many traders say that, especially in intraday, take a long trade if price breaks today’s high and take a short trade if it breaks today’s low. normally price keeps on trading between today’s high/low. But my questions is why not to take advantage of this middle range? and if yes, how to?
Yes you can trade in the middle range with short term profits, it depends on the strategy which you follow.
if price breaks today’s high and take a short trade if it breaks today’s low ??? how do you know how is todays High and todays low please .
if price breaks today’s high and take a short trade if it breaks today’s low ??? how do you know how is todays High and todays low please .