Big Yin falls counter-trend short Defend the previous low and go Long Big Yang stretches and go long with the trend Defend the previous high and go Short Chase rising prices when breaking new highs Chase short when breaking the previous low Beware of flash jumps when chasing rising prices Beware of explosive pulls when chasing short Defending means setting a stop loss Always set a stop loss when opening a position There is no permanent market.
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Mnemonic
Big Yin falls counter-trend short
Defend the previous low and go Long
Big Yang stretches and go long with the trend
Defend the previous high and go Short
Chase rising prices when breaking new highs
Chase short when breaking the previous low
Beware of flash jumps when chasing rising prices
Beware of explosive pulls when chasing short
Defending means setting a stop loss
Always set a stop loss when opening a position
There is no permanent market.