Range trading: Forex as for 16/11/2018Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability.
EURUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1268
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1243
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1218
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1397
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1422
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1446
GBPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.2664
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.2598
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.2533
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2893
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2958
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3024
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 113.05
Long position 2
(The price today will not fall below this mark with a probability 95%) 112.84
Long position 3
(The price today will not fall below this mark with a probability 99%) 112.63
Short position 1
(The price today will not rise above this mark with a probability of 68%) 113.92
Short position 2
(The price today will not rise above this mark with a probability of 95%) 114.12
Short position 3
(The price today will not rise above this mark with a probability of 99%) 114.33
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.
