Generally how I set up my trading plans.
I found that having too many levels can cripple your trading and have you in analysis paralysis.
To prevent this, I set up trades that have confluence.
I am unbiased on which way the market is headed, I just wait for price to hit my levels of interest.
I do not watch the news and do not pay attention to DXY or see how...
Great example of using the daily chart to find major levels, 10m (or your preferred shorter time frame to find intermediary levels) and then a low time frame to pinpoint your entry.
I wish I traded this one better - I took it off way to soon but the market has just not given me follow through past my first target this week except for one big trade I had in AAPL...
