DislikedHi all,
Can a trendtrader make money in a tight range market?
In a day when the market had a total range of less than 100 pips (1,2957- 1.2861= 96 pips), and spent 95% of that time in a tight 50 pip range (from 1.2930 -1.2880=50 pips), we had an enjoyable day and made some money.
The very tight range for the day made it interesting but we came out positive with minimal risk. Add in the leverage to allow big numbers of contracts and the dollars roll in for the day.
Next week we will do it again and make some more money....Ignored
1. Isn't scalping against your trading principles?
2. Do you expect the market to keep moving in a narrow range also next week?
The Thief of Wall Street