Trading Consolidating markets strategy

[Wealthytrader]

Hi -

I have a strategy for trending markets which is working OK but cannot find a clear system for trading choppy market conditions, which is the case with most pairs at this time.

The system can be based on Fibonacci/Price Action/Technicals (MACD, Stoch) as long as there is a greater chance of winning than losing, with as minimum a drawdown as possible.

Here is an example - any advice on entries?

Cheers

[GRIX_FX]

@Wealthytrader

Hi -

I have a strategy for trending markets which is working OK but cannot find a clear system for trading choppy market conditions, which is the case with most pairs at this time.

The system can be based on Fibonacci/Price Action/Technicals (MACD, Stoch) as long as there is a greater chance of winning than losing, with as minimum a drawdown as possible.

Here is an example - any advice on entries?

Cheers

Combining support and resistance zones and intraday pivots andreversal candles is an ideal way of approaching range markets.

In this chart, we can see that the EU has been consolidating on a narrow 60 pip range. In such an event, one would be confined to lower TF, where intraday pivot points would be clearer and reversal candles/ bars off either of the two barriers.
Get it?
Le me know

[perryfx]

@GRIX_FX

Combining support and resistance zones and intraday pivots andreversal candles is an ideal way of approaching range markets.


In this chart, we can see that the EU has been consolidating on a narrow 60 pip range. In such an event, one would be confined to lower TF, where intraday pivot points would be clearer and reversal candles/ bars off either of the two barriers.
Get it?
Le me know

Agree with Grix. We can earn some good profits in a ranging market by following support and resistance levels.

[fartist]

You may want to check out this article on how to trade a range bound market

Forex Trading Strategy: Trading a range bound market | Trading With Rayner

Hope it helps!