#TATip
When scalping ranges, watch for fakeouts/SFPs/stop runs ( to make high probability trades.
Whenever price fakes out of one side of a range, it tends to travel to other side.
The recent $BTC range has served as a stellar example of this.
When scalping ranges, watch for fakeouts/SFPs/stop runs ( to make high probability trades.
Whenever price fakes out of one side of a range, it tends to travel to other side.
The recent $BTC range has served as a stellar example of this.
Another method, albeit a riskier one, is to divide the range into quarters (use the fib tool for this), and then bid the lower quarter and sell the upper quarter.
This is riskier method since now you're preempting the way price responds instead of waiting for confirmation
This is riskier method since now you're preempting the way price responds instead of waiting for confirmation
I'm not a fan of trading ranges, but this range has proved to be exceptionally conducive to scalping.
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