
Originally Posted by
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I do not understand what would happen in a recession but I really do understand summer time isn't the best time for trending trading. It is more of a ranging trading.
Consider what happens on July 4th or Memorial day. There is not much moving at all. Every once and a while, price drops, turns, goes back up, and falls again. I look at summertime kinda exactly the same as when I look at vacations. Summer is just a long vacation.
If a person goes back and looks at a chart, the patterns forming are not any differant than they were when trading started with a chart. The best thing to do is use resistant and support levels to find out when to buy and sell.
The more quickly you can look ahead and see when the rangebound trading will begin to start the better. There are many people that can not stand a ranging market. I love them. When I can see the range, I'll buy the bottoms and sell the tops.
Ranging is not much differant than trending. A trend goes up or down. Range extends up and down too, only sideways.