Understanding How the Rhythm of the Day and Price Movement Ranges Effect Your Trading!
In this week’s forex talk, I explain the importance of price movement ranges and how all 24-hours of the forex trading day are not created equal. This is one of my main tools and allows me to gauge volatility, control/understand risk, as well as know which set ups are within what I call “Proximity.” The great thing about this is that it doesn’t matter what your currency trading style is–it’s all about understanding the price action and the distance price could travel which puts different levels on the charts “in play.”
There is a historical and typical rhythm to the markets and individual pairs. Understanding that is what this video is all about.
I call this my “not-so-secret” weapon since just about anyone can use it, benefit from it, and access it. If you have questions, please feel free to leave it in the comments section!
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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.