ST FOREX@MORE Anchor Chart Tutorial: The Anchor chart is used as a filtering tool to ensure that when we take a trade we are trading in the same direction as the long-term- trend and are not trading into any major support & resistance levels in our way. Who: e Everyone uses multiple timeframes to increase the odds of success in their trading. What: ¢ Slower timeframe e Fractal of your entry chart e 6-18 mos of market data (intra-day) © Chart Template = ANCHOREST FOREX@ORE Where: © Part of your trading workspace in NT When: e First chart you use is your anchor e Locate the directional trend e Locate major support & resistance e Locate set-ups e Review this throughout the day Why: e@ When you trade with the trend you have more success in the long termEST FOREX@ORE e We need to know the major support & resistance levels that may get in our way of hitting our profit-targets on our entry chart e We need a way to find a set-up to tell us where to look for an entry