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® “Home-Study Course” Study Manual     Page 174

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Considerations When Choosing Time Frames
              And Markets To Trade

 Market Cycles
 Volatility
 Liquidity
 Trading Account Value
 Market price

Knowing when and how to change time frames is not easy and it may
take you some time to develop this skill.

                        Determine Market Cycle

When using the ART® “Charting Software”, look to see if the time
frame you are considering is currently:

   1. In a trend
   2. In a consolidation
   3. Just breaking-out of a consolidation
   4. In a correction

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