Range trading: Forex as for 23/09/2020

23 בספט׳ 2020

Under that heading 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%) 1.1629
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.1598
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.1568

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1756
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1787
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1818

GBPUSD



Long position 1 [/b
(The price today will not fall below this mark with a probability of 68%) 1.2619
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.2573
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.2528

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2845
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2890
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2936

USDJPY



Long position 1
(The price today will not fall below this mark with a probability of 68%) 104.61
Long position 2
(The price today will not fall below this mark with a probability of 95%) 104.27
Long position 3
(The price today will not fall below this mark with a probability of 99%) 103.95

Short position 1
(The price today will not rise above this mark with a probability of 68%) 105.43
Short position 2
(The price today will not rise above this mark with a probability of 95%) 105.77
Short position 3
(The price today will not rise above this mark with a probability of 99%) 106.09

Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.