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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.
When price hit the 1st & Last Pivot Line. If it work right away, that's the trend. Add to position with same BIAS
If it doesn't work the FIRST time, don't give up on the setup. Wait for the setup again. Stop trading it it's not a winner.
Size UP on Confluence:
* If you see confluences, increase size.
REVERSAL:
A+ : Double Tap Reversal
Ideal Entry: Exactly At Pivot Line
PL = Support or Resistance
* Enter at the S/R aka PL
SL = NH/NL previous 1 or 2 M1
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
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
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
RE-TEST:
A : 1st - 3rd BrR-BoR-Rev of B-O-Y-P
Ideal Entry: Exactly At Pivot Line
PL = Reversal or Re-test ONLY
If you lost, then the Trend is the other way.
* Enter at PL. Limit Order
* SL NH/NL at 1st or 2nd M1 at PL
* TP 2 RR
* TP at next PL
* Re-enter with SAME BIAS at next PL
BREAK-OUT:
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
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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