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Trade24Fx
Oct 14, 2021 8:53 AM

Range trading: Forex as of 14/10/2021 

U.S. Dollar/Japanese YenFXCM

Description

Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.

EURUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.1554
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.1535
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1515


Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1634
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.1654
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.1673


GBPUSD



Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.3588
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3550
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.3512

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.3737
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.3775
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.3813

USDJPY



Long position 1
(the price today will not fall below this mark with a probability of 68%) 112.95
Long position 2
(the price today will not fall below this mark with a probability of 95%) 112.75
Long position 3
(the price today will not fall below this mark with a probability of 99%) 112.55

Short position 1
(the price today will not rise above this mark with a probability of 68%) 113.85
Short position 2
(the price today will not rise above this mark with a probability of 95%) 114.05
Short position 3
(the price today will not rise above this mark with a probability of 99%) 114.26


Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
Comments
kimozelghonemy
Can you please explain what the red circle means and the blue ones
Trade24Fx
@kimozelghonemy, reversal and breakthrough points
kimozelghonemy
@Trade24Fx, great .. thanks
FXKillA
Nice clean chart 👍🏼😎👍🏼
Trade24Fx
@FXKillA, thank you!
marceding99
Comme d'hab très explicite et simple a comprendre good
ForexTrendline
well done!
ADE_roju
Yeap
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