How to identify a TREND or RANGE market early in Daytrading
Trading and Price Action can be broken down into tow simple terms...a 'range bound' market and a 'trend' market. Being able to identify the price action early is key to successful daytrading.
In the video I discuss how I like to daytrade Indexes and especially how I look to identify a RANGE or a TREND market. As there really is only TWO WAYs to trade....ie/ reversion to the mean or continuation trading...it is important to identify the market conditions early to get on the right side of the market and take full advantage of a move up or down.
I discuss my basic approach to trading and what I look for to identify the market conditions.
I talk about my trading style and general entry criteria.
Any comments or questions welcome below.
In the video I discuss how I like to daytrade Indexes and especially how I look to identify a RANGE or a TREND market. As there really is only TWO WAYs to trade....ie/ reversion to the mean or continuation trading...it is important to identify the market conditions early to get on the right side of the market and take full advantage of a move up or down.
I discuss my basic approach to trading and what I look for to identify the market conditions.
I talk about my trading style and general entry criteria.
Any comments or questions welcome below.
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