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Rangetrading

XAUUSD GOLD 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.
OANDA:XAUUSD
by Tradingstrategyguides
1
Range trading: Forex as for 15/06/2020Under 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%) 1.1177 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.1146 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.1115 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1318 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1349 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1379 GBPUSD Long position 1 [/b (The price today will not fall below this mark with a probability of 68%) 1.2405 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.2359 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.2314 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.2606 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.2652 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.2697 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 106.82 Long position 2 (The price today will not fall below this mark with a probability of 95%) 106.52 Long position 3 (The price today will not fall below this mark with a probability of 99%) 106.22 Short position 1 (The price today will not rise above this mark with a probability of 68%) 107.75 Short position 2 (The price today will not rise above this mark with a probability of 95%) 108.05 Short position 3 (The price today will not rise above this mark with a probability of 99%) 108.35 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.
by Trade24Fx
EURUSD 4H PIN BAR SHORT TRADE STRATEGYBasic Guidelines: Timeframe – ANY Market – ANY Indicators – NONE OTHER – Trend lines, horizontal lines, support resistance lines (anything to help you find these areas). Step 1: Find a Pin Bar On Your Chart. *Note This is a stock price action strategy, and a forex price action strategy. I will use a currency pair as an example. Price action charts are with any market and timeframe. First, identify a pin bar that has formed. In the example, this is considered a bearish pin bar because of the long wick above the body. As you can see, the pin bar “wick” is above the body, which is considered a bearish pin bar. In this case, we are looking for a downtrend bounce of the top of the range. This is a 4 hour time chart EURUSD currency pair. You can see the Bears tried their hardest to stop this uptrend from occurring. The Bears were too strong, which is why you see the pin bar form. This is a perfect example of a pin bar price action reversal setup. Step 2: Look for Past Price Action to Determine Why The Pin Bar Formed. Why did the reversal suddenly hit a price, and then continue to the downside? We can see price has been in a range pattern for quite some time. Note** you can either look at the current time frame you are on, in this case, a 4-hour time period. Or you can bump up or down one or two periods to gather information. Resistance in the past can mean support in the future. What happened is the price hit this level but failed to break through it. Since the long bullish wick formed, we decide it is time to enter this trade based on what we learned from the prior days. This is what Price Action is all about. No two trades are the same. However, we can take what we’ve learned from the past. Then make the best judgment as to where the price is going in the future. You are essentially like a detective when you trade price action. The point is to gather many pieces of evidence to back up your conclusion. You are trading with confluence. Sometimes simple is best. Study the charts and form an educated conclusion as to where the price will go. Step 3: Trade entry You just enter the trade 2-3 pips from the break of the nose of the pin bar. Step 4: Stop loss Place the stop loss 3-5 pips away from the wick. The end of the wick will be a support area. So if this is broken the trend may continue downward. Which is why you place your stop 3-5 pips away from this. Step 5: Exit Strategy Your exit strategy is when you hit the first level of support or resistance on your chart. As you can see, the price hit a point then stalled out. Once we see the price action stalling out, we exit the trade immediately. Conclusion – Price Action Pin Bar Strategy Price action is another fundamental element to learn when trading the market. There are thousands of strategies you can use with price action. It is important to find something that works for you. These pin bars are hard to miss. They are relatively accurate when you learn why a pin bar formed. Pin bar candles are shown in any time frame. The rule of thumb is, the higher the time frame, the stronger the signals. But that does not mean that this will not work on a five-minute time frame. Do not trade every pin bar you see that forms. Gather up key information from the charts. Then form the best conclusion to determine if you should enter the trade based on the rules.
Education
by Tradingstrategyguides
5
CRUDE OIL 1D BEAR FLAG SHORT TRADEBear Flags are a Range pattern and they are a repeatable trading chart pattern. Bear Flag chart pattern 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 the 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.
