Flat Market Trading

Flat market trading is method for trading in sideways market. This technique is based only on the use of bollinger bands. This technique is based only on the use of bollinger bands and can be applied at any time frame. Although it seems a simple trading method is not for beginners. The key to this technique is in identifying lateral market situations. The trendlines, supports and resistances, can be successfully used to identify lateral markets or trading range.

Time Frame: any.

Currency pairs: any.

The first step is to learn to identify the range markets. Open any chart and identify the side markets.

Designing supports and resistances or tracing trend lines that do not have to be inclined.

This exercise is essential to be successful with this technique.

Buy

Bollinger bands must be in flat, the market is in a trading range.
When the price touches the lower Bollinger Bands open a buy position.

Sell

Bollinger bands must be in flat, the market is in a trading range.
When the price touches the upper Bollinger Bands open a sell position.

The first profit target is the middle band, the second profit targe is when the price is near at the opposite band. Place initial stop loss 10 pips below/above the entry price depends by time frame.

This trading system is particularly suitable for EUR / CHF.

Exercise.

Do you want to be successful with this trading method?

Identify on the chart areas of support and resistance that contain the movement of the prices.

Then on the same charts you draws trend lines and check that they do not have inclination.