Range trading: Forex as for 02/07/2020
Under 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
1.1187
Long position 2
1.1158
Long position 3
1.1130
Short position 1
1.1327
Short position 2
1.1356
Short position 3
1.1384
GBPUSD
Long position 1 [/b
(The price today will not fall below this mark with a probability of 68%) 1.2377
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.2343
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.2309
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2577
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2612
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2646
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 106.95
Long position 2
(The price today will not fall below this mark with a probability of 95%) 106.64
Long position 3
(The price today will not fall below this mark with a probability of 99%) 106.34
Short position 1
(The price today will not rise above this mark with a probability of 68%) 107.95
Short position 2
(The price today will not rise above this mark with a probability of 95%) 108.25
Short position 3
(The price today will not rise above this mark with a probability of 99%) 108.55
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.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
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