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Trade24Fx
Jul 16, 2018 8:50 AM

Range trading: Forex as for 07/16/2018 

Euro Fx/U.S. DollarFXCM

Description

Here 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 certain probability.

EURUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1617
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1587
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1558

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1750
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1779
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1809

GBPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.3152
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.3115
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.3078

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3317
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3354
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3391

USDJPY

Long position 1
(The price today will not fall below this mark with a probability of 68%) 111.93
Long position 2
(The price today will not fall below this mark with a probability 95%) 111.68
Long position 3
(The price today will not fall below this mark with a probability 99%) 111.43

Short position 1
(The price today will not rise above this mark with a probability of 68%) 112.82
Short position 2
(The price today will not rise above this mark with a probability of 95%) 113.08
Short position 3
(The price today will not rise above this mark with a probability of 99%) 113.33

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.




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