Avoid Getting STEAMROLLED by Economic Events
With major central bank events scheduled this week and traders getting a reprieve from the Euro drama late last week, forex volatility is sure to rise.
One of the main tools I use to prevent getting STEAMROLLED by volatility are historical, repeating price range movements…and I show you how to use this and give you examples as to how to apply these ranges to capitalize on volatility.
Here are two main concepts:
Shock Absorption: How do you position your trade in a market where volatility is expected to rise?
Striking Distance: How far are your entry or exit levels from current price and could they be reached?
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