Range trading: Forex as for 30/05/2019

Under that heading 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) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability.

Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1100
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.1084
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.1067

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1173
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1189
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1206

GBPUSD

Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.2561
Long position 2
(The price today will not fall below this mark with a probability of 95%) 1.2527
Long position 3
(The price today will not fall below this mark with a probability of 99%) 1.2494

Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2688
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2722
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2756

USDJPY

Long position 1
(The price today will not fall below this mark with a probability of 68%) 109.14
Long position 2
(The price today will not fall below this mark with a probability of 95%) 108.97
Long position 3
(The price today will not fall below this mark with a probability of 99%) 108.80

Short position 1
(The price today will not rise above this mark with a probability of 68%) 109.98
Short position 2
(The price today will not rise above this mark with a probability of 95%) 110.15
Short position 3
(The price today will not rise above this mark with a probability of 99%) 110.32

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