Range-bound Trading
I ave noticed that range-bound trading can bring good profits once trader makes himself familier with it. Because price usually moves within the given range and thus enables range-bound traders to win more than one trades and loose just 1 trade when price breaks out.
Originally posted by SashaI ave noticed that range-bound trading can bring good profits once trader makes himself familier with it. Because price usually moves within the given range and thus enables range-bound traders to win more than one trades and loose just 1 trade when price breaks out.
Ideally will lose just one trade, but when there is volitality a trader can still lose trades when the new trend has not yet settled.. Always apply S/L and T/P without falling to greed!
Yes. It is important to put SL and TP levels to minimize risk. Even in range-bound trading, there is always a risk of breakout so you can put ur SL and TP a few pips out of the range or wherever u feel better. It is all about practice and experience.
Stick to your rules