Thursday, April 22, 2021

UOB - Unstoppable Ongoing Bounce

Uptrend usually will keep going as long as there are no major reversal which break the important support line.

Any down setups or weaknesses are minor correction and the major uptrend are not broken.

As every technical trader will says, you still need to watch it daily like a hawk for any sudden change of market sentiments.


Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

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