Many of you know I have a “secret” weapon in my pip movement range study which I have highlighted here at BabyPips many times. I love this analysis because it COMBINES historical pip movement with current volatility. Knowing when volatility increases and decreases and how much it can increase or decrease by offers a major advantage to any trader. This analysis also sheds a bright light on the daily rhythm of the market!
In this week’s video, I share many of the ranges for pairs I am trading and set ups that are pending.
Understanding these ranges effects risk management, trade timing, as well as helps me set my risk and profit targets.
AND when I overlap these ranges with my GRaB and 34EMA Wave studies (You can learn all about those free studies here. I have a more complete trading plan.
Questions? Comments. Post ’em for the Queen here on my BabyPips.com blog!