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Range trading: Forex as for 14/09/2020

Range trading: Forex as for 14/09/2020

Here 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 certain probability.

EURUSD

snapshot

Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1772
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1741
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1711

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1911
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1942
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1972

GBPUSD

snapshot

Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.2698
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.2654
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.2610

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2902
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2946
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2990

USDJPY

snapshot

Long position 1
(The price today will not fall below this mark with a probability of 68%) 105.65
Long position 2
(The price today will not fall below this mark with a probability 95%) 105.29
Long position 3
(The price today will not fall below this mark with a probability 99%) 104.93

Short position 1
(The price today will not rise above this mark with a probability of 68%) 106.53
Short position 2
(The price today will not rise above this mark with a probability of 95%) 106.89
Short position 3
(The price today will not rise above this mark with a probability of 99%) 107.25

Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.




from Trading Ideas https://ift.tt/3kdv7FQ
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