simple stretagy of trading
i found there is discussion in a threads about use of single strategy or use of multiple in requirement
One of the easiest ways to lose money as a trader is to apply a trend following strategy in a sideways market. Unfortunately, most of us learn this the hard way. Some traders will eventually learn how to avoid sideways markets, and do fairly well with trend following strategies, but few traders ever learn how to make money in a market that is moving sideways. Armed with the right methods, a sideways market can be an ideal environment to pull money out of the market.
To understand a sideways market, it’s important to be able to recognize a trending one.
i use popular indicators like i ema crossover ,adx and rsi and chart patterns to read a market, in order to determine whether the market is trending up or down.
Another way to spot a trending market is to look for a market that is making higher highs and higher lows (an uptrend), or lower lows, and lower highs (a downtrend).
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When a market isn’t making higher highs or lower lows, bars are typically overlapping as the market trades in a range. In this environment a trend fading strategy, selling highs and buying lows, is the perfect way to trade.
We are looking for the market to bounce back and forth, while we sell highs and buy lows. Although traders can technically trade different time frames,
In the chart below, you will notice that overlapping bars are often found in between trending markets.
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