Time range is a concept to get the price when market should move very slow. Traders want to find trade in the finest moment and exit the market as quick as possible.
Time range will define the consolidation period. After the end of time range market should start rally to its trend's direction.
To define time range, On the chart we draw a white line. All the time range is one, and based on you trading set up you make an optimal entry to get maximum profit.
In the shorter time frame, time range plays a great role. Trade depends on equity and volatility. Nobody takes risk in the silent storm. When the train comes a great trading set up appears. Time range is the key to entry and exit. The position of previous time range depicts as next one.
In the next part, the discussion will be on why the time range is so consistent on the the trading session and how the market will define the next time range position.
Time range will define the consolidation period. After the end of time range market should start rally to its trend's direction.
To define time range, On the chart we draw a white line. All the time range is one, and based on you trading set up you make an optimal entry to get maximum profit.
In the shorter time frame, time range plays a great role. Trade depends on equity and volatility. Nobody takes risk in the silent storm. When the train comes a great trading set up appears. Time range is the key to entry and exit. The position of previous time range depicts as next one.
In the next part, the discussion will be on why the time range is so consistent on the the trading session and how the market will define the next time range position.