It is such an incredible blessing to have monthly candlestick charts of all the markets around the world at our disposal. It’s essentially free data which is easily organized into a visual format to help us identify the direction of the underlying trends. It doesn’t matter what your time horizon is, the monthly candlesticks offer a longer-term perspective from which to begin your analysis. From there is when you work your way down to more intermediate and shorter-term time horizons, but keeping the direction of the underlying primary trends in context.
I have a massive workbook of Monthly Candlestick charts that I review at the end of every month. I do not even open this workbook in the middle of the month. The fact that I only look at this workbook 12 times a year forces me to always come back to the primary trend, not allowing me to forget it. This exercise really helps me stay true and keeps me honest. It is easily one of the most valuable parts of my entire process.
These are some of the things that stood out to me the most:Lost Password?