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Thread: Chapter 19, Part I. Harmonic Approach to Recognizing a Trend Day.

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    Default Chapter 19, Part I. Harmonic Approach to Recognizing a Trend Day.

    Part I. Harmonic Approach to Recognizing a Trend Day.

    Commander in Pips:
    One of the important things on market is to catch the market’s sentiment – both for long term and for the current trading session. With sentiment, we understand here contraction or expansion of the market. Contraction is range trading, while an expanding market means a trending market. Knowing the current trading environment is particularly important, because applying the wrong strategy will lead to loss. Definitely speaking, if we use a trending strategy on a ranging market or a ranging strategy on a trending one – we will hardly succeed. Very often, many traders scream that their strategy is bad and does not work anymore. Although a strategy could really be bad, very often a good one stops working due o wrong application. As we use different tools for cooking and car repairing , there are different strategies we have to be apply depending on the market environment.


    Pipruit:
    So, we will need some indicators to estimate it, right?
    Last edited by AsstModerator; 11-23-2011 at 07:09 PM.
    Deborah Moon likes this.

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