1) Develop Price Bias
2) Trade directionally with Price Bias
3) Never enter countertrend trades, susceptible to gaps against position.
4) Get out at predefined loss, never let anything go 100 pips against you.
5) Enter directionally on a countertrend point to obtain the best risk/reward ratio.
6) Maintain winning position till it hits significant technical resistance/support level, based on wave analysis.
7) Never abandon a position( Don't step away from trade platform with open position)
8) Never carry position overnight when sleeping unless position trading.
9) Never go into a number with a open position
Some rules..of the trade.
2) Trade directionally with Price Bias
3) Never enter countertrend trades, susceptible to gaps against position.
4) Get out at predefined loss, never let anything go 100 pips against you.
5) Enter directionally on a countertrend point to obtain the best risk/reward ratio.
6) Maintain winning position till it hits significant technical resistance/support level, based on wave analysis.
7) Never abandon a position( Don't step away from trade platform with open position)
8) Never carry position overnight when sleeping unless position trading.
9) Never go into a number with a open position
Some rules..of the trade.
Price is the only indicator.