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edited by Drunk Monkey
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edited by Drunk Monkey
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1 -Forex.The-Inner-Circle-Trader.WebHome
1 +Forex.The Inner Circle Trader.WebHome
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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:
88 88  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
94 94  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.
95 95  11*. Example marked out - daily GBPUSD Apr 7 2020 to July 27 2020:
96 96  [[image:Screenshot 2020-08-07 at 02.54.45.png]]
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98 98  11*. Mark out the monthlies and extend it out into the future.
99 99  11*. What's happening and is happening as it reacts around that price level?  Is price heading for an old monthly high?  Low?  Where is it aiming?  Has it recently gone below an old low? and rallying up? If so, it's probably just ran stops.  If it ran sell stops, then it'll probably run for the old monthly highs.
100 100  11. Weekly Highs & Lows
101 -11*. 4 hour chart with the weekly and the monthly highs and lows marked out.
102 -[[image:Screenshot 2020-08-07 at 03.22.01.jpg]]
103 -we are umore comments here
104 -11*. We are using different colors to mark the highs and lows. (blue, high, red, low) as well as using different widths to differentiate between the monthly and the weekly points of interest
105 -11*. placeholder
106 -11. Daily Highs & Lows 
107 -11*. 60M chart
108 -11*. asdf
95 +11*. chart with the weekly and the monthly highs and lows marked out.
96 +
97 +11. Daily Highs & Lows
109 109  11. Session Highs & Lows
110 -11. Notes:
111 -11*. Look at this chart here, 60m time frame, lows where the arrow is
112 -[[image:Screenshot 2020-08-07 at 03.50.09.jpg]]
113 -11*.
114 -11.
115 115  1. sdfgsdgf
116 116  
117 117  == {{id name="Part3"/}}Part 3 - How Would I Practice ==
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