Range trading 21 Sep 2009

I am proposing a series of trading method for daily action.

The first of it is Range Trading:
Conditions:
One: When there is a lack of news
Two: A day of dispersion, giving raise to a price action that is range.

Actions:
Use 5 mins chart
Long when CCI 14 is below -150.
Candle close outside BB(14,2)
Do a market order.
Take profit when price touch the the top of BB(14,2).
If not able to monitor, simple set a TP for 10-20 pips, depending on the opening of the BB(14,2).

Likewise for short trade, use CCI above 150.