Long-term and Short-term Traders

The trader with a long-range view of market events will want to use the "top-down" trading. That is , Any one who will think of the market more in broad cycliic terms, and therefore let the cyclic tendencies govern, to some extent, the individual trades. The shorter-term, price- sensitive techniques, more appropriate for that particular market type and the techniques which are move appropriate to longer-range.

The trader with shorter-range goals will use a "bottom-up"Trading approach, focuding more on the techniques which work well for individual, short- term trades. Such a trader may bring in to longer-range consideration later, perhaps as a way of confiming suspicions about the market's short-term behavior.

Traders should think about general with a picture of the whole battlefield situation, ordering his soldiers to take up individul positions. The second thing is form the point of view of the soldier, unaware of the grand strategy, who is intrested in winning and surviving in each confrontation. If traders wonder which kind of trader to be they should just ramember that more soldiers than generals ger killed in ba

view market cycle and astronomical charts for cyclic time reversals. and inputs like price, time, and volume analysis perform convertional chating analysis. Apply swing chats and point-and-figure charts to filter price moves. Apply Stochatics, percentage ,Oscillators, and Relative Strength Price-sesitive Indicatiors. Use market profile pattern analysis to enter the market corretly on an intraday basis.

Trader's Technical Toolkit

The techniques discusssed but it is not all equally well-suited for trading alll the phases of a market. Therefore, The techniques are grouped into one toolkit which can be applied differently to each of seven posibble marker situations:

* Bull to trading market transition
* Bear to trading market transition
* Trading to bull market transition
* Trading to bear market transition
* Bull market
* Bear market
* Trading market

The seven "Toolkit Application" it will gives you information about concise idea of how to employ each technique, in this seven possible market situations.

Studying of Trading Techniques

They are three basic elements predict market i.e. Time, price, and volume.

Beginning traders tend to use mostly price-oriented techniques. The main point if trading is to buy at a low price and sell at a high price, so why concentrate on anything else? Those who have this philosophy, Therefore, will concentrate on techniques, which look at where price has been in order to predict where price is going.

All about "price-sensitive" techniques use only one kind of data: the recent past history of prices. how is using techniques of manipulate this data in various ways to identify the current price trend and also to pinpoint when the trend might be about to end or when the trend may have been broken.

It’s not false that, the trader's final objective is price-but other factors determine price.

The completely seasoned traders, who perhaps have been around so long that they can "sense" market moves without actually being able to explain them, have a longer perspective on the market. They see that what will happens in the market today, This week, or this month, is influenced in part by a very long-frame context- by tendencies and events which may play out over a number of years. In short, the fully- experienced traders see the market in a time-related frame of reference. These traders turn to time-oriented, patter-recognition techniques, and cyclic.

It is perhaps helps you that beginning traders Philosophies will go through the above thee stages. However, if they recognize them, it may be possible for them to shorten their stay at the first stages and become more sophisticated traders more quickly then they would have without this book