Ranging market / use of bands.
by, 12-07-2011 at 08:15 PM (6896 Views)
Hello there !
Just a quick tip for markets quite ranging as now. This is because the eu summit is coming and the market wait for its conclusions.
So just throw on your charts the bands indicator available in this forum.
Then, when volume is low, buy bottom bands and sell upper bands on m5/m15.
When NY opens, generally volume kicks in, bigger moves destroy the bands on small time frames so go to m30 and h1, and do the same
And of course, try to get confluence with harmonic patterns, its even better !
Be safe out there !
EDIT : Just added an example on my last Aussie trade.