Quote from madmaxer:
We all know that we can not spot what will happen
However:
1- Trending days are mostly news driven. Reports such as GDP, CPI, Fedâs meeting, Unemployment rates and â¦â¦. .
Usually action starts at 7:30 EST ( right after reports are out ), and if you are using Bollinger bands or Keltner channel, Price is mostly riding on the top or bottom line and rarely crosses the middle line. Simply price is in one directional. Good examples are GDP days.
((Some time at the end of trending days , Bog boys want to cash out some their money and it can move the price to opposite direction ))
2- Range days are mostly, the days that you do not have any news, price is not one direction and top / bottom lines of Bollinger or keltner channels are being penetrated regularly.
Hope this helpsâ¦.
