Survey
focus on significant moves
observe beginning and end of move
one survey for move start, one for end
looking for clues to indicate move start/end
gather observations
do not try to interpret indicators
record all data for all indicator readings
mechanical process
no thinking
objective
unbiased
collect raw data only
ignore traditional indicator interpretations
types of entry moves
sprinter short-burst breakout
marathoner steady trending breakout
data entry
start with hand-filled paper survey
determine if any modifications needed
electronic form direct to database
types of exit moves
definitive exits
loss of momentum clues
post-analysis
find statistical correlations
classify correlations with type of move
use data to develop trade rules for high-probability success
chart setup
visibly mark trading time windows
prerequisites
one currency pair at a time
identify trading time window(s)
plan to collect data on hundreds of moves