Range-bound markets exist when the price action of an underlying asset hobbles in between a price spectrum; there is an upper limit of price and a lower limit of price. These limits define the price range of an underlying asset. This condition usually occurs when there is a lack of direction in the market; usually most traders are on the sidelines waiting for a major news event to give them a direction in which to trade in. If you trade the range-bound markets, you can actually make money by selling at the upper limit and buying at the lower limit of the price range. If you use a 1 hour chart for this, you will get many trade opportunities. Usually such entries must be supported by a momentum indicator that indicates oversold and overbought situations, such as the Stochastics oscillator. See the chart below for examples.
This is a Step-by-Step forex Day Trading Strategy Guide to making $100 to $200 per Day.It is a short (19 pages) practical book that gets straight to the point.
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• No Bollinger Bands
• No Stochastic
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File Size: 926 KB
Print Length: 29 pages
Language: English
Best prices : $0.99
ASIN: B008RERRY8
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