For Long
Identify a currency pair where the daily range has been contained within the prior day's range for at least two days .
Buy 10 pips above the high of the previous inside day . Place a stop and reverse order for two lots at least 10pips below the low of the nearest inside day . Take profit when prices reach double the amount risked or begin to trail the stop at that level .
For Short
Vice versa
Identify a currency pair where the daily range has been contained within the prior day's range for at least two days .
Buy 10 pips above the high of the previous inside day . Place a stop and reverse order for two lots at least 10pips below the low of the nearest inside day . Take profit when prices reach double the amount risked or begin to trail the stop at that level .
For Short
Vice versa