Hi guys,
I know there are many ways to determine flat/ranging market. Let's share them all here. I've found one interesting post made by Igorad on other forum.
Regards,
I know there are many ways to determine flat/ranging market. Let's share them all here. I've found one interesting post made by Igorad on other forum.
A litlle trick that could help you with your problem:
the average daily range over the last 5 days on eur/usd 90, on usd/chf 98 and on gbp/usd 128.
the average daily range over the last 20 days on eur/usd 115, usd/chf 128 and on gbp/usd 173. So that makes that the average daily range on the short term, is nearly 1/3 less.
Stand on the sideline till you see that the average daily range over the last 3 days is bigger then the average daily range over the last 20 days.
You wan't die of not trading for a few days. You will think that you will not make any money, but you deffently will not lose any money (wich is more lickely in narrow ranges).
It takes also discipline NOT to trade.
regards...iGoR
the average daily range over the last 5 days on eur/usd 90, on usd/chf 98 and on gbp/usd 128.
the average daily range over the last 20 days on eur/usd 115, usd/chf 128 and on gbp/usd 173. So that makes that the average daily range on the short term, is nearly 1/3 less.
Stand on the sideline till you see that the average daily range over the last 3 days is bigger then the average daily range over the last 20 days.
You wan't die of not trading for a few days. You will think that you will not make any money, but you deffently will not lose any money (wich is more lickely in narrow ranges).
It takes also discipline NOT to trade.
regards...iGoR
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