Trading in market can be very simple and easy when you know the direction of market. Any markets can be classified into three types:
1. Bull Market
2. Bear Market
3. Ranging Market
Now I will teach you different strategies to trade in these types of market scenario, lets start with bull market strategy, in the case of bull market (higher top and higher bottom) traders should be looking for only buying opportunities and pullback will give us this trade. In case of bear market traders need to keep looking for selling short, this short position should be only entered in case of some profit booking. So in trending market scenario traders should be trading only in the direction of major trend (trend on daily / weekly chart). Also traders can take help of technical indicators to get confirmed entries, I mostly use slow stochastic while chasing the trends. Ranging markets are not always good for trading as it many time seems to be volatile, in any case you will need to draw support and resistance looking at the daily chart and whenever price hits support its time to enter long, booking profits near resistance region.
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