i hear people saying that they trade with the trend and the trend is your friend. that when it's a down trend, they sell. When it's a up trend, they buy. Isn't there money being made as it ranges back and forth?
i hear people saying that they trade with the trend and the trend is your friend. that when it's a down trend, they sell. When it's a up trend, they buy. Isn't there money being made as it ranges back and forth?
Yes, range trading is a strategy traders use when there is no clear trend apart from sideways movement. It's a pretty simple concept, identify key levels of support and resistance and buy when prices reach support and sell when they reach resistanc:
A range period in H1 consists of uptrend and downtrend periods in a lower timeframe, i.e. M5 or M1. Trading there, you may have more chances to trade by the trend, respecting of course the H1 S/R levels, where the trend may change direction.