April 15, 2011
3 Trading Zones inside every sideways market
3 Areas inside a sideways market
o Sideways Ranges are created from indecision in the market and usually quite easy to spot
o Three ranges inside the sideways market
o Highs of the range: sell the highs
o Middle of the range: avoid the middle
o Lows of the range: buy the lows
Example:
– Price rises to the top of the sideways range, what do I do?
o Sell the highs
– Price drops off the highs into the middle?
o Sit on hands
– Price drops down to the Lows of the range?
o Buy the lows
Now follow these simple rules, and don’t break them.
How do you protect yourself from being in a trade when your charts crash:
– Prevent it from happening by making sure you have
– Not done too much , too many charts, too many things going on for your cpu to process
– You need a phone that does NOT require power to your house and the name and number for the trade desk at your broker.
