Weekly Top-Down Technical Analyses
Doing a weekly technical analysis that is top-level and analysis of pairs before each week is essential to effective, efficient and profitable trading. It assists the trader make the most of their time and invest proper time on the correct things to do when the market is in session. What pairs to trade based on well-stipulated standards, what to search for in monitoring the market and what set-ups to greatest use are eased by proper planning and preparation which is improved by a thorough top-quality technical analysis performed before the trading week, state, each Sunday.
Among the quotes I love in this respect is by Abraham Lincoln who said:
'Give me six hours to chop down a tree and I'll devote the first four sharpening the axe.'
I am starting this thread because I wish to discuss my weekly scan and analysis together with FF associates and I expect others who do such weekly scan and analysis based on a top technical technical approach will use this thread to discuss theirs with different members. But this thread isn't about any particular system and won't be used to teach traders techniques or egies.
Articles on this thread must contain significant narratives that describe the market structure, order flow context, key technical problems and significant price actions from the perspectives of the weekly, daily and 4-hourly time frames in that order. Then, proper charts to illue that the narratives must be attached covering the weekly and daily time frames. In the event the time frame helps bring insight out, or clarifies certain aspects of the narrative, that ought to be included in the attachment.
Please, do not only post charts without narratives; actually, the storyline should come first and then illued by the charts. But if your charts are illued without being confusing, the amount of storyline can be diminished but the storyline should come first.
Additionally, please do not post confusing, complied or pointless charts. The easier they are the greater.
The top-down technical analysis ought to be accomplished before the week and posted latest throughout the London open each Monday. Any mid-week update may follow any post-analysis report or update throughout the week can be done but maybe not for the intent of ridicule show-off or criticism.
Contributors into the ribbon must respect other contributors and abide by FF code of integrity. Personally, I'll endeavour to post here a week.
Once a while other items like videos, quotations, maxims and principles pertinent to top-down technical analysis can be shared if they assist boost consistent profutable trading.
Trade secure also.
KP
Need to incorporate perspective from the time frame
I am updating this post to inform readers and contributors that successful January 2017, I'll be integrating the perspective from the monthly time frame where it's relevant to do so. The time period provides a context that is huge for the weekly outlook to acquire a broader outlook, possible targets and turning points, beneficial to position and swing traders. It might not be necessary to acquire the monthly perspective in all instances but when such a viewpoint is likely to make the analysis stronger or clarify certain areas of price action that might not be captured effectively on the weekly time period, the prognosis from the monthly time period is going to be incorporated.
Trade safe and prosper.
KP
January 1, 2017
