четвер, 13 жовтня 2016 р.

What about direction of trading?

There are 2 kinds of traders. One of them trades in both direction (buy and sell) other only in one. I mean that for beginner better to trade only in one direction, cause you will avoid mistakes. Overtrading is the biggest problem of traders. When you decrease amount of  your trades you decrease your losses. But  professional traders could do it. And trading in both side with good result is mark of mastery. But how do identify that local trend  broken and new one started? If you will pay attention for reaction of price on local volume accumulation you will  it.

Please look for the example. As you can see was down trend. Price was stopped by local volume accumulation. And next bar bounced from them. This local volume area is ideal target for open long when price tested it once more.


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