Choch Trading Plan
Choch Trading Plan
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choch_f
x
My Sessions Strategy:
Before even starting your session, always look at Forex
factory for any red folders concerning EUR or USD pairs. If
there is a RED folder, trade before or after the news event.
Do not hold your trade during the news release.
- DS/SD flips
- Continuation Trades
- Choch Trades
FLIPS
Chart example:
(zoom in to read the annotations)
In the picture above, we can see price reacting to our
unmitigated m15 (refined to m5 or below) zone. How
come we got into a sell before price breaks the zone?
Chart example:
In the chart example above, we can see that technically
price did not break our m15 unmitigated supply zone.
However, it did break our minor supply indicating that
supply at this level is not strong at all. If our main m15
supply were strong, price would have reacted and
provided a choch. Since demand broke its minor supply,
we can place a trade on our demand that caused the
break.
Continuations
The way you use it, is by first selecting the start of the
impulsive movement, and drag it till the end of the
impulsive movement.
The volume profile will basically tell you
where most of the orders lie. The bigger
the bell shape, the stronger the demand
or supply. The zones with almost no data,
are simply liquidity zones/ imbalances.
Step1: use the H1 chart and look for overall bias. (what is
your trend? Are we bullish or bearish)?
Step2: use the M15 chart and wait for a break of structure
1 Mar
kupH4/
Dai
lydemand/
suppl
yzones
I
spr
icer
eachi
ng,andr
eact
ingt
othezone?
(
Wedonotcar
eaboutt
hist
imef
rameunl
esspr
icei
s
r
eact
ingf
rom oneoft
hezones.
)
2 Mar
kupal
lm1
5unmi
tigat
edsuppl
y/demandzones.
3 Uset
hem5t
orefinet
hesameunmi
tigat
edzone
a.I
fpos
sibl
e,and notconf
usi
ng,r
efinei
tdownt
othe
s
mal
les
tti
mef
ramepos
sibl
e.(
m4,m3,m2,m1
)
1
.Ifyourr
efinementgi
vesyoumor
ethanoneobvi
ous
unmi
tigat
ed zone,gobackupt
othet
imef
ramewhi
ch
pr
ovi
desONEcl
earzone.
2.Us
ecl
earwi
cks
,orf
ullbodycandl
es(
orderbl
ocks
)
4 Payat
tent
iont
opr
iceonm1andl
ookatpr
icewheni
t
r
eachesori
sreact
ingf
rom oneofyourunmi
tigat
edzones.
a.Ent
ryt
ypes
:
1
.DS/
SD fli
ps
2.Cont
inuat
ions
3.Choch
5 Tar
getnextunmi
tigat
edsuppl
yordemandzone/obvi
ous
doubl
etops,bot
toms,t
rendl
inel
iqui
dit
y.