Gits (Hooglede) Belgium
Legendary Market Wizard
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
Posts: 2,997 since Sep 2013
Thanks Given: 2,442
Thanks Received: 5,863
|
Even if market goes in a trend up or down, it does that in waves, not in a straight line.
during an uptrend, the market will rotate, big move up, smaller move down, big move up, smaller move down
When the market changes from going up to down, that is called a rotation
It corresponds to a change from buyers dominating to sellers dominating
Watching order flow, you effectively see that rotation kicking in
For beginners it is said, best is to trade WITH the trend, not against the trend
if the trend is up, you see a rotation down, you would then try to jump on it
when the rotation back up kicks in...
good luck !
|