How to Identify Market Structure and Increase Your Profitability
Have you ever wondered, when is the best time to trade?
It all depends on what market structure is present at the current moment.
There are 3 different types of market structure:
1. Ranging
2. Trending
3. Indecisive
During a ranging market, prices can turn rapidly so taking profits quickly is crucial. Not optimal market conditions but can be traded if you don't get greedy.
During a trending market, prices can keep continuing in one direction and not look back. It's better to be more lenient on rolling your stops. Expect the trend to continue and trade accordingly. Once the trend ends, sit back and wait for a clear picture of the market.
During indecisive markets, you want to stay out! Don't touch. Avoid at all costs.
I appreciate you investing your time in your future.
Much Love
Dil
It all depends on what market structure is present at the current moment.
There are 3 different types of market structure:
1. Ranging
2. Trending
3. Indecisive
During a ranging market, prices can turn rapidly so taking profits quickly is crucial. Not optimal market conditions but can be traded if you don't get greedy.
During a trending market, prices can keep continuing in one direction and not look back. It's better to be more lenient on rolling your stops. Expect the trend to continue and trade accordingly. Once the trend ends, sit back and wait for a clear picture of the market.
During indecisive markets, you want to stay out! Don't touch. Avoid at all costs.
I appreciate you investing your time in your future.
Much Love
Dil