Ten Laws of Tech Trading

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1. Map the trends. Weekly, daily, hourly charts. In that order.
2. Trade in the direction of the trend.
3. Find supports and resistances. Buy on supports and sell on resistances.
4. Use retracements. Fibo 38% and 62% are important.
5. Draw trend lines. Valid trend line should be touched at least three times.
6. Follow moving averages and crossovers.
7. Use RSI and Stochastics for overbought/oversold. RSI 50 line and stochastics 30/70.
8. Use MACD. Histograms give even earlier signals for reversals.
9. Trend or not a trend. Use ADX. ADX 20 value.
10. Rising/declining volumes and futures open interest ( OI ).