Get started

Rangetrading

GBPUSD | PERSPECTIVE FOR THE NEW WEEKWith over 250pips in our direction since my last publication on this pair (see link below for reference purposes); Price experienced a Correction phase to climb back to our previous Key level @ $1.3000. Since the termination of the Impulse leg that began this month, the price has been moving sideways between $1.27000 and $1.30000. The optimism on Brexit coupled with pessimism on fiscal talks appears to be the major factor that will move/drive the GBP/USD in the following week(s). Volatility is looming on this one! Tendency: Downtrend ( Bearish ) Structure: Breakdown | Channel | Supply & Demand Observation: i. Price has been on a downward spiral since the beginning of the month (October 2020) to find a Flat channel between $1.27000 and $1.30000. ii. Price is currently at an area that has a memory of Selling action as it hovers around the Supply zone. iii. My bias is looking forward to a Breakdown of this Channel in the future but before then I shall target the Demand zone for the first phase of profits. iv. However, a significant Breakout of $1.30500 shall render this setup invalid for the meantime. Trading plan: SELL confirmation with a minimum potential profit of 220 pips. Risk/Reward: 1:4 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
AUDCHF 1D RANGE TRADESRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
by Tradingstrategyguides
BYND 1D RANGE TRADINGRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:BYND
by Tradingstrategyguides
Bond Pong. Like Beer Pong With Less BloatingMost retail futures traders hang out in the stock indices, metals, or energy primarily. This makes sense as those markets move on a daily basis. But tonight, we'd like to make a case for looking at interest rates products, specifically the 30Y bond. As volatility picks up, the bonds haven't really kept pace and instead have stayed within defined ranges, making for a good case for some back-and-forth action. For the past several weeks, a well defined channel in the 30Y Bond (ZBZ2020) has formed with a one point range between 176 and 177. We're buyers at the bottom of the channel at 176 and sellers and the top at 177. It's a game of pong. What's constructive about this chart is that we have bumpers on either side of the channel in the form of a bid zone at 175 and an offer zone at 178. So we can scalp the channel and then look to add on a break or stop and wait for the level. Our current position (CurPos) is flat as price is in the middle of the channel. We'll update this idea on our next entry. Note: the ZN chart (10Y Note) looks similar and is 1/2 the size roughly on a per-tick-basis.
CBOT:ZBZ2020
by TDGonTView
GBPJPY ShortGBPJPY S Trade Ideas ALOHA Traders! The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do. 1. GBPJPY S (2 live positions) D - Broken down out of rising wedge for a reversal. Potential to reach bottom of range around 124 level. 4HR - Currently in trade but looking for a nice rejection from the 4hr 50 ema and if it is broken to the upside with strong momentum then I will consider closing down the trade. But other than that, this is a longer-term hold. Current position is BE across 2 positions. 1 HR - 50 ema has broken to the upside but still holding anchor on 4hr. 15Min - looking at the bigger picture not zoomed into the 15min on this one. Will manage SL according to 50 EMA across bigger time frames. As always, price can absolutely do some crazy, whip shaw shenanigans and nothing is ever a guarantee in the market until it actually happens. SL set at 142/340 pips - very big pip spread. Target: bottom of daily structure. The bottom (or start of) the previous ascending wedge pattern/rising wedge.
Short
by Reid_Hicks
2
Litecoin ranges for easy scalpsDrop a like if this helps you out, its free! :) Range trading is one of my favourite trading strategies at the moment. It is highly profitable, highly rewarding and a good way to learn the markets. As you can see when a crypto enters a range like this one there are multiple opportunities to short the top and long the bottom of the range (yellow lines) for some very profitable scalps. And once the range breaks long/short the break of the range for some easy gains. If you want to be more aggressive you can play between the smaller ranges I marked off on the chart. If you have any questions on how to create setups for these ranges feel free to dm me or comment below. Happy trading!
BITMEX:LTCUSD.P
by BitcornBen
THE BEST WAY TO TRADE RANGES ON CRYPTO (27% percent gain)Drop a like if this helps you out, its free! :) This is the basic premise of how I trade. Usually after a big downwards or upwards move there is a period of consolidation (ranging) the best way to trade this 'Chop' is to plot a range high after a big bounce, then plot a range low from the low where the bounce came from. Create supply/demand zones off these range highs and lows. Lastly plot a mid range. Then simply buy tests of the demand zone and short test of the supply zone. Take profits at the mid range. In this scenario we got 6 trades totalling a gain of 27% which is great!
KRAKEN:BCHUSD
by BitcornBen
2
Range trading: Forex as for 15/09/2020Here we publish signals of the indicator called “ Ranger ”. It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with certain probability. EURUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.1813 Long position 2 (The price today will not fall below this mark with a probability 95%) 1.1783 Long position 3 (The price today will not fall below this mark with a probability 99%) 1.1753 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1937 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1966 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1996 GBPUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.2730 Long position 2 (The price today will not fall below this mark with a probability 95%) 1.2684 Long position 3 (The price today will not fall below this mark with a probability 99%) 1.2640 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.2945 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.2991 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.3036 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 105.22 Long position 2 (The price today will not fall below this mark with a probability 95%) 104.87 Long position 3 (The price today will not fall below this mark with a probability 99%) 104.51 Short position 1 (The price today will not rise above this mark with a probability of 68%) 106.13 Short position 2 (The price today will not rise above this mark with a probability of 95%) 106.49 Short position 3 (The price today will not rise above this mark with a probability of 99%) 106.84 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.
by Trade24Fx
1
CADJPY 1D RANGE TRADINGRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade.
by Tradingstrategyguides
Range trading: Forex as for 14/09/2020Here we publish signals of the indicator called “ Ranger ”. It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with certain probability. EURUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.1772 Long position 2 (The price today will not fall below this mark with a probability 95%) 1.1741 Long position 3 (The price today will not fall below this mark with a probability 99%) 1.1711 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1911 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1942 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1972 GBPUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.2698 Long position 2 (The price today will not fall below this mark with a probability 95%) 1.2654 Long position 3 (The price today will not fall below this mark with a probability 99%) 1.2610 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.2902 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.2946 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.2990 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 105.65 Long position 2 (The price today will not fall below this mark with a probability 95%) 105.29 Long position 3 (The price today will not fall below this mark with a probability 99%) 104.93 Short position 1 (The price today will not rise above this mark with a probability of 68%) 106.53 Short position 2 (The price today will not rise above this mark with a probability of 95%) 106.89 Short position 3 (The price today will not rise above this mark with a probability of 99%) 107.25 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.
by Trade24Fx
2
EURAUD 1D RANGE TRADINGRanges are repeatable trading chart patterns. A Range chart pattern will have a non-directional bias so the price can go either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
by Tradingstrategyguides
2
GOOGL 1D BEAR FLAGBear Flags are Ranges that are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend (short trade). Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NASDAQ:GOOGLShort
by Tradingstrategyguides
2
MCD 1D BEAR FLAG SHORT TRADEBear Flags are Ranges that are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend (short trade). Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:MCDShort
by Tradingstrategyguides
SILVER 1D RANGE BUY TRADERanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
OANDA:XAGUSDLong
by Tradingstrategyguides
BAC 1D BEAR FLAGBear Flags are Ranges which are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:BACShort
by Tradingstrategyguides