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Rangetrading

gold is in a rangelast Daily LH around 1217 Ranges can be lucrative, as they offer trades with relatively low risk compared to the potential reward if the range continues. They look simple, but can be tough to trade in real-time. View support and resistance as price areas, not specific prices, because rarely will price stop and reverse at the exact same level(s) as before. An increase in volume should typically accompany a breakout, so if volume remains subdued while the price is in a support or resistance area there is a greater likelihood the range will hold. Price reversals near support or resistance help highlight that the range will continue. Stops can be placed just outside these reversal points to control risk, with targets near the other side of the channel. Only risk a small percentage of the trading account on any one trade, that way a single loss doesn't significantly draw down your capital.
FX_IDC:XAUUSD
by jarttu
BTC UPDATE - What's going on in that range ? Quick update from my previous chart that you can see on my chanel - As long as the red area resistence and the small double top you can see in a M15 hold, we may have done for the upward move for today and see the red line happen, bull have to hold, bear have to break through 6k1 Otherwise, if bull manage to break that chanel and the small double top, it could be a big triangle as you can see on the chart Wait n see for now until we got more clear decision It's most likely a range so 50/50, everything can happen
BITFINEX:BTCUSD
by Kyushu