994 - Suddenly remembered

I suddenly recall a chapter in Kathy Lien's book and picked up to find it.
I got a pretty good and clear idea about how I can trade simply. She mentioned that this method is one of the most popular among fund managers.

• Use daily charts to determine overall trend. Go for those charts which are trending, rather than in a range. Lets say like the current EUR/USD, it is on an uptrend.
• The next question is like what I mentioned in the previous post. How do I enter?
• Switch to hourly charts. Buy on dips. Quite simply, when the price hits a strong resistance line, you can consider entering the trade.

Hopefully it will not be 994 for too long :P