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If there is consolidation or any other non committal movement on the minor trend, then I will stay out of trading until a trend presents itself. I will use western technical analysis DailyFX resistance/support, Moving Averages to get a general feel of which direction the market is going and eastern technical analysis to time my entry and exit points. Although technical analysis is the basis for my trading, if there is fundamental information that comes out that clearly swings the market against the trend I will go with the strength of the reaction towards the fundamental data. 1. The first step I will take is to determine whether the short term trend is bullish or bearish2. I will check to see if there are any key psychological numbers and support/resistance points in the near future3.

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