Trading Range Day

• The buyers and sellers are actively auctioning prices back and forth within the day's range, usually established by the day's initial balance.

• On this day, the initial balance is about as wide as that of a Typical Day, but buyers and sellers are actively pushing prices back and forth instead of quietly trading within these two extremes throughout the day.

• This type of day is basically like a game of tennis. The players stand on opposite sides of the court and take turns volleying the ball to one another throughout the match.

• Likewise, buyers and sellers will stand at the extremes of the day and responsively enter the market when the price reaches the outer limits of the day's range.

• Responsive sellers will enter shorts at the top of the range, pushing the price back toward the day's lows, while responsive buyers will enter longs at the bottom of the range, pushing the price back toward the day's highs.

• This type of market day offers easy trade facilitation and gives traders amazing opportunities to time their entries.