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2 strategies and tactics for Continuation Trades

What is Continuation Trades strategy?

Every great achievement starts with a well-thought-out plan. It can be the launch of a new product, expanding into new markets, or just trying to increase efficiency. You'll need a delicate combination of strategies and tactics to ensure that the journey is smooth and effective.

Finding the right Continuation Trades strategy can be daunting, especially when you're busy working on your day-to-day tasks. This is why we've curated a list of examples for your inspiration.

Copy these examples into your preferred tool, or utilize Tability to ensure you remain accountable.

How to write your own Continuation Trades strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Continuation Trades strategy examples

You will find in the next section many different Continuation Trades tactics. We've included action items in our templates to make it as actionable as possible.

Strategies and tactics for developing an ICC Trading Strategy with MT5

  • ⛳️ Strategy 1: Identify trend continuation

    • Familiarise yourself with the MT5 platform and its functionalities
    • Install the SCI indicator and set it up on your desired trading charts
    • Observe the SCI indicator to identify signals indicating a continuation pattern
    • Determine the dominant trend direction using additional indicators if necessary
    • Monitor key support and resistance levels on the trading chart
    • Identify potential continuation zones where price may resume in trend direction
    • Use moving averages to confirm the trend direction post-indication
    • Annotate trend continuation zones on the chart for easy identification
    • Set alerts on MT5 to notify when price enters identified continuation zones
    • Refine zone identification based on historical performance and outcomes

  • ⛳️ Strategy 2: Confirm trade signals

    • Evaluate SCI signal alignment with the dominant trend direction
    • Use a secondary indicator such as RSI to confirm trade signal strength
    • Check for confluence with other technical indicators before entering a trade
    • Observe volume indicators to validate trend strength and continuation potential
    • Look for candlestick patterns that indicate possible trends continuation
    • Analyse any fundamental news that might influence the trend direction
    • Study the size and direction of candlestick wicks at continuation zones
    • Remove any signals that do not meet the confirmation criteria
    • Set clear criteria for what constitutes a confirmed trade signal
    • Keep a trading journal to document confirmed signals and outcomes

  • ⛳️ Strategy 3: Execute continuation trades

    • Enter a trade shortly after receiving a verified continuation signal
    • Create a risk management plan specifying risk-reward ratios for trades
    • Set stop loss and take profit levels based on historical volatility measures
    • Use MT5 trade management tools to automate entry and exit points
    • Monitor trade for adherence to expected movement and adjust if necessary
    • Document trades in a journal, noting entry, exit, and rationale
    • Analyse completed trades for adherence to the strategy and adjust as needed
    • Attend continuous learning to remain updated on indicator-based strategies
    • Backtest the strategy periodically to ensure continued effectiveness
    • Join trading forums to discuss and refine strategies with other traders
continuation-tradestechnical-indicatorstraderrisk-managertrading-strategy-developmentmarket-analysis
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Strategies and tactics for developing a Profitable Day Trading Strategy

  • ⛳️ Strategy 1: Adopt the EMA Pullback Method

    • Set up 9 EMA and 21 EMA on your trading charts
    • Choose assets that are highly liquid such as major forex pairs or SP500 futures
    • Monitor the 5-minute chart actively during the highest liquidity hours for your chosen market
    • Identify the trend by ensuring the price is above both 9 EMA and 21 EMA for a bullish trend
    • Wait for the price to pull back to the 9 or 21 EMA in the direction of the trend
    • Confirm an entry using volume spikes on breakout candles and bullish candlestick patterns
    • Place a buy stop order above the high of the pullback candle
    • Set a stop loss below the recent swing low or use 1.5x ATR for volatility adjustment
    • Establish initial profit targets at 1:1 risk-reward ratio and adjust as needed
    • Ensure total exposure to risk per trade does not exceed 1% of your account balance

  • ⛳️ Strategy 2: Utilise Effective Risk Management

    • Define your maximum risk tolerance per trade and systematically adhere to it
    • Set a daily maximum loss cap at 2% of your account balance to cease trading if reached
    • Implement position sizing methods to ensure capital preservation
    • Avoid trades during major scheduled news events to manage unexpected volatility
    • Utilise ATR to determine the appropriate market conditions and avoid low volatility trades
    • Confirm that higher timeframe trends align with 5-minute chart setups for consistency
    • Exclude trades in markets deemed to provide choppy or unclear signals
    • Define clear conditions under which you will avoid or limit leveraged trades
    • Backtest risk parameters on historical data and adjust accordingly
    • Evaluate overall performance monthly and recalibrate risk strategies if necessary

  • ⛳️ Strategy 3: Maintain Trading Discipline and Setups

    • Create a predefined trading plan specifying entry, exit, and stop criteria
    • Document every trade in detail for subsequent analysis and learning
    • Restrain from making impulsive decisions and overtrading throughout sessions
    • Monitor psychological aspects such as greed or fear which affect decision making
    • Focus only on high-probability setup opportunities termed as A+ setups
    • Commit to frequent review of strategy effectiveness and adaptability
    • Ingrain a structured routine to aid consistent and disciplined trading practices
    • Use mechanical aids like hotkeys to ensure swift execution during peak moments
    • Engage in strategy optimisation based on observed performance and market shifts
    • Develop coping strategies to manage emotional stress and minimise revenge trading
scalpingtechnical-analysisday-traderrisk-managertrading-teamrisk-management-team
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How to track your Continuation Trades strategies and tactics

Having a plan is one thing, sticking to it is another.

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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