Trading Plan & Re-Entry Plan

  1. Check the Economic Calendar
  2. Look at the Daily Time Frame for TFC
    1. Ex. If the Daily is Bearish, I’m looking for Bearish setups on the LTF
    2. Aka “If price is below the open, I’m looking to go short. If it’s above the open I’m long”
  3. Look at the Hourly Time Frame to be in line with the Daily
    1. If the Hourly doesn’t line up with the daily, I wait until it is
  4. Look for an Actionable Signal on the 15m and 30m TF
  5. Mark Entries & Targets on the 15m and/or 30m Time Frame
  6. Stop Loss: Top of the candle on the 15m/30m
    1. Move it to another previous low/high on the 15m/30m TF that I enter on
    2. OR Drop down to the 5m TF ONLY if my risk is too big
  7. When price hits a PT1 on the 15m, trail your SL to the BE and take profit

Simplified Plan & Re-Entry Plan

  1. Check the Economic Calendar
  2. Daily Candles = Use to confirm trend
  3. 1H Candles = Align with the Daily + Combos, Entries, & Targets
  4. 15m/30m = Entry & Stop Loss
  5. 5m = Refinement

Trade Reversal Plan

  1. Entry that goes scenario 2 and then fails
  2. Set your stop loss for the closed failed candle at the high
  3. Set your new trade entry where you have the stop loss for the current trade
  4. Reverse the position

Trading Rules