Page 4 - Module 15 - Trending or Trading

Module 15 – Trending or Trading

3. Day Trading and Anticipating Ranging Days

Ranging days exhibit average- to below- average volatility in the range of 60 to 90 pips. You can
expect a well-behaved chart. This means the chart will more than likely breakout of a channel to
create an upward or downward curve. Price may have a small breakout and small retracement.
These are days where inexperienced traders get caught in bull traps and bear traps. Remember,
there is the plain fool who does the wrong thing at all the time and there is the trading fool who
thinks he must trade all the time.
Some key features in identifying a Ranging Day Session will include but not be limited to:
▪ The fact that there is no fundamental announcements on that day,
▪ Trading will be slow,
▪ Market movement during the session will create a trading range of between 60 – 90 pips.

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