TIMFRAME:
- [ ] Weekly >> 4HR >> 15 MINS
- [ ] Daily >> 1HR >> 5 MINS
SETUPS
-
[ ] HTF PDA ( Mark PnD RANGE & identify all PDAs )
MITIGATION + CISD + MMXM (MCM)
- Wait for PDA Mitigation & CISD
- Pair WEEKLY PROFILE with **** Time & Price
- Pair DAILY PROFILE with KILLZONE
-
[ ] TGIF (Only If LOW or HOW is formed on Monday or Tuesday )
MANIPULATION + CISD
- Wait for a Sweep of PDL or PDH & CISD
- Pair Time & Price with DAILY PROFILE
- Look for entry signatures during KILLZONES
-
[ ] CONSOLIDATION ( Mark 4HR High & Low )
4HR ERL (SWINGS) + CISD + MMXM
- Wait for Price to engage either side of the RANGE
- If CISD is confirmed on 1hr - 15mins, Pair WEEKLY PROFILE with Time & Price
- DAILY PROFILE for entry during KILLZONES
CHECKLIST BEFORE ENTERING A POSITION
-
[ ] Is the price at HTF PDA?
- [ ] YES: Wait for setup & calculate risk.
- [ ] NO: Avoid
-
[ ] Is the setup valid?
- [ ] YES: Refine entry
- [ ] NO: Avoid
-
[ ] Has my entry been triggered?
- [ ] YES: Manage trade
- [ ] NO: Wait
-
[ ] Has price reached its objective (target, DOL) ?
- [ ] YES: Close trade or Order
- [ ] NO: Evaluate Order & Wait
TRADE MANAGEMENT
<aside>
💡 PROFIT TARGET
- 3RR (or LHF inside PDAs)
</aside>
<aside>
💡 TRADE EXIT
- 50% position at 2RR & move SL to BE
- SL lock in Profit at 3RR and trail stop above 3RR
- Exit an open intraday position before a HIGH IMPACT NEWS
- Do not adjust stop-loss after entry.
</aside>
<aside>
💡 RISK MANAGEMENT
- Risk 0.5% per trade AT or BELOW Break Even
- Only 2 TRADES PER DAY.
- Above BE, risk 1% Per Trade
- After a loss above BE, Cut risk by half
</aside>
<aside>
💡 REASONS TO CANCEL A TRADE
- Consecutive candle displacement towards entry
- Price consolidating at point of entry
- Fundamental DATA release or Global impact
</aside>
<aside>
💡 EMOTIONAL MANAGEMENT
- I will avoid trading when I am distracted or unmotivated.
- will avoid trading when I haven’t had a good rest
- Avoid trading on an empty stomach
</aside>