Trading a chart that is moving sideways

[zorlev]

Can any member give any insights on how this can be done successfully

 

[options]

Depends on the size of the channel.

But look to scalp in any case.

 

[Gumping]

Move sideways so that you can keep up with it?

 

[tqtran]

Its never a good idea to trade sideways because you can get caught in a breakout the wrong way.
But if you must trade this way, at least use the Bollinger Bands to help show you where the channel limits are.
When the Bollinger Bands are narrow, trade within the upper/lower and MA. If they start to open up then stop.

 

[stevexyg]

Great advice, repeating patterns may be obvious where you can make a small profit many times over but ensure you use stop losses and keep an eye on the news and similar stocks so that you don't get caught out by surprise large moves.

 

[trader_dante]

Can any member give any insights on how this can be done successfully

i) Buy support and sell resistance.

ii) If price makes higher lows into resistance or lower highs into support, watch for a breakout.

iii) Always remember: A man can beat the market in grains, but he cannot beat the grain market.

The best traders know when to stand aside.