If you haven’t read first article about the “Smash & Grab” trading setup, you can read it here.

The beauty of this strategy is that it works based on the principle that there are many traders watching support and resistance levels, waiting for them to break.

When they break, many orders are often times waiting on the other side (the way we did it).

Many traders refer to this type of strategy “breakout trading”.

This is NOT your average breakout trade!

The key difference is that while other traders are looking for the move to carry through, all we’re doing is looking to grab a quick 20 pips as these orders get filled and cash out quick – happy with our payday.

Continuing with the example – you can see below, we hit our target with ease (at the arrow)… pocketing $200 per contract – or $20 on a mini contract.

Now here’s where you can start to leverage this strategy…

As you start to bank some profits, you can then to get aggressive with the “market’s money” and look into ways to start trading the retracement, and subsequent follow-through of that breakout.

In the next chart you can see the market rallied an additional 100 pips AFTER our little trade.

Are you starting to see the potential with this?

Of course on its own this strategy is pretty awesome… but its just the tip of the iceburg.

We’ll further develop this idea in future articles and look at how we can suck even more pips out of the market!

Categories: Trading

*Disclaimer:It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options.