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1 -Forex.The-Inner-Circle-Trader.WebHome
1 +Forex.The Inner Circle Trader.WebHome
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34 34  - Retail logic is designed to make you fail, so why buy them?
35 35  11. Stop Wasting Money On Books
36 36  - They don't have the secret.  Good books? Consider (need to check all these references)
37 -111. For money management, everything from Ralph Vince and Ryan Jones, they do a lot of "optimal f and kelly criterion" (check, not sure what this is) - advanced topic
38 -111. //How I Made One Million Last Year Trading Commodities// (1973) by Larry Williams -  most of which is still relevant - teaches about smart money and how it influences the market.  Advanced techniques
39 -111. //Trading for a Living: Psychology, Trading Tactics, Money Management// (1993) by Alexander Elder
37 +111. For money management, everything from Ralph Vince and Ryan Jones, the do a lot of "optimal f and kelly criterion" (check, not sure what this is) - advanced topic
38 +111. "How Many Million Dollars Trading Commodities Last Year" a 70's book from Larry Williams, most of which is still relevant - teaches about smart money and how it influences the market
39 +111. Trading for A Living by Al * Elder
40 40  111. Market Wizards 1 and 2 just for inspiration
41 -111. //Street Smarts: High Probability Short-Term Trading Strategies// (1996) by Linda Bradford Raschke and Laurence A. Connors
42 -111. //Technical Analysis of the Financial Markets// (1999) by John J. Murphy - Retail Traders bible - do the opposite of this and you will find the charts more fun to watch because of the high degree of failing.
41 +111. Street Smarts by Linda ?Rash and Larry Conners
42 +111. Technical Analysis of Financial Markets - John Murphy - Retail Traders bible - do the opposite of this and you will find the charts more fun to watch because of the high degree of failing.
43 43  11. Avoid Looking for Hot Hand Gurus
44 44  - you won't make money doing this.  At best, you'll become codependent instead of a thinking trader
45 45  11. Become Your Own Signal Generator
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79 79  
80 80  == {{id name="Part2"/}}Part 2 - How Would I Study ==
81 81  
82 -(this video should be viewed multiple times)
82 +* blah
83 83  
84 -you will lose trades - doesn't matter.  Focus on the re-occurring setups
85 -
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 -11. Monthly Highs & Lows
89 -11. Weekly Highs & Lows
90 -11. Daily Highs & Lows
91 -11. Session Highs & Lows
92 -1. In detail:
93 -\\The open/high/low/close for a period needs to be focused on.  
94 -11. Monthly Highs & Lows
95 -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.
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"]]
98 -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
99 -11*. Mark out the monthlies and extend it out into the future.
100 -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.
101 -11. Weekly Highs & Lows
102 -11*. 4 hour chart with the weekly and the monthly highs and lows marked out.
103 -[[image:Screenshot 2020-08-07 at 03.22.01.jpg]]
104 -we are umore comments here
105 -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
106 -11*. placeholder
107 -11. Daily Highs & Lows 
108 -11*. 60M chart
109 -11*. asdf
110 -11. Session Highs & Lows
111 -11. Notes:
112 -11*. Look at this chart here, 60m time frame, lows where the arrow is
113 -[[image:Screenshot 2020-08-07 at 03.50.09.jpg]]
114 -11*.
115 -11.
116 -1. sdfgsdgf
117 -
118 118  == {{id name="Part3"/}}Part 3 - How Would I Practice ==
119 119  
120 120  * blah
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