Range expansion

[Steven Hartwell]

What are some quick tips to identify a range bound market??? Or a choppy market??? Is there a certain number of range that is considered a tight range??? For example if euro dollar is only in a 100 pip range for the london session is 100 pips considered a tight range???? What number is considered a tight range???

 

[dkami]

Hi
i have some info on range trades you may find very helpfull and will answer most of your ? i will be happy to send it to you if you give me your e-mail address

 

[Steven Hartwell]

Hi
i have some info on range trades you may find very helpfull and will answer most of your ? i will be happy to send it to you if you give me your e-mail address

hartwellsteven@yahoo.com

 

[dkami]

pics are on there way

 

[dkami]

having trouble sending e-mails ill get it to you soon:err:

 

[Forexwatchman]

What are some quick tips to identify a range bound market??? Or a choppy market??? Is there a certain number of range that is considered a tight range??? For example if euro dollar is only in a 100 pip range for the london session is 100 pips considered a tight range???? What number is considered a tight range???

Quick tips for identifying a range:

1) time of day since off-market hours (NY close and Asian open) typically range

2) economic data and news reports usually drives price action the most and is the main cause for a trend's beginning, reversal, or continuation, so on days that there's not a lot of stuff going on fundamentally, you can expect a ranging market

3) Use lower time frames (I prefer the 5 minute) for establishing the range's support and resistance levels. Look for swing points (highs/lows with long candlestick wicks).

As far as defining a range as 'tight' or not, I don't see how that matters. What matters is identifying that the market is ranging and what levels to enter so that you don't get 'chopped up' in the middle. I would label anything below 100 pips as a tight range though. When you zoom out to the higher time frames you'll discover much bigger ranges (500 pips and up) so again it's all relative in this profession.

 

[dkami]

Hi steve hope you have looked at the info i sent you 3 good range trades coming up AUD/USD,AUD/JPY,USD/JPY all on the 1hour chart

Regards dkami