Range trading: Forex as for 21/05/2020

2020年5月22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%) 1.0877
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.0851
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.0826

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1004
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1029
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1055

GBPUSD



Long position 1 [/b
(The price today will not fall below this mark with a probability of 68%) 1.2125
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.2084
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.2043

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2314
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2355
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2396

USDJPY



Long position 1
(The price today will not fall below this mark with a probability of 68%) 107.14
Long position 2
(The price today will not fall below this mark with a probability of 95%) 106.91
Long position 3
(The price today will not fall below this mark with a probability of 99%) 106.68

Short position 1
(The price today will not rise above this mark with a probability of 68%) 108.06
Short position 2
(The price today will not rise above this mark with a probability of 95%) 108.28
Short position 3
(The price today will not rise above this mark with a probability of 99%) 108.51

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.