Range trading strategy.

[portal]

your tittle range trading strategy but your open position using ADX..
can you tell me what you mean with range?
as i know range is distance betweh highes and lowest price but you write nothing about it and your strategy only use ADX for open position...

[kingshani]

thanks brother for giving us great information because we are beginners and we want such king of information and that i have fond on this forum

[yousufbd]

I think A strategy that involves buying as price moves to lower support levls,and selling as price moves to upper
resistance levels.

[hashaam]

i don't have any acquaintance with you say what are you mean yet i supposing you are say we have to exchange range, so its correct say assuming that we are can't exchange our extent then we are capable take loses. anyway you are say Range exchanging procedure yet you are can't demonstrate more portions so how to say about your say.

[kouki000]

I think that each person must follow different strategies from each other is a good way to profit

[seribudollar]

Market ranges occur when a currency pair lacks a specific directional trend. Instead of being deterred by sideways pricing, traders should take advantage of the clear defined trading levels to place new entry orders. Today we will review a basic range trading strategy using easily definable pricing levels and profit targets.

The first step to finding a range is to identify support and resistance on your chart. These pricing levels can be found by connecting a series of recent of market highs and lows using horizontal lines. Resistance is the current ceiling on price and can be seen on the GBPUSD chart below near 1.5600. Support is the current markets pricing floor which stands at 1.5500, creating a 100 pip trading range on the pair. These points will be the basis for our strategy, and should be clearly marked on our chart before moving further.

Next, once support and resistance have been updated and a trading range identified, we can begin to prepare our trading strategy. Since price is moving sideways between pricing levels, traders may look to take a non-bias market approach and either buy or sell the market without having a preference to a specific order type. The key is to wait till the market reaches support or resistance before trading.

With price trading in the center of our range, it is best to wait for a better price before trading. If price moves to resistance at 1.5600 traders will look to sell the market. If prices trade to 1.500 first, traders will want to buy the GBPUSD. Both of these orders can be placed simultaneously through the creation of an OCO (One Cancels the Other) order. That way we will be prepared to buy or sell regardless of the direction of the market. In the event our sell order is activated, our OCO will eliminate or buy order; with the opposite holding true in the event our buy entry is activated at support.

Lastly, it is important to remember that eventually price will break through our marked levels of support and resistance. For this reason range traders should always keep stops in place on their positions. In the example above, stops have been placed 25 pips away from our entries and represents a value that is equal to a quarter of the value of our range. If profit targets are set 100 pips away at the alternate level of support or resistance, this would create a Risk:Reward profile of 1 to 4 on the trade.

Very detailed explanation comrade once .. may be useful

[anko]

Market ranges occur when a currency pair lacks a specific directional trend. Instead of being deterred by sideways pricing, traders should take advantage of the clear defined trading levels to place new entry orders. Today we will review a basic range trading strategy using easily definable pricing levels and profit targets.

The first step to finding a range is to identify support and resistance on your chart. These pricing levels can be found by connecting a series of recent of market highs and lows using horizontal lines. Resistance is the current ceiling on price and can be seen on the GBPUSD chart below near 1.5600. Support is the current markets pricing floor which stands at 1.5500, creating a 100 pip trading range on the pair. These points will be the basis for our strategy, and should be clearly marked on our chart before moving further.

Next, once support and resistance have been updated and a trading range identified, we can begin to prepare our trading strategy. Since price is moving sideways between pricing levels, traders may look to take a non-bias market approach and either buy or sell the market without having a preference to a specific order type. The key is to wait till the market reaches support or resistance before trading.

With price trading in the center of our range, it is best to wait for a better price before trading. If price moves to resistance at 1.5600 traders will look to sell the market. If prices trade to 1.500 first, traders will want to buy the GBPUSD. Both of these orders can be placed simultaneously through the creation of an OCO (One Cancels the Other) order. That way we will be prepared to buy or sell regardless of the direction of the market. In the event our sell order is activated, our OCO will eliminate or buy order; with the opposite holding true in the event our buy entry is activated at support.

Lastly, it is important to remember that eventually price will break through our marked levels of support and resistance. For this reason range traders should always keep stops in place on their positions. In the example above, stops have been placed 25 pips away from our entries and represents a value that is equal to a quarter of the value of our range. If profit targets are set 100 pips away at the alternate level of support or resistance, this would create a Risk:Reward profile of 1 to 4 on the trade.

[seribudollar]

This is a range trading strategy. Can be used on any time frame and any pair.

For this strategy, you will need the ADX with default setting and CCI with a 13 setting indicator.

Strategy:

1. We will look for pairs with an ADX below 25.
2. For BUY signal, I�m looking for a cross up and over -100
3. For SELL signal, I�m looking for a cross down and through +100

As with any strategy, please backtest before trading.

Happy trading!

Tips trading yang bagus gan,, tapi bisakah agan sertakan SS nya juga..demi kemudahan kita untuk mempelajarinya? Salam Trading....

Good trading tips bro,, but can you also include her SS .. for ease us to learn?

---------- Post added at 10:41 AM ---------- Previous post was at 10:39 AM ----------

thanks for sharing this strategy of yours but i want to know how long have you used the strategy and can you show us the result so that newbies like us do not jump into it and burn our fingers.

Yes very true friend, can you show proof of a screenshot so that we are easy to understand. Thank you.

[fxghost]

range market mein har ek indicator fail ho jate hain aur market range hai ya fir nahi ye jaan paana bhi kafi mushkil ho jata hain dost isliye indicator se trading karne mein risk to jayda rahta hain lekin profits bhi ache milte hain

[nkem]

thanks for sharing this strategy of yours but i want to know how long have you used the strategy and can you show us the result so that newbies like us do not jump into it and burn our fingers.