How traders approach the market?

[Tobi]

The main market approaches that traders usually undertake are technicals and fundamentals in order to make sense and justify market moves.
Technical traders rely on chart indicators or candlestick patterns to decide whether it is appropriate to enter the market. However, they could find themselves frustrated in many occasions due to price not respecting their levels. As an example, they perceived a strong support that held market previously plus it is situated at a confluence zone such as a Fibonacci level and a moving average. Despite that market price broke that level and stopped them out leaving them frustrated with many what, how and why questions.
As for the fundamental traders, they rely heavily on the news to anticipate market direction. They are often correct in their predictions but their entry timing in the market is often early. In many occasions prices go opposite to their position causing draw-downs in their accounts and perhaps stop them out before start heading in the correct direction.
The reality could be there is a third element often neglected by market participants.

 

[monster_masterpiece]

The market price is generally during working hours office except there is timezone difference between trade open and close and your country timezone.