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Re: Avoiding Rangebound markets...
go to a smaller time frame.
In a rangebound market there are usually trends in the smaller time frames.
one time just fooling around i drew trendlines on the 5 minute chart which came out to be a symmetrical triange. Then I went to the one minute price was at the bottom of the trendline. So I bought price went up. I never made 5 pips so easily quickly before.
I still don't know how to daytrade though. I can trade the longer term time frames but daytrading eludes me.
if anyone has advice send it my way.
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