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The Lazy Trader Guide

The lazy trader strategy involves entering long or short positions when the market pulls back to identified support or resistance levels and tests them. For a long entry, the trader looks for an uptrend, pullback to support, and a low test of support. For a short entry, the trader looks for a downtrend, pullback to resistance, and a high test of resistance. Stop losses are placed below support for longs and above resistance for shorts. Profit targets are set at 1:2 times the risk.

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Alex Adallom
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572 views

The Lazy Trader Guide

The lazy trader strategy involves entering long or short positions when the market pulls back to identified support or resistance levels and tests them. For a long entry, the trader looks for an uptrend, pullback to support, and a low test of support. For a short entry, the trader looks for a downtrend, pullback to resistance, and a high test of resistance. Stop losses are placed below support for longs and above resistance for shorts. Profit targets are set at 1:2 times the risk.

Uploaded by

Alex Adallom
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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THE LAZY TRADER

STRATEGY
SETUP CONDITIONS

1 Market Condition (Trending)

2 Levels (Support and Resistance)

3 High Test or Low Test


LONG(Buy) SETUP
1. Must be in up trending market (HH,HL).
2. Wait for pullback at support level.
3. Price must print low-test at support level. HL

Low-Test
HH
SUPPORT

HL

HL
SHORT(Sell) SETUP
1. Must be in down trending market (LH,LL).
2. Wait for pullback at resistance level.
3. Price must print high-test at support level.

LH

LH

RESISTANCE
LL High-Test

HL

LL
LONG(Buy) ENTRY
HL

Entry

Low-Test
HH
SUPPORT

HL

HL
SHORT(Sell) ENTRY

LH

LH

RESISTANCE
LL High-Test

HL Entry

LL
LONG(Buy) STOP LOSS
HL

Entry

Low-Test
HH
SUPPORT

Stop Loss

HL

HL
SHORT(Sell) STOP LOSS

LH

LH
Stop Loss

RESISTANCE
LL High-Test

HL Entry

LL
LONG(Buy) PROFIT TARGET
Target 1:2 RR

Profit Target should be 1:2 Risk to Reward ratio


Meaning, if your stop loss is 20 pips, your profit
HL
target should be 40 pips.

Entry

Low-Test
HH
SUPPORT

Stop Loss

HL

HL
SHORT(Sell) PROFIT TARGET
Profit Target should be 1:2 Risk to Reward ratio
Meaning, if your stop loss is 20 pips, your profit
target should be 40 pips.
LH

LH
Stop Loss

RESISTANCE
LL High-Test

HL Entry

LL

Target 1:2 RR
HH

1:2 RR

HH
Support
Low-test

HL

HL
HH

1:2 RR
HH
Support
Low-test

HL
HL
LH
LH
High-test
Resistance

1:2 RR

LL

LL
LH

LH
Resistance High-test

1:2 RR

LL

LL
SETUP CONDITIONS

1 Market Condition (Trending)

2 Levels (Support and Resistance)

3 High Test or Low Test

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