【Question】Can it be used for both contrarian and trend-following strategies? I can’t quite understand recent market trends【Answer】
Question from the community ↓
All about Line Trading: A strategy that anticipates profits!
【Question】
Can it be used for both counter-trend and trend-following?
From recent market conditions, I’m not sure what’s going on
It seemed like a trending market, but it turned into a range
It feels like there is no clear boundary, though
Is this教材 (teaching material) applicable?
【Answer】
Thanks
Yes, since it’s a support/resistance教材 (material), it can be used for both trend-following and counter-trend strategies
Also, I’d like you to study with the free教材 as well
In recent markets, there have been moments when a one-may-be-overgagging-like movement appears, then reverses
However, trend-following strategies are not disadvantaged
If you’re not confident, consider this
A trend-following approach (trend-following or early-movement type) isn’t bad either
Line trading
can be used for breaks and follow-throughs
and it’s easy to apply as a market judgment criterion
Like Dow Theory, there’s no harm in learning
What makes it clearer and simpler is my own教材
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