Range trading: Forex as for 06/05/2019

2019年5月6日

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%) 1.1147
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.1127
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.1078

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1223
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1243
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1263

GBPUSD



Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.3086
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.3050
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.3015

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3203
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3238
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3274

USDJPY



Long position 1
(The price today will not fall below this mark with a probability of 68%) 110.36
Long position 2
(The price today will not fall below this mark with a probability of 95%) 110.15
Long position 3
(The price today will not fall below this mark with a probability of 99%) 109.94

Short position 1
(The price today will not rise above this mark with a probability of 68%) 110.76
Short position 2
(The price today will not rise above this mark with a probability of 95%) 110.97
Short position 3
(The price today will not rise above this mark with a probability of 99%) 111.18

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.