City index lesson 1

Sideway market

- market waiting to happen. . To a trend

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3 key tenets of Wycoff market cycle

1. Time
2. Price action
3. Volume

2007 drop

1. Accumulation - 2008-2009

** usually insider buying happen

2. Markup - 2009 till now

** here I can buy on retracement and support

3. Distribution - 2015?

Topping process. . Usually 1 to 3 months

4. Markdown -

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Breakout strategies

1. Must have prolonged compression first.. cauz likely more explosive

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**** business of trading = managing risk!!!! Manage risk must always always come first!!!!!!!

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Average True range.. highest price and lowest price..average out. .

This ATR help me to see the trading range.. can help me see volatility..

And then later I can use this volatility to set my stop loss