1 / 30

Trade Plan Checklists

Trade Plan Checklists. RULE #1. Rule Number One of trading success is the preservation of trading capital and the minimization of risk at ALL times and as always when probability of success isn't in our favor it is a NO TRADE situation.

peyton
Download Presentation

Trade Plan Checklists

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Trade Plan Checklists

  2. RULE #1 Rule Number One of trading success is the preservation of trading capital and the minimization of risk at ALL times and as always when probability of success isn't in our favor it is a NO TRADE situation. The above represents a very real probability of an unstable trading environment in the next few days REMINDER: There will be NO trade analysis for Thursday 13th March and trade will resume again on Friday 14th of March as per usual with session one trade analysis. We will however continue to monitor markets and if a suitable trade arises during early trade in either session we will issue a trade alert with details via our mastermind group located below:

  3. Did I follow the Trade Entry Rules? • Rule #1 Identify the current market position relative to the previous market activity • Rule #2 Identify probable BUY/SELL entry bar

  4. Did I follow entry and expiry times? • We place a trade on the hour or the half hour and only when we have 10 or more minutes left in the trade • :00 on the hour • :30 on the half hour

  5. Did I follow 7 Pillars?

  6. Rule #1: Identify the current market position relative to the previous market activity 5 minute 15 minute 1 hour

  7. RULE 1: Prices are not near longer term resistance

  8. RULE 1: a) Prices are not near longer term support

  9. Support & Resistance Support Resistance

  10. RULE 1: Prices are not in congestion Congestion

  11. RULE 1: b) Prices are not in congestion Congestion

  12. RULE 1: Prices are not overextended Over extended

  13. RULE 1: c) Prices are not over extended

  14. RULE 1: Prices are not near previous days high (Futures)

  15. RULE 1: d) Prices are not near previous days lows (Futures)

  16. RULE 1: Check for reports and announcements

  17. RULE 1: Check for holidays/weekends

  18. RULE 1: Is the price activity true or false True activity True activity False activity

  19. RULE 1: Is the price activity true or false True activity False activity

  20. RULE #2: Identify probable buy entry bar • Direction: Primary trend turns up • Pressure: The swing low caused by the Primary Indicator is higher than either of the previous two swing lows

  21. RULE 2: Identify probable sell entry bar • Direction: Primary trend turns down • Pressure: The swing high high caused by the Primary Indicator is Lower than either of the previous two swing highs

  22. RULE #2: Identify probable buy entry bar b) Direction: Primary trend is up Pressure: The Secondary indicator swings down and then back up in the same direction as the Primary Trend

  23. RULE 2: Identify probable sell entry bar b) Direction: Primary trend is down Pressure: The Secondary indicator swings up and then back down in the same direction as the Primary Trend

  24. RULE #2: Identify probable buy entry bar c) Direction: Primary trend turns up Pressure: The Secondary trend swings down and then swings up before or with the Primary signal. The Secondary swing low must be higher than or equal to the previous Secondary swing low

  25. RULE 2: Identify probable sell entry bar c) Direction: Primary trend turns up Pressure: The Secondary trend swings up and then swings down before or with the Primary signal. The Secondary swing high must be lower than or equal to the previous Secondary swing high

  26. RULE #2: Identify probable buy entry bar d) Direction: The Moving Average Slope is up Pressure: The Secondary trend swings down and then back up in the same direction as the M/A slope

  27. RULE 2: Identify probable sell entry bar d) Direction: The Moving Average Slope is down Pressure: The Secondary trend swings up and then back down in the same direction as the M/A slope

More Related