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Last modified by Drunk Monkey on 2022-12-28 09:56
From version 13.1
edited by Drunk Monkey
on 2020-09-09 16:21
Change comment: Uploaded new attachment "02-hwis-01.png", version {1}
To version 13.2
edited by Drunk Monkey
on 2020-09-09 16:25
Change comment: There is no comment for this version

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90 90  11. Daily Highs & Lows
91 91  11. Session Highs & Lows
92 92  1. In detail:
93 +\\The open/high/low/close for a period needs to be focused on.  
93 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 -11*. Example marked out - daily GBPUSD Apr 7 2020 to July 27 2020:
96 -[[image:Screenshot 2020-08-07 at 02.54.45.png]]
96 +11*. Example marked out - daily GBPUSD Apr 1 2020 to July 10 2020:
97 +[[image:02-hwis-01.png||alt="Screenshot 2020-08-07 at 02.54.45.png"]]
97 97  11*. What are you looking for?  Focus on price, the open, high, low and close of any interval.  The intervals are the monthly, weekly, daily, sessions
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.