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How to identify the most Ranging Zones

  • #21
  • Dec 17, 2017 10:39am Dec 17, 2017 10:39am
If you want to find range then look upon different periods graph....once you know whats going on in different time frame you can know about the exact range.
  • #22
  • Dec 17, 2017 12:32pm Dec 17, 2017 12:32pm
I think first of all googling the subject is better approach.
Second check this article.It looks like a simple and effective approach : The ATR measures volatility, while the RSI measures momentum: http://www.tradeciety.com/how-to-use...dicator-guide/ Third you may predict the trend with random forest or one of machine learning classifying algorithm: https://www.mql5.com/en/articles/1165
  • #23
  • Dec 17, 2017 12:32pm Dec 17, 2017 12:32pm
Quoting CindyXXXX
{quote} whats "best range" what do you mean?
___
Should have said...'the best range i can get'
L.L.L.T
  • #24
  • Dec 17, 2017 1:00pm Dec 17, 2017 1:00pm
Quoting KayStreet
Forex is a very complicated cat. Many ways to skin it. ___ My way is to skin it inside the best range. All I need is how to spot it as fast as possible.
I agree.
The problem with the trend and the range periods, we can only realize that happened, after happening.
POW!
  • #25
  • Dec 17, 2017 1:04pm Dec 17, 2017 1:04pm
Quoting KayStreet
{quote} ___ An instrument in a range on as many TFs as possible ensures price won't run away from my trade in an instant. I need a pair to be generally ranging..not on only the current TF. ___ Take a look at EURGBP now. Looking good for safer Overbought/Oversold fades. {image}
A single TF
Attached Image (click to enlarge)
Click to Enlarge Name: eg.PNG Size: 16 KB
POW!
  • #26
  • Dec 17, 2017 1:13pm Dec 17, 2017 1:13pm
1. Establish currency indices based on hourly bars of all USD pairs
2. Pick two currencies with the same channel bias (e.g. regression line) - i.e. both strong, both weak or both flat
3. Enter against direction when reaching daily pivots
Augmenting Intelligence
  • #27
  • Dec 17, 2017 1:33pm Dec 17, 2017 1:33pm
First pair I found just now: USDCHF

1) About the same turning point timing
2) Same direction: strengthening
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 56 KB
Augmenting Intelligence
  • #28
  • Dec 17, 2017 1:48pm Dec 17, 2017 1:48pm
Quoting !iii!
1. Establish currency indices based on hourly bars of all USD pairs 2. Pick two currencies with the same channel bias (e.g. regression line) - i.e. both strong, both weak or both flat 3. Enter against direction when reaching daily pivots
Quoting !iii!
First pair I found just now: USDCHF 1) About the same turning point timing 2) Same direction: strengthening {image}
Again, why complicate.
Why making things more confusing than they are.

All we need is open your eyes.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 26 KB
POW!
  • #29
  • Dec 17, 2017 1:57pm Dec 17, 2017 1:57pm
I recommend doing some reading and research on the work of Wyckoff. He has some good suggestions for recognizing when price is in a range (accumulating or distributing) and when it is moving impulsively (trending). They usually tend to follow one, after the other, and it is this trend move, followed by a range, that forms a market cycle.

As for how long price will remain in a range, and exactly when it will stop ranging and start to breakout, that requires being able to measure the cycle length, or if you can believe Elliott, measure the number of moves within a cycle.

Even a strongly trending instrument, take Bitcoin for example, has definite cycles, and you can see the ranges tend to be at the top and the bottom of the cycle phase changes. In this diagram I've marked the trends in turquoise and the ranges in red. If you put a band/envelope around the price it helps you to see how ranges form in the top or bottom half of the range, and then break out at cycle midpoints.

