I have been really busy for past weeks and have no time to post on my blog. Below is an extract from my training materials which I have been busy with.
It is important to recognize market consolidations because this is where most traders lose money and because the consolidations can stretch into few months, many traders thought that their trading system do not work and give up trading entirely or went on searching for new trading systems. And again, the systems seem to work for a while and "stopped" working when market goes into consolidation.
The blue rectangles are the consolidation zones, but not all consolidation are trading range. Thus, the application of your techniques need to be clear. All these are part of learning how to understand the market.
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