ETHUSD 1D RANGE TRADESPrice has been in a range
Volume dropping causing consolidation
ATR and Volatility dropping because candle size is smaller
This is a pattern to look for because traders are getting bored with this consolidation pattern so breakout pending
Wait for breakout candle either long or short to close outside range
Wait for volume bar to be at average line to trade 100% full size
or at 75% of average then trade 50% of size
SL 1.5 x ATR
Rangetrading
EURUSD |SQUEEZE| Simple Technical AnalysisEU has been in downtrend for the past 12 months and has created a falling wedge on the weekly indicating that bulls are getting stronger. Bulls have found some support at 1.1110 which was last tested in May 2017. staying on the weekly there is a 60 pip demand zone between 1.1110-1.1170 which we have dipped into 4 times since April 22nd, each time bull have defended the area forming pin bar rejection candles. For the bearish trend to continue we need a significant break of this area bringing the next weekly support into play (150 pips away) and then the next (300 points away).
On the daily we have triple bottom indicating that the downtrend is decelerating or may be over but technically this market is still bearish, so I suspect there is another leg down to the 1.1110 area and possibly a new low. I will only be considering longs once we get a significant break and close above 1.1220.
On the 4hr we have a head and shoulders (cleaner on the 1hr) which drove prices from the demand zone straight into resistance of 1.1180 which is also our 61.8 fib level giving us a high probably short setup with the trend.
This market may initially break to the downside enticing breakout traders to enter short then reverse to the upside so trade with caution and be ready for all eventualities.
EURCAD Rang Bound trade...Buy Low Sell HighIt is always important to know which phase of the market you trade, Is it a consolidation, is it an early trade, is it a retracement. All this tells you how to trade, where you put your stoploss and your targets. So this is a beautiful range that is identified and you just buy low and sell high.
USD/CAD: Day-Swingtrade-Opportunity! Trade the RANGE#ShortHey tradomaniacs,
welcome to another free signal!
Important: Market still volatile and news-driven! Make sure to reduce your risk decently!
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Type: Day-Swingtrade
Sell-Limit: 1,34646
Stop-Loss: 1,34830
Target 1: 1,34287
Target 2: 1,34125
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
1D PAPA JOHN'S RANGE TRADEPapa John's added Shaq O'Neal to their Board of Directors
This had some positive bullish strength to stock
Price began to fall and created 1st high for range
Company announced their adding to their menu "Organic Veggies"
But Price continued to fall
Price found support and retested the range top
Price broke out of top range with strong volume support but breakout failed
Price returned to range and fell to retest range bottom
Bias is Bearish range breakout because of failed bullish breakout
Watch for a Close below the range bottom w/ volume support
USD/CAD: Day-Swing-Setup! Nice CHANCE to SELL!Hey tradomaniacs,
welcome to another free signal!
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Type: Day-Swingtrade
Sell-Stop: 1.34613
Stop-Loss: 1.34742
Target 1: 1.1343
Target 2: 1.34211
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
USING MATH TRICKS ON YOUR CHARTS You can't count cards in casinos, but you can count bars in price action. No matter what pattern you trade, I would bet that if it falls out of of the pattern in less than 5 bars, it's not going to happen, so don't waste your time. Come back to it later. But, if it holds the pattern for 10 bars, it's probably going to continue in the pattern for 20 to 30 more bars. This little trick enables you to estimate how much time to expect your trading pattern to continue which is very useful when you're deciding whether or not you want to take the trade.
For example, if you're looking for a range pattern to trade on a short-time frame chart, look for one that has been working the range for 10 bars and you can expect at least 10 to 20 more bars of similar price action.
The MACD (Moving Average Convergence Divergence) is another math-hound I love on my charts. It looks at historical prices and gives you a picture of current momentum and direction. MACD crunches numbers on 4 different levels, and that might be hard to do in your head. But, have a look when the MACD line crosses zero, changing from positive to negative polarity, and you'll know the math is telling you something new is happening in the market right now. How does it take historical price numbers and tell us what's happening now or even be predictive of what's going to happen next? Mathematically, of course, it can compare what was happening awhile ago with what the price numbers are doing now, and detect change in the algorithmic patterns. When "change" is viewed as momentum starting to build, that math makes you smarter with your trade entries and exits.
lol imagine not buying as much shift as you can here....dumped to the bottom of a 6month + range over the course of 3 days with significant volume, worth the shot here, not to mention shift is actually good tech :)
USDCAD 4H LONG TRADESPair is in a range
Price bounced off bottom
Price may move through range and retest top of range
Long Trade
Buy Limit @ 1.3338
Buy Stop @ 1.3353
1st Buy Take Profit @ 1.3370
2nd Take profit @ 1.3399
3rd Buy Take Profit @ 1.3438
SL 10 pips below range bottom
Watch Macd for direction
Void trade if range bottom is broken
GBPUSD - Rebound at Bottom of Ascending TriangleGBPUSD was seen rebounding off from the bottom of an ascending triangle within a demand zone.
The price has retraced from the rebound was supported twice at 1.3030 and may be ready to take off very soon.
Furthermore, GBPUSD is still experiencing the process of a ranging market and thus it makes sense to simply buy at the bottom.
