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    Forums ›› Technically Speaking ›› Technical Analysis ›› What's a good tool to determine if the market is trending or consolidated ?  


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riskaddict
 

Registered: Oct 2006
Posts: 1830

 

12-07-11 02:29 AM

well said dan the new guy! I'm kind of confused shouldn't the question be how to determine distribution vs consolidation? I must ask myself this question 3 times a day and the answer always becomes obvious when the price moves. MP theory try to shed light on distribution vs consolidation but I'm way to dumb to understand it.

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Spear Point
 

Registered: Dec 2011
Posts: 5

 

12-08-11 12:00 AM

I draw lines under, and over the price action.

It's pretty simple to tell if a market is trending by doing that. Just remember, markets don't often trend. They randomly fluctuate most of the time.

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