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Last modified by Drunk Monkey on 2022-12-28 09:56
From version 12.4
edited by Drunk Monkey
on 2020-09-08 15:45
Change comment: Update document after refactoring.
To version 12.5
edited by Drunk Monkey
on 2020-09-09 16:16
Change comment: There is no comment for this version

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84 84  you will lose trades - doesn't matter.  Focus on the re-occurring setups
85 85  
86 86  1. Where do steady setups form?  Focus first on the following because everything else is a distraction.  If you understand how prices flow around these various areas, you will always be able to find setups that will lead to profitable trading.
87 +\\There are 4 areas that we need to examine:
87 87  11. Monthly Highs & Lows
89 +11. Weekly Highs & Lows
90 +11. Daily Highs & Lows
91 +11. Session Highs & Lows
92 +1. In detail:
93 +11. Monthly Highs & Lows
88 88  11*. Look at the last 3 months - mark out the high and the low and then study how the market reacts around it.  Ignore standard support and resistance crap because that will lead to loss.
89 89  11*. Example marked out - daily GBPUSD Apr 7 2020 to July 27 2020:
90 90  [[image:Screenshot 2020-08-07 at 02.54.45.png]]