Ranging Vs. Trending - page 3
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Tma slope
HELLO MLADEN, THANK YOU for your prompt and sound response,you have saved us a lot of experimental troubles.
Does anyone use 2 trading systems, one for when a market is ranging and one for when the market is trending?
Also, when do you know or how do you evaluate when to switch from one system to the next?
Since most of the time the markets range, I'm trying to learn how and when to go from one to the other.
Any help or insight, would be much appreciated.
Thanks....Yes, I like to trade both inrangingand trendingmarket condition. In ranging condition at first I detect the two level within which price is up and down. As my broker offer .5 pip spread only for EUR/USD I can easy make 8-10 pips /order in ranging condition.
Also in trending condition I always looking for reversal or break down of support or resistance to make order. I that case I usually place pending order to follow trend.
Read the article to have clear concept on What shapes the market trends.
I think we tend to think in ranging situation , that could be a big NO NO in forex