Hi Sir,
Good afternoon.Again a nice trail of discussions.
I will try to put all my efforts to define these 2 terms from my end .Pls correct me.
1. Move to move trader : He takes trades in all the direction .Say if a trend is long and price goes from 5000 to 5500. he takes this long trade.
Then say price corrects from 5500 to 5300.Here he takes a short trades.Then again when correction stops at 5300 and price starts next wave of upmove he goes long. This means this type of trades is taking trades both with the trend and and against the trend (correction ).Means he is trading all moves in both
directions.In this case 5000 to 5500 is a single move, 5500 to 5300 is a single move and 5300 to upside is a another move.This trader has taken all the move .Thats why he is a move to move trader.
2.Correction to correction trader : He trades with trend in this case he takes trade from 5000 to 5500 .Then when correction starts he keeps queit.Then again when correction stops at 5300 and next wave of longs start he takes a fresh trade.Like this cycle repeats.
Hope I am right atleast by 1/4.
Good afternoon.Again a nice trail of discussions.
I will try to put all my efforts to define these 2 terms from my end .Pls correct me.
1. Move to move trader : He takes trades in all the direction .Say if a trend is long and price goes from 5000 to 5500. he takes this long trade.
Then say price corrects from 5500 to 5300.Here he takes a short trades.Then again when correction stops at 5300 and price starts next wave of upmove he goes long. This means this type of trades is taking trades both with the trend and and against the trend (correction ).Means he is trading all moves in both
directions.In this case 5000 to 5500 is a single move, 5500 to 5300 is a single move and 5300 to upside is a another move.This trader has taken all the move .Thats why he is a move to move trader.
2.Correction to correction trader : He trades with trend in this case he takes trade from 5000 to 5500 .Then when correction starts he keeps queit.Then again when correction stops at 5300 and next wave of longs start he takes a fresh trade.Like this cycle repeats.
Hope I am right atleast by 1/4.