Trading Bus
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To me trading is like a bus and trader is a passenger
do not ride the bus until it take a direction, once the bus with the right direction will lead you to a profitable destination
The direction of the bus can be determine with the help of your trusted indicators,
I am using the following
Support as a stop where i have to get ready to get on the bus for a long position once this criterai is met i will look for trend line breakup, RSI 50 level cross up word price moment up in the bollinger bands most favorably the center line of the bollinger band.
I will be riding the bus until the resistance is applied,trend line is broken and RSI 50 Level is crossed downward. and for short position the reverse is true.
Please comment.