|
I use different strategies for long and short setups. The markets tend to move slower when price is advancing and faster on a decline.
I find pullbacks in a uptrending market to be deeper than retracements in a downtrending market.
One example is: in an uptrending market I use a 61.8% fib setup. While in a downtrending market I use a 50% fib setup.
__________________
James Lee
TradersLaboratory.com
-----------------------------
Empowering traders with knowledge.
Please support TL by visiting our sponsors. Thanks!
|