In the second part of his article, Matthew Cherry gives an introduction on how to develop a unique trading strategy to properly trade a range bound instrument.
Although it is obvious how to profit from an up trending or down trending market, sometimes it is not as apparent how a trader can take advantage of a sideways market. Here’s a resolution to help traders navigate a sideways action.
One of the most important aspects of trading a breakout is timing. And with this one strategy, Matthew Cherry will help you to understand the components of a price breakout and the psychology behind it, which can effectively take a lot of the guess work out of trading breakouts.
Matthew Cherry takes a closer look at what makes the Average True Range indicator so useful for short-term trading.