NYMEX:CL1!Short
by Tradingstrategyguides
1
AUDNZD - range tradeToday is peaceful day due to holidays in some countries and hence closed markets. But we can prepare for next days. Looking at AN chart, we can see daily trading range of 160 pips with MACD divergence. From the news side, there will be RBNZ Financial Stability Report tomorrow evening (23:00 CEST) and quarterly Private Capital Expenditure for AUD on Thursday at 3:00 (also CEST time). Taking all this this into account, on Wednesday morning we should be clear on direction for this pair. I marked potential zones for shorts and longs - depends which will come first and how it will behave there. Anyway, there are high RR opportunities for both sides. Let's give it some time and act appropriately when it will be ripe. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
by rludvik
2
PREPARE FOR BREAK OF HISTORICAL LINE - APPLE - AAPL - 30MNThanks for your likes and shares! Much appreciated! _______________________________________________ The price of AAPL has moved back to its wide historical range. Those 2 lines, support and resistance, are very important and strong. There is a strong probability to see the market testing a break of those. If the market breaks the support go short. If the market breaks the resistance go long. See the related ideas to understand where are at.
NASDAQ:AAPL
by Diallo_Charts_Ideas
MCDONALD'S 1D RANGE TRADES Ranges 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.
NYSE:MCD
by Tradingstrategyguides
Signs Of A CONFUSED MarketHi @FollowMyForex traders, Earlier this week I was reading about how managers at some hedge funds were removing their money from the markets because they just didn't know how to read the markets right now. It said, "even the big boys are getting slaughtered". Currently, we are experiencing a confused market if there ever was one. Just take a look at the current H1 move on the USDJPY . A 60 pip drop followed by a 60 pip rise isn't any way you'd see the market move in recent history. We've been seeing this up-down whipsawing the whole week. Some big traders have been taking shots this month like never before in their careers. I even know of two who have reached their maximum drawdown and is going to take a break from trading for 7 days now. Ouch! It's in times like these that the most important aspect of trading becomes clear again - risk management. It's easy to forget about it when it's raining pips like during the period from the end of February until end of April, but it's a bad habit to get into, whether it's going good or not. Why? Because you never know when an unpredictable change in the fundamental way the market is trading is going to happen and hit your account hard. If you got out of trades when you saw markets were behaving erratically - good for you. If you maintained strict management and never risked more than you should to recover from a loss - good for you. If you are ending the week anywhere between profitable and 1% - 2% down - GOOD FOR YOU. You were practising diligent money management. Thanks to everyone who traded with us this week and congrats on the winning trades! Trade safe and have a great weekend. ♦ P.S. Dear reader, if you liked this post, I would greatly appreciate a thumbs up! And if you want more commentaries like this, trade ideas and signals, remember to follow me. Thanks!
by FollowMyForex
3
EUR-USDEUR/USD has broken out of the range that is used to trade in it since March. It looks like its finding acceptance above the previous resistance zone (1.09 ish). which provides us a good risk to reward trade setup. a pullback to the support level can be a good long trade to the next resistant zone around (1.1 ish) you can manage your risk an average true range below the support level (40-50 pips below the support) and take profit at the equilibrium of the range (mid-range around 1.105) and take the rest of the trade off at the next resistant zone (1.11). It can provide a 1/3 risk to reward ratio.
Long
by Trader_Shayan
2
CADJPY 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
2
Straits Times Index (STI) Analysis 26 May 2020; Staying NeutralCurrently staying neutral for STI. It is trading below the range EQ of 2689.97 and has not been able to reclaim this. This is bearish, which means every bounce should be shorted. However, it is trading above the Order Block (OB) EQ of 2517.52 – hanging by a thread. This is the critical point to look at: whether we reclaim this or lose this at monthly close. When monthly closes in the next few days it will give us a clearer picture. There are 4 scenarios we need to contemplate: 1) (High Probability) Lose OB EQ of 2517.52 -> potential swing short. Take Profit (TP) 1 targeting the EQ of the OB below us at 2318.17. 2) (High Probability) Reclaim OB EQ of 2517.52 -> potential scalp long. Take Profit (TP) targeting the range EQ at 2689.97. Do not stay in this trade for too long. 1) Market structure has broken down on the high time-frame, 2) we are trading below range EQ, so this is a counter-trend move. Hop out of the trade if it is getting uncomfortable; don’t be too fixated on hitting the TP. 3) (Low Probability) Monthly close reclaims range EQ of 2689.97 -> Swing long position. TP1 targeting the EQ of the OB above range EQ at 2919.34. 4) (Very, very Low Probability) Monthly close sweeps range low of 1473.77. This is definitely a long term swing long. Doubt it will happen in the near future.
TVC:STI
by Rilakkuma-San
1