PENDULUM TRADING CONCEPT || @daprado1999
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PENDULUM TRADING CONCEPT
Pendulum trading Concept occurs when a trading action is held out for close to 48 hours without interruption or change. It takes huge advantage of volatility of the market. It is really ideal because it's provides window of opportunities to perform other activities. You could swing by at trades using the pendulum trading concept.
Furthermore, It identifies trends and opens points in order to realise profits from the "swinging pendulum" in prices of assets price. Either swinging high or swinging low, the trading is really vital to basic traders.
TYPES OF PENDULUM TRADING CONCEPT
Reversal Trade:
This is a trading pattern that occurs simultaneously with change or reversal in position of directions of leading trend on the crypto market.
Retracement Trade:
This is a trading pattern which is placed as a result of slight recess or temporary stop in trade due to change in price of assets.
Breakout Trade:
This is a trading pattern placed early due to an early breakout in price of assets. When assets ascend a threshold the breakout trade could be placed.
Breakdown trade:
This is a trading pattern placed immediately often a decrease in price of assets is noticed, this pattern is usually collateral damage based.
ADVANTAGES OF PENDULUM TRADING CONCEPT
TIME CONSERVATION:
This type of trading is convenient for crypto students who barely have time to study trends. It is useful to them because their assertive choice usually stands the test of time.
PROFITABILITY:
Pendulum trading concept provides opportunity to wider profits. They open positions aiming to hit target and provide profits in the trading experience.
DISADVANTAGES OF PENDULUM TRADING CONCEPT
SEASONAL LOSSES:
The cryptocurrency market is available at all times. Pendulum traders do not trade all times and are at risk do losses at occasional times. It's really a huge demerit.
EMOTIONS:
The pendulum traders are usually caught up in emotions little rumours or slight glide in trade positions could cloud their judgement and sometimes make them swing to mistakes