Range trading: Forex as of 11/11/2021

11 thg 11, 2021

Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.

EURUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.1427
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3942
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.1632


Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.1525
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.1558
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.1591


GBPUSD

Long position 1
(the price today will not fall below this mark with a probability of 68%) 1.3324
Long position 2
(the price today will not fall below this mark with a probability of 95%) 1.3280
Long position 3
(the price today will not fall below this mark with a probability of 99%) 1.3235

Short position 1
(the price today will not rise above this mark with a probability of 68%) 1.3489
Short position 2
(the price today will not rise above this mark with a probability of 95%) 1.3533
Short position 3
(the price today will not rise above this mark with a probability of 99%) 1.3577

USDJPY

Long position 1
(the price today will not fall below this mark with a probability of 68%) 113.49
Long position 2
(the price today will not fall below this mark with a probability of 95%) 113.30
Long position 3
(the price today will not fall below this mark with a probability of 99%) 113.11

Short position 1
(the price today will not rise above this mark with a probability of 68%) 114.48
Short position 2
(the price today will not rise above this mark with a probability of 95%) 114.67
Short position 3
(the price today will not rise above this mark with a probability of 99%) 114.86


Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.