1) A market move has only two possible directions. A market move has only two possible directions means- whenever there is an existing market position with a certain profit target and protected by a stop loss level, the market will eventually reach one of those trading points.It also implies the price action on the way between the two points is 'market noise' and should be disregarded.
2)The market is in perpetual motion.The market is in perpetual motion means that over any period of time the market is progressing either towards the target or the stop loss level and that one of these will be reached with in a reasonable period of time.
3)The market completes certain trading ranges over certain periods of time(A day,A week,A month) . The market completes certain trading ranges over certain period of time, allows traders to evaluate the specific probabilities, a market will reach certain price levels,with in a certain time frame. Muraleedharan http://currencycentral.blogspot.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment