Given this bullish context, we should not take a short trade simply because of
the rigid trading rules.
While you need not have
rigid trading rules, you should have valid reasons for taking each trade.
Not exact matches
Many editors suspect their readers are bored
rigid by it, after so many consecutive months of talk about country of origin checks and
trade rules and the like.
Whereas many
trading systems are
rigid and make you stick to a strict set of
rules or conditions, price action analysis gives you more of a «framework» to work off of when analyzing the markets and this framework can be used to
trade any market condition as well as adapt to changing market conditions.
It also means that your
trading rules are not
rigid.
However, unless you
trade with
rigid rules, your
trading edge stems from something beyond the visuals.
It could, as Michael A. Livermore has argued, work with states to create a cap - and -
trade system for greenhouse gases, which would, in theory, give polluters more flexibility to cut their emissions (rather than having every facility have to conform to the same
rigid set of
rules).