{"id":20683,"date":"2023-03-13T07:30:57","date_gmt":"2023-03-13T11:30:57","guid":{"rendered":""},"modified":"2023-03-13T07:30:57","modified_gmt":"2023-03-13T11:30:57","slug":"target-this-market-phase-to-watch-your-gains-pile-up","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/target-this-market-phase-to-watch-your-gains-pile-up\/","title":{"rendered":"Target This Market Phase to Watch Your Gains Pile Up"},"content":{"rendered":"

On March 9<\/a>, I discussed how embracing the right learning approach is what sets most successful traders apart from the rest.<\/p>\n

But for long-term trading success, it’s also important to have a highly detailed and structured trading plan<\/a>.<\/p>\n

So today, I’ll reveal the foundation every good trading plan needs. It involves identifying the current phase of market behavior as either “impulsive” or “corrective.”<\/p>\n

Let’s start with a look at the impulsive phase…<\/p>\n

Powerful Surges of Price Action<\/h2>\n

During impulsive market behaviour, you’ll notice a powerful surge of either buying or selling pressure. The market breaks new ground by making new highs or lows.<\/p>\n

For example, the 2021 melt-up in stocks is a great example of bullish impulsive price action. And the November 2022 sell-off in cryptocurrencies is a bearish example.<\/p>\n

Now let’s look at another example in Tesla (TSLA) on the price chart below…<\/p>\n

<\/p>\n

\"Image\"<\/p>\n

Notice how the market made a series of new lows. From April to May 2022, TSLA steadily sold off from $384 to around $221.<\/p>\n

Whenever the market broke through support (red lines), the sell-off picked up steam. You can see the sections of impulsive price action each time the sell-off accelerated.<\/p>\n

<\/p>\n

\n
\n

Free Trading Resources<\/strong><\/p>\n

Have you checked out Jeff’s free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career \u2013 at zero cost to you. Just click here<\/a> to check it out.<\/p>\n<\/p><\/div>\n<\/div>\n

<\/p>\n

Here’s another example in Bitcoin (BTC)…<\/p>\n

<\/p>\n

\"Image\"<\/p>\n

Between March and December 2020, BTC experienced an impressive rally.<\/p>\n

Notice how prices accelerated higher each time a resistance level (red lines) was broken. This is an example of bullish impulsive behaviour.<\/p>\n

Impulsive price action is the kind of move you want to capture as a trader. If you get in early on a developing impulsive phase, you’ll see your gains pile up in short order. These are the “big moves” everyone is afraid of missing out on.<\/p>\n

As a rule, I only trade for impulsive moves in the market. I avoid the other choppy, sideways moves like the plague.<\/p>\n

Once price action isn’t moving in an impulsive manner, that’s my cue to get out of the trade.<\/p>\n

It’s crucial to know how to identify the kind of market action you want to target… and avoid.<\/p>\n

That’s why on Thursday, I’m going to discuss corrective price action – the opposite of the impulse.<\/p>\n

More importantly, I’ll show you how to take advantage of both phases of the market for big gains.<\/p>\n

Happy trading,<\/p>\n

Imre Gams
Analyst, Market Minute<\/em><\/p>\n

Reader Mailbag<\/h2>\n

In today’s mailbag, Currency Trader<\/em><\/a> members thank Imre for his forex service…<\/p>\n

\n

Hey Imre, I’m enjoying your videos and recommendations very much. Keep up the great work.<\/p>\n

– Ed M.<\/strong><\/p>\n<\/blockquote>\n

\n

Imre, thanks for the excellent trading service. Keep up the great work!<\/p>\n

– Jeffrey M.<\/strong><\/p>\n<\/blockquote>\n

Thank you, as always, for your thoughtful comments. We look forward to reading them every day. Keep them coming at feedback@jeffclarktrader.com<\/a>.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Impulsive price action is the kind of move you want to capture as a trader\u2026<\/p>\n","protected":false},"author":55,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"service":"","footnotes":""},"categories":[1],"tags":[],"publication":[10],"person":[76],"newsletter-type":[],"ticker":[],"class_list":["post-20683","post","type-post","status-publish","format-standard","hentry","category-market-minute","publication-market-minute","person-imre-gams"],"acf":[],"_links":{"self":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/20683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/comments?post=20683"}],"version-history":[{"count":0,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/20683\/revisions"}],"wp:attachment":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/media?parent=20683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/categories?post=20683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/tags?post=20683"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/publication?post=20683"},{"taxonomy":"person","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/person?post=20683"},{"taxonomy":"newsletter-type","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/newsletter-type?post=20683"},{"taxonomy":"ticker","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/ticker?post=20683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}