Traders say the market ranges from 70 to 80% of the time. You think that’s right?
Well I don’t know… what I do know is that we need to adapt to the market condition:
- If the market is range, trade both extremes of the range
- If it’s trending up, look for long opportunities
- Trending down, look for short opportunities
That’s it! How difficult could it be?
Here is the NZDUSD, it is clearly trading in a short term range:
Are you trading this one? Let me know.