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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 -\\The open/high/low/close for a period needs to be focused on.  
94 -11. Monthly Highs & Lows
95 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"]]
89 +11*. Example marked out - daily GBPUSD Apr 7 2020 to July 27 2020:
90 +[[image:Screenshot 2020-08-07 at 02.54.45.png]]
98 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 99  11*. Mark out the monthlies and extend it out into the future.
100 100  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.
101 101  11. Weekly Highs & Lows
102 -11*. 4 hour chart with the weekly and the monthly highs and lows marked out.
95 +11*. chart with the weekly and the monthly highs and lows marked out.
103 103  [[image:Screenshot 2020-08-07 at 03.22.01.jpg]]
104 104  we are umore comments here
105 105  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
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109 109  11*. asdf
110 110  11. Session Highs & Lows
111 111  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.
116 116  1. sdfgsdgf
117 117  
118 118  == {{id name="Part3"/}}Part 3 - How Would I Practice ==
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