in the chat room there is always a lot of talk about should we long or short or where should we go and if and...... and it usually just stays like this it is just talk.

how about getting a bit more structured. how about making a check list which would help everybody. Below is one idea how this could be done. what i would need here is your input, especially from the people who are doing the pro strategy a bit longer then the rest of us, but any input is more than welcome and important!! 

Pro trading strategy check list

1 hour chart, 15 min before the candles close

 A. Look if the candles are valid ex. Candles, use these criteria’s:

1. The tail of the ex-candle should stick out.  Nothing touches it to the left for 3-5 hrs (or compressions).

2. The ex-candle should form during a trend and be obvious at the end of that trend (or retracement).

3. It is necessary that the ex-candle bounce off a pivot (see pivot history of previous two days, as well).

4. If the exhaustion is bigger than the previous candle, it is ideal.

5. Multiple ex candles side by side strengthens the turn.

(1-5 mark sandars)

6. "Ideally the body of the exhaustion candle is within the range (high-low) of the previous candle".(stocksniper)

B.

 Look at your correlation table for the day http://www.forexticket.co.uk/en/tools/01-01-correlation

Usually for the following pairs:

 EURUSD, GBPUSD, EURJPY, AUDUSD, NZDUSD, GOLD and opposite

 USDCAD, USDCHF 

C.

1. if you found an ex candle on any of the above mentioned pairs (which’s  tail comes from a pivot), check all other pairs with regard to pivot points from the last 3 days as they will act as resistance/support.

2. look for other support and resistance lines as well

3.look for other patterns then just ex. candles, continuation patterns....

4. look for the pairs which support the ex candle set up

5. look for pairs which oppose the move

6. find out the leading pairs, the lagging ones

7. rate your trade set up, how many pros/cons

8. profit or potential stop loss levels or guaranteed profit area (will zeng)

9. take screen shoots

10. post your analyses, when a position is taken, , why it was entered, and what the targets could be as well>(emile)

Remember - post your inputs, post screenshots, discuss and share counter screen shots on why some trade will or will not work. An analysis thats jotted down and you can look back upon anytime, is a well formed analysis. (navin)

11. enter your trade

12. lets discuss it and learn about it

please do not just read it, i need your help with this!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!