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    Thread: What do you think about Opening Range in forex trading?

    1. #1
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      Question What do you think about Opening Range in forex trading?

      As forex trader, do you see any improvement in trading if you use Opening Range strategy for example EURUSD or any forex pair?


    2. The following 2 users say Thank You to Ezekiel Archibong Udoh for this useful post.

      elssayed (04-19-2019), Ovo3v1 (04-17-2019)

    3. #2
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      There are three types of market movement we face in forex market. Uptrend market , downtrend market and range market. When the market is going up then it is called uptrend and when the market goes down then it called downtrend. But when the movement do not go up and down only moving in a range or area then it is called range market. Many traders do not like to trade in range market because we can not get clear direction from this moving. By using horizontal support and resistance trader can buy and sell in this market. I also avoid range trading. I like trend trading. Because trend is friend. But if u want to trade on this range market then u do not need follow huge things just try to know basic support resistance area.


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      elssayed (04-19-2019)

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      Opening range :
      is a trading strategy used during London session by defining highest and lowest price of the prior half hour to London session by drawing a resistance line on the highest price and support line on the lowest price then we can wait until the price breakout the resistance line or breakdown the support line for ten to fifteen minutes to define the direction that market will take it for the rest of the day so if the breakout was for the resistance line we can open buy trade and if the breakdown was for the support line we can open sell trade then we can manage it by the looking for 5 minute chart along with using some indicators such as :
      - Rsi indicator .
      - Stochastic indicator .
      - CCI indicator .
      - Moving average indicators include :
      * simple moving average for period 13 .
      * Exponential moving average for period 144 .
      - Exponential moving average for period 169 .


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      Yes The Pair Euro/Usd Is the Good Pair to make trade with many benefit During London And US Session Momentum Be Great and here You Can Make a Lots Of Trade .


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      Hi friends I think the pair Euro/ USD is the one of the best pairs to make trade with so much use full benefits in London and us session and you can get a lot of profit.


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