DIR Return Create A Forum - Home
       ---------------------------------------------------------
       profxvictory
  HTML https://profxvictory.createaforum.com
       ---------------------------------------------------------
       *****************************************************
   DIR Return to: General Discussion
       *****************************************************
       #Post#: 50--------------------------------------------------
       The Trading Rules
   DIR By: fxvictory
       Date: September 16, 2014, 6:31 am
       ---------------------------------------------------------
       The trading rules by Aleksandr Yermachenko (aka ataman).
       Forget the news, remember the chart. You’re not smart enough to
       know how news will affect price. The chart already knows the
       news is coming.
       Buy the first pullback from a new high. Sell the first pullback
       from a new low. There’s always a crowd that missed the first
       boat.
       Buy at support, sell at resistance. Everyone sees the same thing
       and they’re all just waiting to jump in the pool.
       Short rallies not sell-offs. When markets drop, shorts finally
       turn a profit and get ready to cover.
       Don’t buy up into a major moving average or sell down into one.
       See #3.
       Don’t chase momentum if you can’t find the exit. Assume the
       market will reverse the minute you get in. If it’s a long way to
       the door, you’re in big trouble.
       Exhaustion gaps get filled. Breakaway and continuation gaps
       don’t. The old traders’ wisdom is a lie. Trade in the direction
       of gap support whenever you can.
       Trends test the point of least support/resistance. Enter here
       even if it hurts.
       Trade with the TICK not against it. Don’t be a hero. Go with the
       money flow.
       If you have to look, it isn’t there. Forget your college degree,
       trust the money flow.
       Sell the second high, buy the second low. After sharp pullbacks,
       the first test of any high or low always runs into resistance.
       Look for the break on the third or fourth try.
       The trend is your friend in the last hour. As volume cranks up
       at 3:00PM don’t expect anyone to change the channel.
       Avoid buying at the open except when the Market falls before the
       open. They see YOU coming sucker.
       1-2-3-Drop-Up. Look for downtrends to reverse after a top, two
       lower highs and a double bottom.
       Bulls live above the 200 day, bears live below. Sellers eat up
       rallies below this key moving average line and buyers come to
       the rescue above it.
       Price has memory. What did price do the last time it hit a
       certain level? Chances are it will do it again.
       Big volumes kill moves. Climax blow-offs take both buyers and
       sellers out of the market and lead to sideways action.
       Trends never turn on a dime. Reversals build slowly. The first
       sharp dip always finds buyers and the first sharp rise always
       finds sellers.
       Bottoms take longer to form than tops. Greed acts more quickly
       than fear and causes stocks to drop from their own weight.
       Beat the crowd in and out the door. You have to take their money
       before they take yours, period.
       ???
       *****************************************************
       Page 1 of 1