Principals of Trading

The more timeframes (1-min, 5-min, 1-hr, etc.) a significant level aligns on, the more significant that level is.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

It's HARD to get in at good prices

&

EASY to get in at bad prices

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

Volume is the biggest "tell".

A big move with big volume is the best indication of direction.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

The shorter the timeframe, the more difficult it is to trade.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

Only trade the timeframe that makes sense.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

Prices compress before they express their direction.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

Trade the trend by getting in on pullbacks once the trend has been well established.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

A legitimate support/resistance level will reject the price swiftly.

Long tails up/down with a dramatic snap back from the level.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

Stocks only do two things:

1) Trend

2) Consolidate

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

Sell into strength

&

Buy into weakness

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

The most obvious setups are the best setups.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

Prices often don't bounce/reject down to the cent.

It's often a prize "zone".

So each support/resistance level trade has to be given some "room" to prevent getting wicked out.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

The long term price direction matters.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

Only trade based on closed candles.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

Let the price reveal it's direction, then wait for an intelligent spot to enter the trade.

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp