Steidlmayer’s 4 Step Of Market development is the steps market takes in completing one set of its development. What Peter found out is that this set keeps on repeating in the markets again and again. Once more I would say here that this is not some pattern recognition trade setup. This is how the actual development of the market happens.
Many traders are looking for quick answers to questions which some people have taken a lifetime to answer. Obviously, charlatans and snake oil salesmen will grab this opportunity and promise you things that seem too good to be true. Gullible traders fall for it and end up losing a lot of money.
Most of the times traders enter the markets with a false sense of superiority. They believe they know everything there is to know and end up paying the price. The beauty of markets is they won’t tell you in easy words what you are doing wrong, but they will wait let you make a few bucks and right when you are most confident deliver a death blow to your account and your confidence.
The 4 steps offered by Steidlmayer helps you figure out what the market is trying to do and based on that you can get a loose idea of what it will do in near future. You can use that information to device a trading plan.
I like to draw what I call as a potential auction path. They are the possible paths market can take in near future. If the market takes one of those routes you can use it as a confirmation and align your trades along that potential auction path.
You can check one of my live streaming sessions to get a feel of these potential auction paths and how I try and read the markets…
Here is an example of such potential auction paths that I share with my subscribers…
The 4 steps are…
If you know what to look for to observe these 4 steps, then understanding markets can become very easy for you… I cover these 4 steps in great detail in the course.
There is much more to this topic of trading and we cover it in great detail in the DTF Membership. So if you are curious and want to bring consistent profitability in your trading consider subscribing to our quarterly membership…
Enrol for a free masterclass on DTF Membership. You will learn all about the membership here, answers to common questions like…
Cart
