Learning Price Movement

[Lisa]

When studying price movements, can the same strategies be applied to both an uptrending market and a downtrending market?

Does anyone use different strategies when going long or short?

[Soultrader]

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.

[jorge]

From my observation different markets move differently. Some markets may require a different strategy for longs and shorts. Markets have personalities that reflect the personality of the traders behind it.

[Soultrader]

	Quote:	Lisa
	When studying price movements, can the same strategies be applied to both an uptrending market and a downtrending market? Does anyone use different strategies when going long or short?

You might find this thread relevant if you are learning to trade price action only.

http://www.traderslaboratory.com/for...s.html#post684

[carter]

	Quote:	Soultrader
	The markets tend to move slower when price is advancing and faster on a decline.

I find this true for stocks and index futures but not for real goods (commodities).

[Lisa]

	Quote:	carter
	I find this true for stocks and index futures but not for real goods (commodities).

Thank you for the good information