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Bounce (Big Gap), ReTest (Small Gap), Break- Out

Chart High/Low

Yesterday High/Low

VWAP

Yesterday Close

M5 S/R 

Be a DISCRETIONARY TRADER. Follow your SET of instructions/rules to the tee, like a robot. You have ONE job.

GOAL: 
* Take Profit Early near S/R
* Aim for 1 R:$

A+: M1 Pull Back Break-Out
Ideal Entry: After break-out of S/R setup

* Go Long = M1 G-G-G-R-G enter
* Go Short = M1 R-R-R-G-R enter
   Enter on the break after M1 candle
   SL = NH/NL previous M1 candle
   TP = 1-2 RR
 

A: Pull-Back / Dip Entry
Ideal Entry: When trend is confirmed. 
                 Enter on Valley for UT and Enter on Peak for DT
* Go Long = Only on pull-back near UT line and support area.
                   Enter on the break after M1 GREEN candle
                   SL = NL previous M1 candle
                   TP = 1 R:R

* Go Short = Only on pull-back near DT line and resistance area. 
                   Enter on the break after M1 RED candle
                   SL = NH previous M1 candle
                   TP = 1 R:R

M1

Stop Loss : NH

Price must BREAK Pivot Line

Stop Loss : NL

AVOID 1st PL

1st PL

2nd PL

Break, Re-Test

2nd PL

Break, Re-Test

1st PL

AVOID 1st PL

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