In bearish market it pays to sell and bullish to buy. What to do in market condtions when bulls and bears are fighting to rule, should we avoid trading in such conditions?
In bearish market it pays to sell and bullish to buy. What to do in market condtions when bulls and bears are fighting to rule, should we avoid trading in such conditions?
When bulls and bear are neck to neck then it is better to avoid trading as during these times the markets become range bound and the movements are limited but also at times in such situations there are wild swings so traders must stay away from trading.
if there is no big news ahead then this is the perfect market condition for small scalping only 5 tp with every trade. but should be very cautious and have a good money management for odd situations. i usually trade in this market condition near the support or resistance.
i agree a ranging market is perfect to do scalping.
And a good trader should know how the market moves in such conditions. he should be able to trade well in all market conditions whether ranging or trending.
If you will avoid such situations then how would you get experience. Man learns from his mistakes. Do not avoid critical situations. You may not put big orders but try with small ones.
When bulls and bear are neck to neck then it is better to avoid trading as during these times the markets become range bound and the movements are limited but also at times in such situations there are wild swings so traders must stay away from trading.
When bulls and bear are neck to neck then it is better to avoid trading.There is not clear direction for trading and only watching is a best idea for good traders.When the direction will be cleared then riding on your track.
What you are referring to is a ranging market condition. In such cases you can pick tops and bottoms but always be sure to set a stop loss in case price decides to play a fast one on you and break out. If you are not comfortable with such market conditions, just stay out of the market.
When bulls and bear are neck to neck then it is better to avoid trading as during these times the markets become range bound and the movements are limited but also at times in such situations there are wild swings so traders must stay away from trading.