12 Technical Trading Commandments

12 Technical Trading Commandments

  1. Buy the first pullback after a new high. Sell the first rally after a new low.
  2. Afternoon strength or weakness should have follow through the next day.
  3. The best trading reversals occur in the morning, not the afternoon.
  4. The larger the market gaps, the greater the odds of continuation and a trend.
  5. The way the market trades around the previous day’s high or low is a good indicator of the market’s technical strength or weakness.
  6. The previous day’s high and low are two very important......
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