Guideline 54. Decide on the always-in direction and trade only in that direction until it changes

Guideline 53

Guideline 55

Every bar and every series of bars is either a trend or a trading range. Pick one. Decide on the always-in direction and trade only in that direction until it changes. Throughout the day and especially around 8:30 a.m. PST, you need to be deciding whether the day resembles any trend pattern described in these books. If it does and you are looking to take any trade, you must take every with-trend trade. Never consider taking a counter-trend trade if you haven’t been taking all of the with-trend trades.

➟ More about PST