In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or sell.
Ed SeykotaThe key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.
Ed SeykotaI think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.
Ed SeykotaTrend following is an exercise in observing and responding to the ever-present moment of now
Ed Seykota