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How To Range Trade Level 3 Accumulation – GBP/USD 1/23/13

January 25
06:11 2013

Chad and I were talking a few days ago and we came to realize that we have been seriously slacking on getting live trade videos. Unfortunately it can be a pain to tun on the recorder when a trade is setting up and as a result we tend to forget about it among everything else. Last night however, on Wednesday January 23rd 2013 we had a nice stop run of the overall lows. As this was setting up I decided to pop on the recorder as this trade had many great qualities I thought everyone could benefit from seeing.

Often traders struggle to trade range bound market conditions. Many trading strategies or traders for that matter will hold their own in a trending market but they tend to give back some if not all of their profits previously accumulated. Once you understand market manipulation you can eliminate the need to worry about range bound stagnant markets. The bottom line is the banks will always search for liquidity on a daily basis. Once you have a clear range established this gives us great locations to look for stop runs and general manipulation to take a trade from. This live Pound long trade exemplifies our beliefs in regards to trading range bound markets. I hope you all find it useful!


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About Author

Sterling Suhr

Sterling Suhr

Hey everyone, my name is Sterling Suhr. Like Chad I've been around this market for quite some time, nearly 10 years now. You and I more than likely have quite a bit in common when it comes to Forex trading. Like most I started trading Forex and thought it would be rather easy. Everything I read said it would make you profitable so why wouldn't I believe it Forex trading was easy? The unfortunate part is that belief, and the hope that goes along with it pushed me into buying every scam Forex product there was. I've tried every EA, software, strategy, chart pattern, candle pattern, signal service, etc, all with negative results. The bottom line is mainstream Forex trading strategy will continue to fail retail traders. It wasn't until I realized this point did I begin to see success. On a personal note I currently reside in South Western Michigan. I personally love this part of the country and enjoy having a taste of all four seasons. I was recently married in May of 2012 and Chad has given me a stiff warning to not have children:) As a personal hobby I enjoy aviation and really anything to do with the outdoors.

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