The effective edge: PRICE ACTION + VOLATILITY

Range trading is green today +166usd 2ITM. I reviewed the last 5sessions and found that the volatility at 18:30 GMT (time I used to start) is still high for the EURO and YEN. So I decided to start later today at 19:00GMT. Price was calmer.


I am experimenting range based chart trading with trend. Here are some deeps I’ve taken.



I took them for 5 min expiry.
Edit: I made the video review here https://youtu.be/kJVIg-ZIDYk

I was about to range trade then saw the EURO trending like a pig. I took this one with trend.



It’s 2 range chart not M1!!

News give opportunity!
What’s a trending day. I missed the UK session then when I opened my chart I see that the EURO exploded more than 70pip!! But the UK/EUR news give new opportunities to trend trade.


Review! review. Always review!!
Afternoon session is 2ITM +170$



Nice levels today. No breakout during my 2 hours session.

Nibbling till 20minutes before the close.
Slight ITM on USDJPY, the late session was calm: a single opportunity


Easy UK session today. 3ITM: daily target for trend trading


After a lovely trend trading day. The late US session is a ouch. I give back all the morning profit. 3 straight OTM. EURO and Yen.




There is a general increase in market volatility. Market tends to have some directional strenght in the late US session. The best time for range trading is the complete US close (Nyse close).

I haven’ t have much time to tradethis morning. Here are the 2 positions 5 minutes expiry I’ve taken in a poor ranging price.



They are not ema based. the doted line acted like a pivot

Final range trading. One opportunity GBPUSD. 1 ITM


The morning was boring with useless EU news. I took 1 OTM with the EURO.

The late US range is sweet (it have to be) with clear levels and no difficulties, no stalls. 3ITM 1OTM.


I quickly reviewed my EURO range trading datas and I’ve discovered the EURUSD is the most loosy pair since week 4 of november 2015. It’s hilarious, back in 2014 my W% with the EURO was around 90%. Maybe I am going to pause the EURUSD for ranges.
I’ll link the video review.

CONFIRMATION: The EURO is definitely loosy. I make a pause for him (only range trading). 1OTM range trading and 2ITM 2OTM for the day.


Trend trading:
Today is so far my best day of january, I had the time to trade both UK and US early sessions. 7 winners 2 losers overall. Entries are not ema based, I try to pick pullbacks near minor key levels with the current price momentum. But the ema20 is lovely containing price.


I’ve less time to post trades these 2 weeks. But the routine haven’t changed. I’ve switched to 1 Range chart.
Today’s news trading the US ADP.


Breakout pullback entries.
edit: the session review here https://youtu.be/3wzLwktTcmo . The 1 range chart is extremely quick, it keeps me more focused

I am scalping back forex. Entries are the same: breakout and breakou-pullbacks


it has been a long time since I haven’t posted. I made a short manual in which I explain how I use volatility to My advantage (Uk open, late US etc) . It is downloadable here http://priceactionpost.com/wp-content/uploads/2016/06/Forex-Volatility-Patterns.pdf

I do not trade for a living. I am not a professional trader. I am still learning “how to trade”. July was a significant milestone in my trading journey, I liked this month. It reminds me another month in which I achieved changes in my trading… New post

Late US August 02. That was the first drawdown since June 2016 and since I am applying a snail approach to my trading: taking less than 5 positions A WEEK! The problem with traders is that they always want to see wins or losses (ITMs, OTMs), they can’t sit on their hands.


https://youtu.be/M3JoZVqQ3sM

Easy session yesterday! A clear range was defined in the late US session. I took 2 ITM in the vicinity of the extremities.


[video]https://youtu.be/AuCY-kM7kkA[/video]

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