Study Guide for Come Into My Trading Room - Forex Factory

QUESTIONS 145
Into My Trading Room and reread the relevant chapters before going
any further. This process will put you miles ahead of amateurs and gamblers
who jump into the market with both feet, chasing a quick buck—
and get taken out feet first. Education, record keeping, and caution are
essential for your long-term success, which is the only success worth
having in the financial markets.
Please do not try to complete all eight exercises in a single day. Give
yourself enough time to think, reflect, reread relevant chapters, and
review other charts on your screen. You can take more than a week to
work through these exercises.
Here is the recommended sequence of steps as you move through
eight trades:
1. Look at the Entry Question page, which shows two unmarked
charts—weekly and a daily.
2. Mark two or more trading messages on each chart; make an entry
decision and document it.
3. Go to the Entry Answer page for that trade and grade your entry performance.
If the grade is satisfactory (above the pass point), proceed
as directed below; otherwise, return to Come Into My Trading Room
and study the relevant chapters.
4. Go to the Exit Question page, which shows an updated unmarked
daily chart. Quickly cover it with a sheet of paper.
5. Gently move the sheet from left to right, until you uncover the vertical
arrow marking the entry into the trade; from that day onward,
move the sheet to the right very slowly, one day at a time, stopping
after you uncover each day.
6. Whenever you see an exit point, based on chart or indicator signals,
mark it; whenever you see a likely reentry point, mark it also. Most
charts have more than one exit and reentry point.
7. Once you reach the right edge of the chart, go to the Exit Answer
page and rate your performance. If the grade is satisfactory (above
the pass point), proceed as directed below; otherwise, return to
Come Into My Trading Room and study the relevant chapters.
8. Proceed to the next trade and repeat the process.