Range trading: Forex as for 31/10/2018
Here 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%) 1.1281
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1261
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1242
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1405
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1425
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1444
GBPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.2619
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.2591
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.2563
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2792
Short position 2
(The price today will not rise above this mark with a probability of 95%)1.2820
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2848
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 112.63
Long position 2
(The price today will not fall below this mark with a probability 95%) 112.43
Long position 3
(The price today will not fall below this mark with a probability 99%) 112.22
Short position 1
(The price today will not rise above this mark with a probability of 68%) 113.72
Short position 2
(The price today will not rise above this mark with a probability of 95%) 113.92
Short position 3
(The price today will not rise above this mark with a probability of 99%) 114.13
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.
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%) 1.1281
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1261
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1242
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1405
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1425
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1444
GBPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.2619
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.2591
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.2563
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2792
Short position 2
(The price today will not rise above this mark with a probability of 95%)1.2820
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2848
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 112.63
Long position 2
(The price today will not fall below this mark with a probability 95%) 112.43
Long position 3
(The price today will not fall below this mark with a probability 99%) 112.22
Short position 1
(The price today will not rise above this mark with a probability of 68%) 113.72
Short position 2
(The price today will not rise above this mark with a probability of 95%) 113.92
Short position 3
(The price today will not rise above this mark with a probability of 99%) 114.13
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.
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