The
market
geometry
trading
consists of projecting rising, declining or horizontal channels
in
the direction of the price when the financial asset is rising,
declining or consolidating.
Generally,
when a technical trader applies the market geometry for the first
time, he or she will quickly notice a
real
improvement. Generally, the market geometry allows advanced technical traders
to pinpoint possible reversal price levels where reliable trading
signals occur.
One
of the best market geometry technical trading tools is the pitchfork
tool. The pitchfork tool is a powerful technical trading tool that
many traders often neglect. A pitchfork tool trader is also a market
geometry trader. One can project the pitchfork tool like one projects
a channel. That is an advanced market geometry trading tactics.
The
pitchfork tool is a reliable market geometry trading tool.
Another
use of the market geometry is the projection of the angle between
two trend lines in the direction of the price. Market geometry
traders also apply the projection of triangles. In fact, there is no
limit to what price structures, shapes or forms one can project. It
is amazing how technical traders limit themselves when using the
market geometry. For many, the market geometry is just about
projecting channels.
However,
one can do more by projecting arcs or applying horizontal and
vertical projections. It is vital that one does not limit oneself to
the vertical projection alone.
Different
Uses Of Market Geometry
1/
To set profit target.
2/
It helps to set stop-loss.
3/
To find best oversold and overbought trading signals.
4/
To avoid trading mistakes.
5/
To manage the trade.
6/
To determine hot spot trading zones.
7/
To highlight bullish or bearish trading zones.
8/
It also helps traders to trade on the edge instead taking trades in a
void.
Market
Geometry Trade Set
ups
1/
Intersection between a
pitchfork
tool and normal horizontal support and resistance levels.
2/
Divergences at projected key levels using market geometry.
3/
Stochastic patterns that occur at a market geometry key level.
4/
To
spot oversold
and overbought financial
instruments.
The
horizontal channel projection helps to spot oversold and
overbought
trading
opportunities.
5/
Breakout Trading
Price
is breaking above or below a range or specific price structure. Use
the market geometry to highlight rewarding day or swing trades on the
edge of that projected range.
6/
Price is exhibiting a bullish chart pattern as it falls on to the
extreme end of the projection.
7/
Price is displaying a bearish chart patterns as it rises to the upper
end of the projection.
8/
One should not forget to combine the market geometry with other
trading methods such Elliott wave, candlestick patterns and
predictive fractals.
Multi-Talented
Market Geometry
The
approach to use when one is applying the market geometry trading
techniques is the multi-talented trading tactics. That approach helps
traders to combine various trading methods with the market geometry.
For example, one can combine Elliott wave analysis or Fibonacci
extensions (or retracements) with the market geometry.
One
may also blend chart patterns and market geometry to help find the
best chart patterns.
Watch
this video now.
Check another webpage about MARKET GEOMETRY CHARTS