Trading plan 16 september
Trade heeft op zijn minst 3 confluences nodig:
| Confluence | Punten |
|---|---|
| Trendline broken | 1 |
| Respecting EMA | 1 |
| Quasimodo | 5 |
| Double bottom | 3 |
| Double top | 3 |
| Met de 5 min HTF mee | 5 |
| s/d zones | 0 |
| Fibonacci | 0 |
| placeholder | 0 |
#1
14 sept 7:40
Ondanks tegen de trend in, toch een A trade vanwege de vele confluences.
#2
Entry
14 sept 8:37
5min TF
#3
Entry
5min TF:
#4
Entry:
14 sept 12:09
5 min TF
#5
Entry - 14 sept 13:12
#6
Entry - 14 sept 15:43
#7
Entry - 14 sept 16:28
5min HTF
#8
Entry - 15 sep 7:48
5min TF
#9
5min TF
#10
Entry - 15 sept 09:47
#11
Entry - 15 sept 14:15
5min HTF
#12
Entry - 15 sept 15:58
5min HTF
#13
Entry - 11 mrt '16 8:33
#14
Trading plan juli 2017 v1
Valid entries
- Between 07:00 and 20:00
- When there are 2 consecutive MB's in the same direction
- When the first MB fails, it is valid to use the below one in an up trend
- When the first MB fails, it is valid to use the above one in a down trend
Entry depends on the height of the MB
- small / medium can be at the top or at 25%
- medium / large can be at 50%
- large at 75% or candlestick
- max SL = 0.3%
BE Criteria
- 70% in TP
- 1st CHL
- when around 50% in TP and HL fails to create a HH. A HL is a pullback with using the pullback rule
General rules
- MB break needs 2 closing candles
- TP 1:6
- SL a bit below/above MB for wickage
- Max SL is 0.03% (30 ticks)
Pullback rule
The pullback rule has the following criteris
- Consists of at least 2 bearish candles and only one of them may be a indecision candle
- Cannot be 2 indecision candles
- Needs at least one bearish candle that closes below the low of the previous cande (= close below the wick)
MB's
The MB is the pullback, not the whole leg/push.
Don't enter
Do not enter when a HL failed to create a HH in the trading range.
When using this rule, these would be the results:
Prevent losses: 1
Cost a winning trade: -
A double bottom of the HL is valid!
HL that failed to create a HH did not make DB.
Do not enter when price comes from far away. > 12% from the low
asd
Do not enter after a Liquidity Grab HH
Do not enter after a V-rejection
When using this rule, these would be the results:
Prevent losses: 4
Cost a winning trade: 1
Enkel van toepassing als het om een grote MS leg gaat: > 0.09%
V-rejection in bullish market
Loss
V-rejection in bullish MS with also distribution
Leg size: 0.09%
Loss
V-rejection in bullish MS with also distribution
Leg size: 0.11%
Loss
V-rejection in bullish MS with strong big selling wicks.
Leg size: 0.10%
Loss
V-rejection in bullish MS with small distribution
Leg size: 0.19%
Win
Blauwe stippen markeren de vier bullish candles
Quit a trade Criteria
When a range breaks out below (in bullish MS)
When price fails to break the high for 2 times, creating a triple top
When using this rule, these would be the results:
Prevent losses: 2
Cost a winning trade: 1
Price failed to break the high 2 times
WIN
Price failed to break the high 3 times
BE /Loss
Price failed to break a high 2 times
Loss
Thoughts
Onderscheid maken tussen (kleine) sub structure MB's en Main MB's
Strategie bedenken waarbij je direct instapt als een MB breekt. Kijk maar eens welke winsten er te behalen zijn als een MB breekt:
Bij elke blauwe MB die breekt gaat de prijs een stuk omhoog.
Regel bedenken voor move met alleen maar bearish candles?
Stop Loss values
OLD
Trading plan
This document describes the setups that I am looking for.
3-Drives
I consider a 3-drive when:
1. There's a trendline (TL) with 3 touches
2. There's structure with at least 3 highs (AC) or 3 lows (DC).
Invalid 3-drives
Invalid 3-drives are 3-drives I will not trade against. The structure looks nice, which means that it probably won't reverse.
Bullish invalid 3-drive
Second drive respect 1st drive HH. Even stronger is the sign if the 3rd drive respects the 2nd high.
Schema:
Examples:
Valid 3-Drives Reversals
1. 3-Drive - Liquidity grab / rejection of (key) level
Schema:
EUR/USD, 1H, 10 march 2023, 15 march 2023
Big rejections range low
EUR/CHF, 1H, 1 feb 2022 - 15 feb 2022
Rejecting 4H CCL.
Rejecting 4H CCL.
Rejecting broken range low
2.1. 3-Drive double top
When the 3rd drive does not take liquidity or does not shows bearish momentum, I will wait for a double top to happen. I that happens I will take the reversal.
Schema:
Examples:
EUR/USD, 1H, 23 marh 2023 - 3 april 2023
EUR/USD, 1H, 18 may 2023 - 23 may 2023
Reason to wait for DT was because the strong bullish momentum
Reason to wait for DT was because the strong bullish momentum
2.2 3-drive double bottom
Schema:
Examples:
EUR/CHF, 4H, 24 jan 2022 - 25 feb 2022
With 1H chart looking:
1H entry
EUR/CHF, 1H, 31 march 2022 - 6 april 2022
EUR/CHF, 1H, 31 march 2022 - 11 apr 2022
3.1 2-drive double top
When the 3rd drive forms a double top with the 2nd drive.
Schema:
Examples:
EUR/CHF, 1H, 12 jan 2022 - 14 jan 2022
3.2 2-drive double bottom
When the 3rd drive forms a double bottom with the 2nd drive.
Schema:
Examples:
EUR/CHF, 1H, 25 jan 2022 - 31 jan 2022
Valid 3-drives Continuation
1. 3-drive respecting first high
Preferable is that the pullback retest the 1st high.
Examples:
EUR/USD, 1H, 20 march 2023 - 21 march 2023
To figure out
1. Do I always want the TL to be touched after a high (or low)? Or are 3 lows/highs and 3 touches on the TL enough?
Schema:
Examples:
1. A type 1 of a bearish continuation setup: the first low is holding.
EUR/USD, 4H, 3 may 2023 - 12 may 2023
EUR/USD, 4H, 3 may 2023 - 12 may 2023
Did play out