Trading Proverb #11, Wave Trading

Trading Proverb #11. Waves do not draw lines in the sand, nor do they wear watches.

Be fluid with the motion of the market. Be willing to open and close positions when the market tells you to do it. Do not marry a spot on the chart.

Do not trade to a stopwatch or hour of the day. Even the movement during a fresh market open is never consistent. If it were that easy, everyone would do it. Is there such a thing as a profitable binary trader? I doubt it. The market is tracked by time, but does not move according to time.

Fundamentals, or news, generally is the cause for price momentum which is what creates waves. Effective wave measurement is how you become rich.