Quick links of this thread.
Day Trading Half an hour Breakout Trades
Two important Candlesticks to trade Ranges
Gimmy Bar
Breakout Trades
Trading the Ranges- Concept
Range Calculator in EXCEL format
Successful Trader's Mindset
Day Trading Half an hour Breakout Trades
Two important Candlesticks to trade Ranges
Gimmy Bar
Breakout Trades
Trading the Ranges- Concept
Range Calculator in EXCEL format
Successful Trader's Mindset
Hi to all,
Its often said that the markets trade in ranges for a longer time and as a trader or investor its opt to learn to trade these ranges.
We have MA crossover to be precise to get into trending markets. Also, a visual screening of a chart throws some light to pin point a trend. There are numerous strategies to trade trending markets such as breakouts, NR7 setups, multiple MA crossovers,Turtle Trading, trendlines etc. As already said, these are all helpful when the markets are trending. Trending markets are rare.
When the markets are in range, what are the possible strategies to deploy.
Are there ways to trade with higher probabilities to trade ranges.
A close watch on the chart will enable us to trade ranges. This is the crux of this thread is to discuss various high probability strategies to trade ranges.
If the sideways price action has lasted for about 10 bars, then a trader has to be particularly careful because the bulls and bears are in very tight balance.
Trading breakouts in this situation can be costly since every brief up move is sold aggressively by the bears, and the new bulls are quick to exit. Likewise, every sharp move down is quickly reversed.
There should be ways to trade this type of market profitably.
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