#3 Range-bound trading (34 EMA + 5 EMA)
Submitted by Edward Revy on December 17, 2009 - 17:56.
Many systems start with words: "I’ve been observing charts for a while, and suddenly an idea popped up in my head". Same was with this one for me. I’ve been looking at charts, in particular at moving averages, and came up with a trading plan to foresee upcoming ranging markets.
This is the earliest detection of a ranging market known to me, and I’d like to share it with you today.
Trading rules:
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Hi Ivan,
Happy and prosperous Holidays to you too!
Edward
hi Edward
Happy Holidays
ivan
Hi Nasri,
It works on all time frames without exception.
Happy holidays!
Edward
Hi Edward,
Thanks for the valuable info. Does it work on 4 Hour and 1 Hour timeframes as well ? I am trying a strategy using 4H and 1H TFs as the main trend direction.
Happy Holidays,
Nasri
Great series of articles on how to detect a ranging market! This has been an area where I have had a problem in my trading before. This should help!
Ken,
The Cat Preacher
thanks. great strategy.
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