Range Trading
a thread 🧵
a thread 🧵
in this thread, I will cover the following:
- Identifying the start of a range
- anticipating range fakeouts
- anticipating range breakouts
- range rotations
- Identifying the start of a range
- anticipating range fakeouts
- anticipating range breakouts
- range rotations
identifying the start of a range
ranging price action stems after a trending move (typically high volatility)
price trending in 1 direction, followed by a series of sideways candles
those initial sideways candles are where you have the start for a potential range 👇
ranging price action stems after a trending move (typically high volatility)
price trending in 1 direction, followed by a series of sideways candles
those initial sideways candles are where you have the start for a potential range 👇
identifying the start of a range (2)
those initial sideways candles is where you want to be taking your fixed range pull from.
all price action after that can be classified as within your new range.
those initial sideways candles is where you want to be taking your fixed range pull from.
all price action after that can be classified as within your new range.
anticipating range fakeouts
using Exocharts dynamic profile tool
within a range you can decipher which side the majority are positioned
in a range, if I can see a lot of new longs opening, it opens up the opportunity for a fakeout to the downside before moving up
using Exocharts dynamic profile tool
within a range you can decipher which side the majority are positioned
in a range, if I can see a lot of new longs opening, it opens up the opportunity for a fakeout to the downside before moving up
anticipating range fakeouts (2)
note - there are some nuances as to where to take this data pull from, as you want there to be only traders who have not been wiped out within your dynamic profile pull
example - you may need to take pulls from after internal range wipeouts
note - there are some nuances as to where to take this data pull from, as you want there to be only traders who have not been wiped out within your dynamic profile pull
example - you may need to take pulls from after internal range wipeouts
range rotations
trading with ONSIDE traders
new longs or shorts pushing price back into value is a great use for invalidation
new longs pushing price back above VAL can be a good long trade where invalidation is below where those new longs entered from
trading with ONSIDE traders
new longs or shorts pushing price back into value is a great use for invalidation
new longs pushing price back above VAL can be a good long trade where invalidation is below where those new longs entered from
hope you found this valuable
likes and reposts are much appreciated
let me know below what you would like to see next 👇
likes and reposts are much appreciated
let me know below what you would like to see next 👇
جاري تحميل الاقتراحات...