Identifying market cycle

NexusFi · 2012-01-28T06:11:03-05:00

Recently I read a book it's basically a book caters to part-time traders with a day job,I haven't read it completely. In the book the author explain types of market cycles by using the clock hands but unfortunately I wasn't able to identify/understand the concept the author also wrote that we should have several trading strategies for trending,consolidating market... but how do we identify it? I know there's this thing call price action but I'm no scalper... if anyone can …

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Updated January 28, 2012

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Identifying market cycle

January 28th, 2012, 06:11 AM	#1 (permalink)
PaperTrader changi, singapore Elite Member Experience: None Platform: Free Posts: 105 since Aug 2011 Thanks Given: 126 Thanks Received: 21	Recently I read a book it's basically a book caters to part-time traders with a day job,I haven't read it completely. In the book the author explain types of market cycles by using the clock hands but unfortunately I wasn't able to identify/understand the concept the author also wrote that we should have several trading strategies for trending,consolidating market... but how do we identify it? I know there's this thing call price action but I'm no scalper... if anyone can share resources or have a simpler graphical picture about market cycle will be much appreciated.