Dealing with Market Noise

In our last webinar with SharkIndicators, we looked how to define market noise using the Daily and Weekly Range Projections. The noise bands are based on recent market volatility and shows us how far short term traders are typically expected to drive prices. Knowing whether market is trading within, or outside market noise levels, can help determine the type of setups to trade.

Market Noise Setups

If we have a market noise scenario, prices will generally be driven from benchmark to benchmark. Gaps, prior session highs and lows, VWAP levels, Fibonacci and opening range extensions will all be of interest and possible targets for short term traders.

In this presentation we looked at how the London Breakout strategy, a well know FX setup that trades following the European open, responds to a market noise scenario. To learn more, take a look at the webinar recording here:

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