averages. And this valid signal candle appears in the market. So this is a very strong bearish in golfing candle. So you could have placed your self-talk ordered two pips below this signal candle, those stop-loss two pips above, and then you type profit 1.5 or two or below your entry. So again, this would have been a successful and profitable trade. So after this successful second shell setup, this impulse of wife move slower and this price action is then followed of this impulse of life. So price is pulling back and tasting this array of moving averages. And this valid pullback formation is being formed. This bearish engulfing pattern is present in the market. And again, this is also a valid saved up for you to take. So this is three very good setups that you could have taken. So let's just see how this setup would have played out had you entered it in the market by implementing another short position or another ghostwrite. So the rules that you sell stop order should be two pips below your signal candle. So let's just implement this girl strike and insert the different levels. So this specific signal candle is currently at 0.9 and 96. Then our exact injury would be two pips below that at 0.9948. And our stop loss will be two pips above the signal candle. So let's just determine that value at 0.9103. So stop-loss is just as is to pips above that closure of that signal cancel. So we have an entry, you have stop-loss. So let's just determine or type profit by getting with 1.5 rested reward as well. So in all of these examples, I use a reservoir of 1.5 because I found it to work the best for me. And the bigger your restaurant becomes, the less profitable and less likely you off getting a successful tried. So I don't recommend you starting out with 1.5 or just to get a feeling that what best works for you. So we have complete bracket, order them. So let's just see how the straight graph played out to be entered. It sell immediately we our industry and we are out just as clear. So immediately off the disclosure of this parish in golfing candle or trade was triggered. We ain't, we entered into this short musician and of the few candles, we successfully closed RF, strike in profit. So ADG taken all three of these setups, you would have been really API tried and you would have gone straight to the bank or you graph called Joe, wife. Husband who will go frame o. You will have told the entire world are good for X-rayed and how good the strain continuation strategy works. So that is just how easy it is to implement the specific strategy in the market and just how frequently you can actually try the specific setup when it appears in the market. So that concludes the, the info or strategy in this course. So if you spot these setups and then please feel free to implement the biopsy all set up rules of the train continuation strategy. 10. Class Project: So your class project is to create your very own trading setup using the methodology outlined in this clause. So you can either create a buy or sell trading setup and TOP get started. You can just review, listen for, and ICT regarding the buy and sell setup trading rules. Again, we can make use of the strain continuation strategy rules, PDF attachment to assist you. Then you can simply use the rectangular box reading two or the Gauss tried on trading view just to visualize your trading setup and you just enter you exact entry, stop loss, and take profit price levels for the driving, say top you are looking at and you allow your trading setup to fly out of the US, entered your different price levels, and you can then share the end result of your trading idea with either the clause or on social media. And you can tag me on any of my social media accounts that are provided in my skill share profile. So yes, just a quick trading setup example that you can make use of to create your very own trading setup for this gloss project. Now thank you for making it. Till the end of this gloss. I really appreciate it and I hope you found this clause super insightful and enjoyable. And if you are still keen to learn a bit more and to expand your knowledge on for extracting. Feel free to check out some of my other clauses you on skills as well. So that is even from my side. And I really hope you can implement the string continuation strategy in the market. And you found it as easy and as powerful a Forex trading strategy as ID. So Tikki guys.