How To Range Trade Level 3 Accumulation – GBP/USD 1/23/13
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!
If You Would Like To Learn Actual Trading Strategies Used By The Mega-Banks Then Check Out Our Advanced Bank Trading Course For More Information.