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. Update to the open month review is typically done again mid month to confirm the pairs we intended to trade are still candidates. We began the month with 14 pairs plus Dollar index as available to trade based on our ability to answer the question about direction. Results are as follows :

Equity Curve Feb 1 thru Feb 14th
Equity Curve Feb 1 thru Feb 14th

 

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.

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

Step 3 Repeat steps 1 and 2 for weekly chart

here we repeat steps 1 and 2 for weekly charts

Here we find both direction  and Price Action

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

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