Wednesday, November 24, 2010

Trading Acceleration Moves

Mtrader618 blog is dedicated to trading the "Trend Acceleration Phase" of any market move.


There are Three Main Phases of any market move:
1. Trend Transition (Phase 1): Consolidation Phase prior to Trend Reversal or Trend Continuation
2. Trend Acceleration (Phase 2): Trending Phase/Breakout Phase
3. Trend Deceleration (Phase 3): Final Phase before the end of the trend.

Strategies for  Intraday Trading utilizing the 5-minute chart or equivalent, combining Floor Trader's Pivot Point Strategy with Market Profile, Average Daily Range and Elliott Wave.