FOREX THEORY
Trendspotting
When two people go to war, the
foolish man always rushes blindly into battle without a plan, much like a
starving man at his favorite buffet spot.
The wise man, on the other hand,
will always get a situation report first to know the surrounding conditions that
could affect how the battle plays out.
Like in warfare, we must also get
a situation report on the market we are trading. This means we need to know
what kind of market environment we are actually in. Some traders cry saying
that their system sucks.
Sometimes the system does in fact,
suck. Other times, the system is potentially profitable, but it is being
utilized in the wrong environment.
Seasoned traders try to figure out
the appropriate strategy for the current market environment they are trading in.
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