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Trading Ranges

Discussion in 'Forex Trading Systems and Strategies' started by ChrisEccles, May 10, 2009.

  1. ChrisEccles

    ChrisEccles Private, 1st Class

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    This chart was kindly circulated by Kathy from GFT.
    I'm sure she will not object to it becoming more widely seen.
    -
    It helps me to assess and evaluate the likely longevity of a
    trend when I find one.

    [​IMG]

    Aside from big news whips and flooky CB interventions, this
    enables a first-cut estimate of how much further a trend
    might have to run. It's not foolproof but it does tend to give
    you some indication of whether the steam is likely to run out !

    -
    Chris
     
  2. sam111

    sam111 Private, 1st Class

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    Trading range represents a potential repricing of assets and shows the beginning of a trend. It tells us that market auction participants do not perceive the repricing as justified.
     

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