- What is the direction of the major trend?
- What is the direction of the intermediate trend?
- What is the direction of the minor trend?
- Where are the important support and resistance levels?
- Where are the important trendlines and channels?
- Where are the 33%, 50% and 66% retracements?
- Is volume confirming the price action?
- Are there any price gaps and what type are they?
- Do you see any major reversal patterns?
- Do you see any continuation patterns?
- Measure the price objectives of those patterns.
- Which way are the moving averages pointing?
- Are the oscillators overbought or oversold?
- Are there any divergences on the oscillators?
- Are contrary opinion numbers showing any extremes?
- Look for cycle tops or bottoms.
- Any visible candlestick pattern?
TRADE
- Which way will this market trend over the next several months?
- Am I going to buy or sell this market?
- Where will I enter the market?
- Where will I place my stop?
- How much am I prepared to risk if I'm wrong?
- How many units will I trade?
- What is my profit objective?
- What type of order will I use?
