Why choosing the right day trading strategies for the market conditions is crucial to your trading success.
Each of these two basic market conditions (consolidating vs trending) require very different day trading strategies.
Hopefully you now understand why we need different strategies for different market conditions. Almost every other technical day trading strategy in existence is a variation on the basic themes outlined below.


The success of this day trading strategy relies on the market continuing to rotate sideways within its defined trading range.
Gold has had quite the range day overall with smaller ranges in the mix as well really showing its choppiness. The first target will come off at midline resistance with the final target back up to the channel highs or high of day. This occurs when the market breaks out from its trading range and moves directionally until the market begins to consolidate sideways again.


However, trying to employ a directional strategy while the market is consolidating in a tight trading range will more often than not get you chopped around and stopped out of trades.



Omni forex signals review
Binary options daily tips


Comments

  1. Reksane

    Only need to sense the course of the all around with our unimaginable custom coded indicators.

    10.11.2014

  2. PALMEIRAS

    An choice to hold out this many new binary options investing in an opposite direction to their traditional foreign exchange.

    10.11.2014

  3. Ledi_HeDeF

    Really fascinating new the best strategy that you just deem.

    10.11.2014

  4. login

    Name contract for $500 on a brand new hot selling guides found on the webiste.

    10.11.2014