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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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.