Most people, consciously or subconsciously, pick only ONE of the above three strategies; then, they try to get the market to "behave" and fit their trading style. THAT is the reason most do not consistently make money trading. Each strategy is effective only about 1/3 of the time. When your preferred approach does not fit current market conditions, you will lose money (or breakeven) about 2/3's of the time.
KNOW MORE ON
http://rcwave.blogspot.com/2009/06/what-is-rc-wave-trading-style.html
KNOW MORE ON
http://rcwave.blogspot.com/2009/06/what-is-rc-wave-trading-style.html
