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Strategy Notes

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24 views

Strategy Notes

dfdf

Uploaded by

johnsmithispro123456
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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FEEL FREE TO ADJUST OR MAKE REMARKS.

LET’S MAKE THIS WORK :)

4H TimeFrame

When: Approximately 15-30 minutes into the new candle open

If: Identify if the current candle shows currency strength/weakness. Make

sure there is synergy confirming this on other pairs

- Mark the candle open (flipping point bullish/bearish) with


horizontal line
- Mark the potential range of the current candle by a best guess of
the previous candle rages (box)

Then: Scale down to 15M timeframe

15M TimeFrame

When: After analyzing the 4H timeframe properly

- Mark the 4H open with a vertical line

If: The current 15M candle is above the 4H opening line

And: It is in the same direction as the identified momentum on the 4H

And: The previous candle also closed in the same direction

And: There is synergy in currency strength on the 15M level amongst other

pairs when looking at the previous candle (Confirming momentum and

market volume)

Then: Set a stop order, in line with the trend. Set SL where comfortable (not

too small!). Suggestion is to put SL below the 4H open. Determine TP

based on the 4H range potential after execution (1:1 - 1:2)

When not to trade

- When a trade has too little potential to close within the 4H range
Week 4 / 5

TLDR: enter the trade when signs of depletion of the 4H wick are established

4H Timeframe

- “Structure at a glance”: anticipate 2 candle theory in line with the 4H trend, no


clear zones of resistance.
- Check for currency synchronization
- Mark previous 4H candle high, low and 50% of that candle size by hor lines
- The wicks may be included in the analysis if the body is small
- Mark the close of the previous 4H with a horizontal line

15M Timeframe

- Wait for the candle to pull back in order for the 4H wick to form, and wait
patiently for signs of depletion, wick rejections or momentum shifts
- The new 4H wick can’t exceed more than ⅔ of the previous candle as
this hints towards 2 CT not holding up
- If you see this and there is clear sign of volume: then set a STOP order in the
direction of the belief system (this 4H candle will close in the same direction as
the previous one)
- 2 candle theory must either be anticipated or valid upon entry (stop order)
- R:R is dictated by the 4H range in combination with the SL

Rules

- A 4H wick must always be formed first before considering an entry


- There must be currency synchronization on the 4H (not on the 15M)
- On the previous 4H candle
- (Anticipated) 2 candle theory must play out on the 4H
- Previous + current candle
- (Anticipated) 2 candle theory myst play out on the 15M
- Previous + current candle

5 trades maximum this week


week 6

15M Timeframe

- Look for 2 candle theory setups, which are in line with the overall trend of the
15M structure for that pair (so trend continuation)

4H Timeframe

- Upon finding a setup, scale up to the 4H, and confirm that the current candle is
in line with the 15M setup
- Also verify currency strength/weakness on the current candle

15M Timeframe

- Mark candle opening, 100% and 50% of the previous 15M candle

1M Timeframe

- Wait for the candle to pull back in order for the 15M wick to form, and wait
patiently for signs of depletion, wick rejections or momentum shifts
- The new 15M wick can’t exceed the size of the previous candle as this
is a confirmation towards 2 CT not holding up on the 15M
- If you see this and there is clear sign of volume: then set a STOP order in the
direction of the belief system (this 15M candle will close in the same direction
as the previous one)
- 2 candle theory must either be anticipated or valid upon entry (stop order)
- After entry, 2CT is no longer a concern
- Set a big enough SL, this is the 1M timeframe!

Trade on GBPJPY, GBPUSD, EURUSD, EURJPY only this week

Maximum 10 trades this week

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