ETHUSD 1H KELTNER BREAKOUT OR RANGE TRADE COMING?Look at current previous Keltner posts for breakout and range trading rules
Keltner Channel is flattening out
Breakout could be Bullish or Bearish
Range trade - check 9 post ago - "Know what to look for in a Range Pattern"
Leave your comments below what strategy your will use for this breakout or range trading setup.
TRADING RANGING MARKETS WITH KELTNER BANDSTrading Ranging Markets with Keltner Channel
It is said that the number one account killer in the market is a ranging market. Consolidations are very difficult to trade. However, you can take advantage of the difference in the way Keltner channel system can be used in combination with other technical indicators.
The price won’t really touch the bands when it bounces between the upper and lower envelopes. When we’re in a ranging market, you’ll often see that the price will fail to touch the bands. The majority of the time the price will hug the middle band.
This anomaly in price behavior requires us to use a secondary technical indicator to find profitable trades.
Since the Forex market spends most of its time in consolidation, around 70% of the time, it’s mandatory to have a range trading strategy to survive in this market.
For range trading we like to use Keltner Channel bands in combination with a 2-period RSI indicator. We tweaked the RSI settings so we can better identify tops and bottoms within a trading range.
Note #3: For this Keltner trading strategy we use the 90-10 levels of overbought and oversold readings.
Here are some rules that can guide you to make the best trading decisions:
Keltner envelopes need to turn flat, to signal a consolidation.
Price needs to break below the middle band.
A buy order is triggered once the 2-period RSI goes below 10 indicating oversold conditions.
The protective stop loss can be hidden on the other side of the Keltner band.
For the long side take profit when the RSI reaches the 90 level.
WABI/BTC - potential buy areaBlue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
WABI looks to be floating at the bottom of the range and presents a good opportunity for a long to the top of the range. A daily close outside of the range will indicate a breakout.
Target 1: 0.00006700
TNTBTC - fresh chart after pumpBlue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
TNTBTC pumped earlier than expected and came to the top of the range where I decided to sell. I expect a close within the range and will be looking to buy back in at the two smaller green boxes.
KNOW WHAT TO LOOK FOR IN A RANGE PATTERNThe market is working a range pattern the majority
of the time which is good news if you know what to look for.
Range patterns are full of information that will help you anticipate what comes next, so you can trade. Here are 3 examples that will make you chart smarter!
The first chart is my personal favorite range pattern. When you see a well established range, watch for price to "overshoot" your expected high or low. When that happens, get ready! As soon as it goes past the expected high or low, place pending orders to sell from the top or buy from the bottom. If price comes back to the range, it will come back fast!
The 2nd chart is an example of past performance predicting future price movement. During a range pattern, look back 15 bars from the middle of the range, and anticipate the market moving that far in the opposite direction. In this example, the solid arrow is predictive of the dashed arrow.
The last chart is an example of how the typical slow or no momentum you would expect is happening in the middle third, shaded in orange. To and from the outer edges of the range, momentum shows up.
TIPS FOR RANGE TRADINGRanges contain elements of certainty which are rare in a speculative industry.
With previously established highs and lows, you can anticipate where the market is likely to hold, change direction or stop all together.
5 interesting facts about range patterns when charting price action.
1 - The range pattern is good for traders who are terrible at cutting their losses. The nature of a range is to not make progress in one direction, so this is the best pattern to trade if you don’t like taking your stops. If the market moves against your open trade during a range, your patience may be rewarded, because chances are price will swing back in your direction.
2 - Ranges contain areas where you can expect momentum. That sounds like a contradiction, right? It's not. You can expect the typical slow market condition in a range, but only in the middle third of the range space. Count on momentum showing up when it runs to and from the outer edges of the range.
3 - Past performance predicts future movement. You’ve heard it - you’ve probably even said it - “Past performance is no guarantee of future results.” However, when it comes to range patterns, I keep track of where price has been in the past 15 bars. Do the math because that’s exactly how far you can expect price to move in the opposite direction in the next 15 bars.
4 - After a trend, it only takes 7 bars of time in the range pattern to tell me which direction is coming next. Add the 50 simple moving average to your chart. If price crosses that line and stays below it for more than 7 bars, it’s probably not going to return to the trend any time soon.
5 - The best range trades happen when your expected high or low is suddenly obliterated. Huh? It's true, and this is my secret weapon in trading. If price breaks out of a well established range pattern, immediately place pending orders to trade in the opposite direction. If price fails the breakout (which it usually does), it comes barreling back through the range pattern, and those trades move into profit very quickly.
Range trading: Forex as for 15/03/2019
Under that heading 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 a certain probability.
EURUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1271
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.1247
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.1223
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1354
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1378
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1402
GBPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.3129
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.3055
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.2982
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3348
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3422
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3496
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 111.38
Long position 2
(The price today will not fall below this mark with a probability of 95%) 111.19
Long position 3
(The price today will not fall below this mark with a probability of 99%) 110.99
Short position 1
(The price today will not rise above this mark with a probability of 68%) 112.00
Short position 2
(The price today will not rise above this mark with a probability of 95%) 112.20
Short position 3
(The price today will not rise above this mark with a probability of 99%) 112.39
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.