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Rangetrading

Range trading: Forex as for 07/11/2019Under 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%) 1.1032 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.1016 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.1000 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1104 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1119 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1135 GBPUSD Long position 1 [/b (The price today will not fall below this mark with a probability of 68%) 1.2780 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.2708 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.2636 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.2929 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.3002 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.3074 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 108.61 Long position 2 (The price today will not fall below this mark with a probability of 95%) 108.42 Long position 3 (The price today will not fall below this mark with a probability of 99%) 108.23 Short position 1 (The price today will not rise above this mark with a probability of 68%) 109.16 Short position 2 (The price today will not rise above this mark with a probability of 95%) 109.35 Short position 3 (The price today will not rise above this mark with a probability of 99%) 109.54 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
Traps and Liquidity Searches Using Supply And DemandQuestion during my cooking show live stream was how do i determine a trap or a fake out? First of all i think everyone that trades a different methodology determines a fake out in their own way depending on their methodology the retail traders trades. Using the Supply demand methodology i explain how i determine traps. When i pull up a chart and i see an area that most trading methodologies are looking to buy or sell at. i.g., support resistance traders, supply demand traders, breakout traders, range based traders, fake breakout traders and many more different methodologies are looking to buy or sell in a certain area it's a trap. If im going to play the trap i need there to be a supply or demand zone above or below the area where the other retail traders are looking to buy and sell at.
Education
by MoneyballAustin
1D SPDR S&P 500 ETF TRUST Know Sure Thing Indicator StrategyFor traders who prefer simple trading strategies, the KST oscillator should be considered for evaluating: Breakout trading signals. Assessing the strength of a trend. How to use the Know Sure Thing zero line to spot bullish and bearish momentum signals: A buy signal is triggered when the Know Sure Thing crosses above the zero line. If the KST moving averages hold above the zero line, a bullish trend is confirmed. A sell signal is triggered when the Know Sure Thing crosses below the zero line. If the KST moving averages hold below the zero line, a bearish trend is confirmed. Breakouts are usually the primary source for generating momentum bursts. The natural law of price behavior shows that stocks, futures, Forex currencies, commodities and cryptocurrencies move in short-term momentum bursts. Price tends to move back and forth from equilibrium (consolidation) to disequilibrium (expansion).
AMEX:SPYLong
by Tradingstrategyguides
How Much Tighter Can We Get?I think it's better to look at LINK based on ranges rather than trenlines at least for the moment. The trend-lines that I see have a lot of false breaks from them. That's not to say it isn't holding those particular lines. It's just better to rely on these ranges than see it dip 2-3 cents below the line and shrink back up. What I mean by 'ranges' is the area between the constricting horizontal lines I've drawn on the chart. As you can see as time has gone on the price action is continuously constricting to particular ranges and not leaving them. Trend-lines are basically just a way of visualizing this. I certainly feel a break from this constriction is imminent. The question that remains always, up or down? No one knows for certain. Though we can use price action moving outside of these 'ranges' to give us an indication of further movements. Price also tends to move back and forth between the range consolidating before another leg up or down occurs. You can use these moments to time your market orders. You should also keep in mind the levels I'm looking at could be completely wrong in comparison to what the market sees. They could also be perfectly correct. Regardless you need to keep your money safe. Do not solely rely on any given analysis I publish dictate what you choose to do with it. As always I appreciate the time you've spent reading my thoughts! Drop me a like if you found this helpful or interesting.
