Trading Consultants Inc  Monthly Planning Review for February

Trading Consultants Inc begins each month with each trader Jake Jon and I and occasionally Adam and Rick doing their own chart work that begins with the 8 step process we show here.

Step 1 Determine direction from Monthly Line chart …..

There are 4 answers up down range or unsure If unsure we do not trade that pair for the month.
There are 4 answers up down range or unsure If unsure we do not trade that pair for the month.

Step 2  Examine Monthly candle chart for PA

Here we take the same chart and begin to seek PA  Price action ( candle patterns with any chart thru H4
Here we take the same chart and  seek PA Price action ( candle pattern)

Step 3 Repeat steps 1 and 2 for weekly chart

here we repeat steps 1 and 2 for weekly charts
Here we repeat step 1
Here we find both direction  and Price Action
Here we repeat step 2 and find both direction and Price Action. Ready to go for the week ……

Step 5 & 6 and 7 & 8 are repetitions of steps 1 and 2 for the daily and H4 Timeframes.

This is completed for every pair and CFD our broker offers for trading via Forex So no Futures hassles no commodities weird names.

After this we have a listing of pairs eligible for our traders to consider and trade with PA and zone from H4 through Monthly Trading Monthly PA is not recommended for traders using margin as the zones are deep and reaction very broad.

Now here are the pairs for February 2017

This slideshow requires JavaScript.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s