Trend Traders want to push the market or sell the market below NSL or Above NSH based on a FIB
Structure Traders Look for the Break above in anticipation of the retrace to buy or sell at the structure level with the projections to the NSH or NSL or FIB
traders will look for the break in Structure for a Pattern to Form and look to buy or sell at the FIB Level.
Fib Traders Buy or Sell at the FIB Levels with the anticipation price will increase or decrease.
Price action traders look for the HHHC or LLLC they either sell or buy aggressively or wait for the retrace knowing based on price action that it will eventually continue down or up.
Scalping - The scalper is an individual who makes dozens or hundreds of trades per day, trying to "scalp" a small profit from each trade by exploiting the bid-ask spread.
Momentum Trading - Momentum traders look to find stocks that are moving significantly in one direction on high and try to jump on board to ride the momentum train to a desired profit.
Technical Trading - Technical traders are obsessed with charts and graphs, watching lines on stock or index graphs for signs of convergence or divergence that might indicate buy or sell signals.
Fundamental Trading - Fundamentalists trade companies based on , which examines things like corporate events such as actual or anticipated reports, stock splits, reorganizations or acquisitions.
Swing Trading - Swing traders are really fundamental traders who hold their positions longer than a single day. Most fundamentalists are actually swing traders since changes in corporate fundamentals generally require several days or even weeks to produce a price movement sufficient enough for the trader to claim a reasonable profit.
I guess the bottom line is the most important part is knowing how to read a price chart. If you dont know how to read a price chart then you probably shouldn't be trading. Are you having trouble staying in front of the market sometimes or even want to learn more, they say 90% of traders fail and we know it has a lot to do with psychology and discipline. Visit http://www.tradeempowered.com they have a 12 week transformation course which outlines everything from Reading a price chart, Fibonacci Advanced Patterns Back Testing Money Management and much more. They teach many things using the IF THEN thought process and learning these things repetitively sets off a signal as soon as something happens in the market it jumps out at you, this is programming your RAS (Reticular Activating System)
I just wanted to share this with you.