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- >Price or Time what is more Important?
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As a Trader I have witnessed many moods of market Good ,Bad and ugly.
Good would be trending market or a market with direction .
Bad would be sideways market or Directionless.
Ugly would be a state of market where Bulls and Bears both are scared ,Bull scared to long
and Bear scared to Short.
We witness Good and bad market more often
This UGLY part usually comes near bottoms or near tops which usually tests every traders
Patience.
There is a saying in Hindi "BHAV BHAGWAN HAI"Price is god"
In a trending market Price plays an important role but in bad and ugly phases of market
Time plays a vital role compared to price.
For example we tend to see many stocks hovering near a price for days together only when
it makes a pattern or a situation is satisfied it starts its further move up or down.In other words
when time gets over Price reverses.
Time cycles+ Price cycles taken together produces near perfect trading opportunities
I am talking about Trade setups which take care of both time and price.
Elliott wave theory is Price centric where as GANN theory is Time centric if a trader
uses both these theories together he would be able to increase his good trade chances
by leaps and bounds .
Any thoughts on this fellow traders:)
Regards
Rish
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