need strategy for trading in non trending days

[bunti_k23]

Thanks I checked today william's % R giving good results if we go for 5 to 10 points only in a range bound market.

@ johny these lines are group of candle's high and low when price go beyond this high & low line I enter

dear shashank why ru relying on a single stupid indicator......just analyse the charts..it tells everything

 

[jagankris]

Hi Shashank,

For a beginner sideways markets will be haunting.

But there are certain rules which you can adhere to avoid whips in sideways.

The best is eye balling.
Sideways do happen at crucial support or resistance.
Price action is the simplest - series of higher lows - trend up.
Series of lower highs - trend is down.
If both the above are violated you are in sideways.

Indicator wise
If ADX is less than both +DM and -DM then in sideways.
If ADX is falling from high and falls below 40 then sideways starts.

RSI remains between 40 and 60.

If bollinger band is turning then beware it could be the start of sideways.

Use Price channel indicator in MT4 - which is nothing but which plots 14 period high low channel.It will be helpful.

Volume will be then.

ATR will be less than its average.

So based on these create a set of rules which suits you.

All the best.

 

[shemz]

Or scalp on those days. You would need to do a lot of trades with heavy volume and low profit targets. Sort of providing liquidity on mid frequency (manual). Trade only the instruments that you are following for a long time and understand its dynamics well and can clearly define its pivot points.

Or short index option straddles/strangles at high vol. Again volume is the key.