This is a guest post by Supreme Complexity

Following these tips in demo mode will mean you are learning something useful and passing the time without being nearly convinced to jump into a real trade when the conditions are not right. First it is important to test the forex calendar. Perhaps the choppy market is a reaction to something like antagonistic press releases in 2 different countries. Check the SR lines. Are they converging? This could mean a breakout is coming. You can place orders outside the range of the lines, a buy order in case the price breaks much above the lines, and a sell order in case in breaks below.

On the other hand, if the support and resistance lines are approximately parallel? If that is the case you may expect the market to turn when it reaches them. This can be a first signal for a short day trade. Do they support your suggested trade? For instance, there is typically an inverse link between EUR/USD and USD/CHF, so that when one is falling the other will rise. EUR/GBP and GBP/CHF have an inverse relation too. It is vital to exit as quickly as your profit target or stop loss is triggered. Forex currency trade methods in a choppy market are always going to involve short term trading.