Range trading: Forex as of 24/05/2021
Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.
EURUSD
Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.2122
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.2098
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.2074
Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.2236
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.2261
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.2285
GBPUSD
Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.4072
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.4038
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.4003
Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.4222
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.4256
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.4291
USDJPY
Long position 1
(the price today will not fall below this mark with a probability of 68%) 108.46
Long position 2
(the price today will not fall below this mark with a probability of 95%) 108.23
Long position 3
(the price today will not fall below this mark with a probability of 99%) 108.01
Short position 1
(the price today will not rise above this mark with a probability of 68%) 109.36
Short position 2
(the price today will not rise above this mark with a probability of 95%) 109.59
Short position 3
(the price today will not rise above this mark with a probability of 99%) 109.81
Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.
EURUSD
Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.2122
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.2098
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.2074
Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.2236
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.2261
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.2285
GBPUSD
Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.4072
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.4038
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.4003
Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.4222
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.4256
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.4291
USDJPY
Long position 1
(the price today will not fall below this mark with a probability of 68%) 108.46
Long position 2
(the price today will not fall below this mark with a probability of 95%) 108.23
Long position 3
(the price today will not fall below this mark with a probability of 99%) 108.01
Short position 1
(the price today will not rise above this mark with a probability of 68%) 109.36
Short position 2
(the price today will not rise above this mark with a probability of 95%) 109.59
Short position 3
(the price today will not rise above this mark with a probability of 99%) 109.81
Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
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