Trading Plan: Only using daily charts for forex and commodities trading

4 Simple Rules (vise versa for shorts):

• Go long above prior day high (target range extension = Current Day Low + Prior Day Range)
  
• Go long if we open below 50% of prior days range and then go above 50% of prior days range (target prior open price)
• Go long if we open below prior days low and trade again above prior days closing price (target above prior day high or market close)
• Go long if we open below prior days low minus prior days range (oversold) (target prior days low)