Forex Trading Strategy - What Is Your Favorite Strategy?

I love strong breakouts, right? It's the highest probability time for trading. By the time you've had a big breakout, there's probably not much left to the move and just stop as far away. And then when the market starts entering a channel, I start to do limit order trades against the channel once the channel starts to become broad. The key is recognizing which one is going on right now. A lot of times, the markets in a transition, you can't tell. Even if it doesn't look like a trading range, if I'm confused, it's in a trading range. If the market's not going to go very far, I'm not going to be