can also be used to trade Forex currency pairs profitably while they are in strong trends.
when it seems obvious that a Forex pair’s price is going nowhere, you might try to trade the bounces from the limits of the range on short time frames, using tight stops to increase the reward to risk on winning trades. – remember, it is all part of the plan to have some losing trades, and it is not a big problem as long as you are keeping individual trade sizes small. You should expect losing streaks, which you will more than make up for during the winning streaks. Paradoxically, Forex trading can only be profitable when you are prepared to accept the possibility of meaningful losses, even if they are only temporary.
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