Long Side:
Look for a break out with good volume and partner with GREEN lights
Break out defined:
http://www.investopedia.com/terms/b/breakout.asp
Short Side:
Partner the resistance level with RED ligts
Resistance defined:
http://www.investopedia.com/terms/r/resistance.asp
Regarding trade plans and/or strategies...
Make sure you are automating YOUR trade plan...
1. Look at the charts
2. Ask yourself "When would I make the trade?" and build it
3. Create an exit that YOU are comfortable with
4. Turn off your computer
If you are spending more then 30 - 60 minutes a day with your software... YOU ARE DOING IT WRONG
Is Great Britain going to move from the Pound to the Euro?
http://www.breitbart.com/article.php?id=081130204959.yq2a770m&show_article=1
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