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Trend and range trading are largely opposite of each other, although they do have certain qualities in common. In this article, we’ll look at range trading and see how this particular trading discipline works – and how you can possibly take advantage of it. When you identify a range, it’s as simple as buying when you believe the pair to be oversold (i.e.
And traders who are aware of the different concepts largely are not aware that you can pull off trend trading and range trading in foreign currency exchange (forex) just as you can stocks. The currency pair then trades within that range, based on the theory that no matter how high or low a currency gets (barring the country imploding and the currency disappearing), its value will eventually correct itself and return to a previous price level. Range traders look for those ranges, or channels, that can help define what the currency is expected to do in the near future.

Trends can be hard to spot, much less follow with confidence, for most traders; ranges, on the other hand, can be easier to trade. Pivot points are connected to price resistance and price support levels and can be calculated for a currency pair given certain pieces of information. There are plenty of online calculators to do the job for you, and most trading software has these features incorporated into them.
Generally speaking, when the market is trending, it typically isn’t trading in a range – and vice-versa.
This fluctuation will not just happen once, but many, many times – and the range trader is positioned to profit as many times as possible.
If you know these boundaries, you can profit by buying at the bottom of the range and waiting until the currency moves up in the range to a higher point.

The standard formula people use to calculate pivot points is to take the average of the high, low, and closing prices of the previous trading day. The pivot point gives you a frame of reference for what the price could do tomorrow; your support levels approximate the rough bottom of your range. You can also wait to buy at the top of a range until the currency retreats in relative value.

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09.04.2014 | Author: admin

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