Beginner Questions - Range trading

[Stefani21]

Greetings all,

I have just joined, am a complete novice, have been demo-ing for a few weeks and have these questions;

Would love any thoughts;

1) What currency cross pair is best suited to range trading?

2) What charting appliions are ideal for finding support and resistance levels in range trades? I have looked at the Bollinger band bounce, are there any others?

Many thanks,

Green

[Nice01]

I concur with you Mike59
The charts and ATR informs everthing. .

[Aliciusss1]

Range trading is one technique FX traders can use in an effort to meet with with their investment objectives. Some traders use this egy in an attempt to recognize ranges, predict how a currency or currency pair will act, and profit from these expectations. As always, no investment egy is ensured. Particular traders harness ranges to forecast that a currency will remain between particular highs and lows. However, the currency could break out of the range and then return, or it might split and form a new fad.

[M-apk]

There are many pairs which have long spans of range, but I think that EUR/USD is the most apparent example, despite its recent impressive rally.

[Izan]

The rule of thumb of range trading is: buy in the reduced level and sell in the upper amount of range!

[paolayalvaro]

You can use any pair or tool for range trading.

I would not recommend to use any indior, just the chart itself.

Only thing that works in the financial markets is support resistance.

[expsito]

You get range pattern in each one of the trading pairs from major to exotic! I basically, utilize major pairs and that I get so many ranges there because I'm working together with H1 time period! By the way, I'm not interested about range market, I like to trade at the fashionable market!

[Extrem?fila]

seriously?

The pattern:
choose one idiot: faisal13
let him pick out any missing thread, preferable 8-10 years old with no new comments
add some copy paste internet comment by faisal13 ( never has a first term, can google the texts)
have others pile in by deep significance comments, such as buy the bottom sell the cover of the range!

rookie talk! yay!

[M-apk]

Another fantastic pair for range trading seems to be USD/JPY, that has long periods of consolidation, but lately there has been a definite trend for this.

[paolayalvaro]

You still need to set up some type of egy in order to exchange the borders of the range.

How can you tend to exchange those areas?

[Oxrccasss]

Sorry to remark here, can not find anything regarding the Dow Jones. I am fairly new to trading but happen to be making reasonable profits recently. But I am stuck in Dow Jones short trade. Any views on when it's gonna move down?

[paolayalvaro]

1 Attachment(s)
Sorry to remark here, can't find anything regarding the Dow Jones. I'm fairly new to trading but happen to be making reasonable profits lately. But I'm stuck in Dow Jones brief trade. Any perspectives on when it is gonna move down? I was also brief in SP500 but closed it for BE

that I believe that it's difficult to decide now that shorting is the right idea, most odds we can observe higher prices (see attached daily chart with S R degrees)
https://www.cliqforex.com/general-forex-discussion/2800-currency-pairs-affect.html

[anpknittousa]

Just have a look on daily charts, put the ATR and will see that which currency trade in range most of the time.