Recommended Trading Environment: Prior to fundamental market event or when used prior to open of major financial market
Rules for a long trade (rules for short trade are opposite):
1. Identify a channel on intraday or daily chart; the price should be contained within a narrow range 2. Enter long as the price breaks above the upper channel line 3. Place a stop just under the upper channel line 4. Trail your stop higher as the price moves in your favor
