Range Trading.

Range trading includes trading a market that is combining between evident support and resistance levels. By looking for trading sign close to the support and resistance limits of the trading range, traders have a high-likelihood section situation with clear risk and reward arrangement.

I am only interested on horizontal rage based trading; because others ranges are too complicated to play! On the other hand, trendy market is my 1st choice!

There are a lot of ranges on many fx pairs now. Good time to be a range trader

PitCarry posted:
There are a lot of ranges on many fx pairs now. Good time to be a range trader

Yes, but all rangers are not playable! I guess trend-based and horizontal ranges are providing best entry points; without any hesitating.

I can even tell you that is probably the first time in my life I am really hearing about something like that for example. Like you listed I mean, no matter how you put it, it should be really really good. Are you with me here ? It's probably cause I am newbie still.

LiveForexPro posted:
this looks like a horizontal range and trend trading

Horizontal ranges are really awesome since; the SL & TP levels are very clear! I always take the opportunities of this kind of range!

Yes; this type of range is very much attractive; but this type of trading setups are very rare I means; clear SL & TP level!

AmDiab posted:

LiveForexPro posted:
this looks like a horizontal range and trend trading

Horizontal ranges are really awesome since; the SL & TP levels are very clear! I always take the opportunities of this kind of range!

Rhetorically, where to look the range at?

Do you regard USDCHF being currently in a horizontal range? Basically, for me it seems that it is in a range in weekly time frame. Same question to @AniLorak.

Range traders are cleaning up at the moment. Price on almost all pairs is just bouncing around with no direction. Easy pickings

cravenprofession posted:
Range traders are cleaning up at the moment. Price on almost all pairs is just bouncing around with no direction. Easy pickings

It might be the FED interest rate decision tonight, and Non-Farm payrolls day coming friday.. All JPY pairs are more or less ranging all the time, and BANG! - a sudden movement.

Asset or currency price sometimes fluctuate within specific limits, which are created by support and resistance level. It is called range market. Range traders use this opportunity to make profit.

This is a traditional system of working in trading and it really remains relevant today. But in order to understand or even better say to feel it well, you need a certain amount of time to practice so that you can identify all the regularities...

Yes, this can definitely be recommended.
Even if you haven't figured out the market well yet, because it will allow you to focus on certain points and not be distracted by any extraneous factors.

A trader should have skills to trade in both range market and trend market. We never know how long a market will be in range. We nned to be skilled so that we can trade all types of market. But in both types of market support and resistance is important.

Michihito posted:
A trader should have skills to trade in both range market and trend market. We never know how long a market will be in range. We need to be skilled so that we can trade all types of market. But in both types of market support and resistance is important.

Yes you are right. We need skills to trade in both types of market. Being good in certain types of market will not give us constant profit. Support and resistance is very important for any type of market. We just need to know how to use them effectively.

Trader’s skills have an important role to play when trading in both the trend market and range market.

The Forex market depends on supply and demand. The range is created when a trend tries to change. The support and resistance of Range Trading are very important. It is possible to trade with confidence in the range. Since the market is volatile, the stop loss has to be a little higher. However, many precautions have to be taken when the market is in range.