10 Technical Trading Rules for Consistent Success
1. Trade with the trend - Start with the weekly chart, then zoom in on daily/hourly.
2. Buy the dips in bullish markets, short the rallies in bearish markets.
3. Support/resistance often holds - but early breakouts tend to fail.
4. More tests = higher chance of breakout, and levels often reverse roles.
5. Trend lines are your guide - draw from left to right across higher highs or lower lows.
6. Chart patterns = visual signals of potential breakouts.
7. Use moving averages for entries, exits, and trailing stops.
8. Combine MAs with RSIs for better profit-taking on stretched moves.
9. 52-week/all-time highs are bullish, lows are bearish.
10. Above the 200-day MA = bullish trend, below = danger zone.
Price action rather than prediction. Discipline beats opinion.#StrategicTrading