Range trading: FOREX as for 04/02/2018

Here we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) predescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that if will be profitable with certain probability.

EURUSD

Long position 1
(minimum day with probability 68%) 1.2247
Long position 2
(minimum day with probability 95%) 1.2217
Long position 3
(minimum day with probability 99%) 1.2186

Short position 1
(maximum day with probability 68%) 1.2392
Short position 2
(maximum day with probability 95%) 1.2423
Short position 3
(maximum day with probability 99%) 1.2453

USDJPY

Long position 1
(minimum day with probability 68%) 105.65
Long position 2
(minimum day with probability 95%) 105.38
Long position 3
(minimum day with probability 99%) 105.09

Short position 1
(maximum day with probability 68%) 106.93
Short position 2
(maximum day with probability 95%) 107.21
Short position 3
(maximum day with probability 99%) 107.49

GBPUSD

Long position 1
(minimum day with probability 68%) 1.3953
Long position 2
(minimum day with probability 95%) 1.3914
Long position 3
(minimum day with probability 99%) 1.3876

Short position 1
(maximum day with probability 68%) 1.4122
Short position 2
(maximum day with probability 95%) 1.4160
Short position 3
(maximum day with probability 99%) 1.4199

Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.