If you don't like trends, trade at cycle peaks and tops only, if you do like trends trade at midpoints only. If you have two systems, one trend-following, and one reversal, then you can trade both.
Attached Image (click to enlarge)
Click to Enlarge Name: range-trend-BTC.png Size: 33 KB
  • #30
  • Dec 17, 2017 2:03pm Dec 17, 2017 2:03pm
Quoting clemmo17
I recommend doing some reading and research on the work of Wyckoff. He has some good suggestions for recognizing when price is in a range (accumulating or distributing) and when it is moving impulsively (trending). They usually tend to follow one, after the other, and it is this trend move, followed by a range, that forms a market cycle. As for how long price will remain in a range, and exactly when it will stop ranging and start to breakout, that requires being able to measure the cycle length, or if you can believe Elliott, measure the number...
Wyckoof is a good advice
About EW I´m not a believer.
POW!
  • #31
  • Dec 17, 2017 2:20pm Dec 17, 2017 2:20pm
You might want to look at the Turtles and their method. Indicators can be found on the net. Dave.
  • #32
  • Edited 3:12pm Dec 17, 2017 2:58pm | Edited 3:12pm
Quoting patara
I think first of all googling the subject is better approach.
___
'Google it' .... Usually obvious.
I use Google so much...I even google Google itself!
____
Else, nice info...thanks
L.L.L.T
  • #33
  • Dec 17, 2017 3:11pm Dec 17, 2017 3:11pm
Quoting !iii!
....
___
Both your points post 30 & 31 make sense to me.
If i get it...looks the starting point is look for an instrument with both currencies moving the same way.. a sign of a possible range...
L.L.L.T
  • #34
  • Dec 17, 2017 3:28pm Dec 17, 2017 3:28pm
Quoting KayStreet
{quote} ___ Do you mind posting a visual example on how to employ the ZZ indie to identify an early range?
I am quite busy these days. Moving to a new home. Remind me again if i forget to show you some visuals.
Maadik Hugiis. IQ 69.
  • #35
  • Dec 17, 2017 4:49pm Dec 17, 2017 4:49pm
like post#3 said, create a grid or pull up a renko chart. easy
  • #36
  • Dec 17, 2017 8:27pm Dec 17, 2017 8:27pm
Quoting clemmo17
. If you don't like trends, trade at cycle peaks and tops only, if you do like trends trade at midpoints only. If you have two systems, one trend-following, and one reversal, then you can trade both. {image}
___
What's the 'cycle' indi shown on the chart?
L.L.L.T
  • #37
  • Dec 17, 2017 8:49pm Dec 17, 2017 8:49pm
simplest way, try this
Humble & Kalcker CLO2 = Covid killer
  • #38
  • Dec 17, 2017 9:53pm Dec 17, 2017 9:53pm
Quoting VEEFX
{quote} Come on now... Sharing is caring bro. Transition from range to trend and trend to range is the biggest dilemma for PA traders. Outside of WHEN, knowing WHY is equally important. If i tell you WHY, will you show us How/When :-) {quote}
I can share with you something that has over 80% success of an early warning for range formation. I unnecessary play it humble, cause it is probably over 95%... I am monitoring this on Gold only. Probably it is the same everywhere. An early bird sign.

Look for a breakout of the last 5 H1 candles.

In a trend, there are real 5 H1 candles breakouts only in the trend direction. When you see a breakout in the other direction, of the last 5 H1 candles, that usually its a fake out. Most certainly it is. After that blissful fake out moment, they do like 3-4-5-6 more fake outs of the last 5 H1s, before continuing and trully breaking out the tight up to 150 pips range.

On FX pairs, the common range averages below 135 pips. On Gold goes extreme, to 150-70 pips, but it is pretty much the same thing.
Maadik Hugiis. IQ 69.
  • #39
  • Dec 17, 2017 10:45pm Dec 17, 2017 10:45pm
Quoting MoneyZilla
{quote} I can share with you something that has over 80% success of an early warning for range formation. I unnecessary play it humble, cause it is probably over 95%... I am monitoring this on Gold only. Probably it is the same everywhere. An early bird sign. Look for a breakout of the last 5 H1 candles. In a trend, there are real 5 H1 candles breakouts only in the trend direction. When you see a breakout in the other direction, of the last 5 H1 candles, that usually its a fake out. Most certainly it is. After that blissful fake out moment, they...
Nice. A screenshot will help whenever you have a moment to spare. Is this centric only on H1 or on all timeframes?
Staying in my lane...
  • #40
  • Dec 18, 2017 12:29am Dec 18, 2017 12:29am
Quoting VEEFX
{quote} Nice. A screenshot will help whenever you have a moment to spare. Is this centric only on H1 or on all timeframes?
___
My thoughts too.
Waiting.
L.L.L.T
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