Is the
market ranging or is it trending? One of the major considerations before you
plan you trade.
Lessons on Market Environment
1.
Trendspotting
Trending
markets are just like waves. They can move long distances and can take you for
a nice, profitable ride!
2.
What is a Trending Market?
Trending
markets are just like waves. They can move long distances and can take you for
a nice, profitable ride!
3.
What is a Ranging Market?
Sometimes,
price bounces between two specific levels for long periods of time. In times
like these, we have what we call a "ranging market."
4.
Retracement or Reversal?
Knowing
the difference between the two can spell the difference between a big win and a
big loss.
5.
Identifying Reversals
When
looking for reversals, you'd best stay on your toes. They can happen anytime!
6.
Protect Yo Self From Reversals
Protect
yo self from reversals by using trailing stops and learning to recognize when a
trend is losing strength!