COINBASE:LINKUSD
by Dtradess
3
Range trading: Forex as for 04/11/2019Under 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%) 1.1126 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.1110 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.1095 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1207 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1223 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.1238 GBPUSD Long position 1 [/b (The price today will not fall below this mark with a probability of 68%) 1.2840 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.2764 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.2687 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.3027 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.3104 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.3180 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 107.77 Long position 2 (The price today will not fall below this mark with a probability of 95%) 107.53 Long position 3 (The price today will not fall below this mark with a probability of 99%) 107.29 Short position 1 (The price today will not rise above this mark with a probability of 68%) 108.66 Short position 2 (The price today will not rise above this mark with a probability of 95%) 108.90 Short position 3 (The price today will not rise above this mark with a probability of 99%) 109.13 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
2
Possible Bullish ContinuationWe are currently in a big range according to the weekly. But thanks to the big boost from news week, we could possibly bust out this week -- as long as we stay bullish. Since we had a big impulse move Friday, we should have some pullback before continuing up. With price beginning at consolidation, we should prepare for a big impulse move again this week too. BULL TPS: Beginning at 1.45975 • 1.46321 • 1.46612 • 1.47072 • 1.47476 • 1.47935 BEAR TPS: Beginning at the current position • 1.46321 • 1.45975 • 1.45608 • 1.45251
Long
by NikaJourney
NZDCHF 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. 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.
by Tradingstrategyguides
Range trading: Crypto currency market as for 30/10/2019Under 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 the certain probability. BTCUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 8879 Long position 2 (The price today will not fall below this mark with a probability of 95%) 8474 Long position 3 (The price today will not fall below this mark with a probability of 99%) 8068 Short position 1 (The price today will not rise above this mark with a probability of 68%) 9768 Short position 2 (The price today will not rise above this mark with a probability of 95%) 10174 Short position 3 (The price today will not rise above this mark with a probability of 99%) 10579 ETHUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 180.52 Long position 2 (The price today will not fall below this mark with a probability of 95%) 173.92 Long position 3 (The price today will not fall below this mark with a probability of 99%) 167.34 Short position 1 (The price today will not rise above this mark with a probability of 68%) 197.32 Short position 2 (The price today will not rise above this mark with a probability of 95%) 203.89 Short position 3 (The price today will not rise above this mark with a probability of 99%) 210.46 XRPUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 0.2898 Long position 2 (The price today will not fall below this mark with a probability of 95%) 0.2806 Long position 3 (The price today will not fall below this mark with a probability of 99%) 0.2714 Short position 1 (The price today will not rise above this mark with a probability of 68%) 0.3172 Short position 2 (The price today will not rise above this mark with a probability of 95%) 0.3264 Short position 3 (The price today will not rise above this mark with a probability of 99%) 0.3356 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.
BITSTAMP:BTCUSD
by Trade24Fx
AMD 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. 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:AMD
by Tradingstrategyguides
BTCUSD 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. 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.
COINBASE:BTCUSD
by Tradingstrategyguides
BTC's Time to Go up? C-Clamp on the 1D chart BTC has been randing between 7800 and 8500 for quite some time since the drop in late September. We see that we had a tweezer bottom and bounced back, but came back to support at 8130. Now it has had a weak bounce but we are seeing a C-Clamp formation and the Kijun Flattening out. Kijun is a magnet to price and so because of this and how far we are on the daily from the Kijun we will see it act as a magnet and pull the price action up. I am targeting: 8750 and 9100 as my TP I will leave 20% just in case we go all the way and tap the kijun which is sitting around 9330. My stop I will start at and use Evolving R around 7860. If you enjoy the charts throw up a like! Check me on twitter for some fundamentals as well - @coachkcrypto Never be too scared to win, only be scared that you didn't try! Coach K
BITMEX:BTCUSD.PLong
by Joel_CoachK
LTCUSD 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. 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.
COINBASE:LTCUSD
by Tradingstrategyguides
GBPAUD 1D BEAR FLAG SHORT TRADEBear Flags are a form of Range patterns which 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.
Short
by Tradingstrategyguides
KOHLS 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. 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.
NYSE:KSS
by Tradingstrategyguides
AMD 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. 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:AMD
by Tradingstrategyguides
2
ETHUSD 4H ASCENDING CHANNEL TRADESChannels & Ranges are repeatable trading chart patterns. Channels & 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 volume settings on the chart – 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.
COINBASE:ETHUSD
by Tradingstrategyguides
BTCUSD 4H RANGE TRADESRanges are a 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 volume settings on the chart – 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.
COINBASE:BTCUSD
by Tradingstrategyguides
3
GBPJPY 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. 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.
by Tradingstrategyguides