Trading Consultants Inc Monthly Planning Review for July
Trading Consultants Inc begins each month , 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 …..
Step 2 Examine Monthly candle chart for PA
Step 3 Repeat steps 1 and 2 for weekly chart
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. We review existing positions for action during the following month.
We have shown with earlier blog posts each and every pair for a monthly review. Going forward we will simply highlight some key charts .
Now here are the pairs for April 2017 and the controlling PA chart