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REVERSAL, RE-TEST, BREAK-OUT
Chart High/Low
Yesterday High/Low
VWAP
Yesterday Close
M5 S/R
Be a SYSTEMATIC TRADER. Follow your SET of instructions/rules to the tee, like a robot. You have ONE job.
Every entry has a probability score. From lowest to highest. Only enter a position with the HIGHEST probability score.
Examples are no weekend, after market open, A+ setup for reversal (double tap), Break-retest, and or BMS
Everything else is not an entry opportunity because of its low probability. Following your rules increases your probability as well.
Confluences also increase your probability score.
Size UP on Confluence:
* If you see confluences, increase size.
RE-TEST: Enter on the re-test : Bounce/Retest or Break/Retest a.k.a Peaks ONLY for Down Trends & Valleys ONLY for Up Trends
If one index is a break and at the SAME time the other one is a bounce, both will re-test. Enter on the break-retest PL index
A : 1st - 3rd BrR or BoR of B-O-Y-P
Ideal Entry: Exactly At Pivot Line
PL = Re-test ONLY. Peak for DT & Valley for UT
If you lost, then the Trend is the other way.
* Enter at PL. Or NH/NL M1 same color Trend Line
* SL NH/NL at 1st or 2nd M1 at PL
* TP 2 RR at next Pivot Line
* Re-enter with SAME BIAS at next PL
BREAK-OUT: Confluence can be confirm with double tap setup
A : Break of mini S/R = Yellow on M1
Ideal Entry: After the BREAK of Pivot Line
PL = If you lose, then the Trend is the other way.
Conditions:
Price breaks PL
* SL NH/NL of last M1 candle
* TP = 2 RR : * Re-enter on the Re-Test
A : Major Reversal with M5 TT/BT
Ideal Entry: After the BREAK of Pivot Line
PL = NH/NL of M5 or M1
If you lose, then the Trend is the other way.
Conditions:
Price at S/R or breaks S/R
Price breaks previous M5 candle
* 4 or more consecutive M5 candles
* G-G-G-G-R
Once Red candle closed with TOPPING TAIL
ENTER on the BREAK. SL NH/NL of last M5 candle
AVOID bottom tail
* TP = 3+ RR : * Re-enter with SAME BIAS
* R-R-R-R-G
Once Green candle closed with BOTTOM TAIL
ENTER on the BREAK. SL NH/NL of last M5 candle
AVOID topping tail
* TP = 3+ RR : * Re-enter with SAME BIAS
B : M1Micro Pull Back Break-Out
Ideal Entry: After Major Reversal and the BREAK of M1
PL = NH/NL of M5 or M1
* Long = M1 G-G-R-G enter : Short = M1 R-R-G-R enter
Enter on the break after M1
SL = NH/NL previous M1
TP = 1-2 RR
REVERSAL:
A+ : Double Tap Reversal = Price Version
Ideal Entry: Exactly At Pivot Line
PL = Support or Resistance
Conditions: 1st scenario,
Double Support, other index way down (Relative Index consolidating at bottom)
When price taps support PL twice, Other index price is showing stair stepping down with bottom tail GREEN M5.
Double Resistance, other index way up. (Relative Index consolidating at top)
When price taps resistance PL twice, Other index price is showing stair stepping up with topping tail RED M5
2nd scenario:
Double R, other index starting to move lower while DR is moving to retest Resistance.
Double S, other index starting to move higher while DS is moving to retest Support.
* Enter at the S/R aka PL
SL = NH/NL previous 1 or 2 M1
TP = 3 RR
* Re-enter with SAME BIAS on 1st and 2nd Pull Back
A+ : Double Tap Reversal = RSI Version
Ideal Entry: Exactly At Second Tap of RSI High or Low Pivot Line
Conditions: 1st scenario,
When RSI double-tap the LOW. Wait for M5 GREEN candle on all 3 indices.
Enter on the BREAK. All price movement MUST be the same on all 3 indices.
When RSI double-tap the HIGH. Wait for M5 RED candle on all 3 indices
Enter on the BREAK. All price movement MUST be the same on all 3 indices.
SL = NH/NL M5
TP = 3 RR
* Re-enter with SAME BIAS on 1st and 2nd Pull Back
A : All At Pivot Line Reversal
Ideal Entry: Exactly At Pivot Line
PL = Support or Resistance
* Enter at the S/R aka PL
Price must hit PL at the same time
SL = normal size per index
TP = 3 RR
* Re-enter with SAME BIAS
A- : Last PL Reversal
Ideal Entry: Exactly At Pivot Line
PL = Support or Resistance
* Enter at the S/R aka PL
Price must hit PL
SL = normal size per index
TP = 3 RR
* Re-enter with SAME BIAS
B Setup : S/R Reversal at B-O-Y-P
Ideal Entry: Exactly At Pivot Line
PL = Support or Resistance
* Enter on 1st Indices and Last indices to touch PL.
AVOID 2nd index.
SL = NH/NL on 2 M1 candle
* If the Bounce works, add on next pull back & TP on next PL
* Re-enter with SAME BIAS. Include A- strategy
D+ : 5Min ORB/ Dip Buy
Ideal Entry:
Clean M5. With Topping or Bottom Tail
* After 5min opening bell
* Enter on re-test w(ideal) or w/o PL confluence
or enter/add on the break of M5
SL = NH/NL previous M5
TP = 3 RR
* Re-enter with SAME BIAS. Include B+ strategy
Break-Out Setup
#1 Wedge Break-Out : Bear / Bull Flag break out setup
#2 Parabolic break, pullback, continuation
#3 Gradual momentum to the upside or downside
Within VWAP between 2 indices
Price within VWAP of Indices
* Confluence is key for entry
* When 1st VWAP is broken, price continue
Reversal
Every PL has 3 possible movement: BrR, BoR or Rev
Break/Retest, Bounce/Retest or Reversal
BrR
BoR
M1
Stop Loss : NH
Price must BREAK Pivot Line
Stop Loss : NL
BoR
BrR
BrR
BrR, BoR or Rev?
Reversal
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