range trading

Comment

Comment by Adam Horak on August 28, 2008 at 11:20am

Trading between support and resistance (Range trading)

Range traders are masters of support and resistance, they care little for overall trend or market direction, range traders focus more on the underlying rang or move in order to maximize returns. Ranges often develop on a lack of volatility or when a near term top or bottom is in place. Range traders place there positions in the belief that prices will trade between the same levels many times allowing traders to profit on the moves, over and over again.