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Daily Trading Strategies and Patterns

The document outlines trading protocols, emphasizing caution on Mondays and during high impact news events like the Consumer Price Index and Non-Farm Payroll. It details strategies for trading based on market swings, invalidation points, and specific timeframes for entries and reversals. Additionally, it discusses the importance of profile confirmation and managing trades in relation to market objectives.

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faustinaodoi84
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0% found this document useful (0 votes)
67 views1 page

Daily Trading Strategies and Patterns

The document outlines trading protocols, emphasizing caution on Mondays and during high impact news events like the Consumer Price Index and Non-Farm Payroll. It details strategies for trading based on market swings, invalidation points, and specific timeframes for entries and reversals. Additionally, it discusses the importance of profile confirmation and managing trades in relation to market objectives.

Uploaded by

faustinaodoi84
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Caution Protocol Avoid Monday H igh Impact News

Understand the specific No opening trades on Consumer Price Index,


times to avoid trading in Monday within any given Non-Farm Payroll, or
the market week FOMC Press Conference

If This, Then That News Protocol


Look back on how Trades can be opened
Monday printed to pair any time after the high
with bias for following impact news releases
trading day or days into the market

Relevant Swings Protected Swing Close Through Neutral Range


Note relevant swings in Manipulation or Deep daily candle close Failure swings to both
the market within the last divergence at a daily through relevant daily sides of the market
30 daily candles relevant high or low high or low means price is neutral

Large Wick Swing Breakout Internal Range


Avoid reversal day with Annotate invalidation Wait for either the
large opposing run from point in previous day highest high or lowest
daily open, trade the next range for current day low of the range to be
continuation day continuation engaged

Small Wick External Range


Reversal day can be Seek either a protected
traded with a small swing or swing breakout
opposing run from daily at external range to set
open (optional) or focus the framework
on following continuation

Invalidation Point Reversal Day Continuation Day Invalidated Day


Determine invalidation Invalidation dependent Invalidation point set Price trades through
point for either a reversal on how price trades at based on how previous invalidation point on a
day or continuation day relevant high or low daily candle printed continuation day or deep
through relevant swing
on a reversal day
Relevant Level Large Candle Wick
Annotate the relevant Equilibrium of previous
daily high or low out to day opposing wick
the current trading day becomes the invalidation
point

Respecting Level
Price has a fast reaction Large Candle Body
at time of engaging the Equilibrium of previous
relevant swing daily range from high to
low becomes the
invalidation point

Remaining Valid
[Link] Price remains above level
when bullish or below
expansion model level when bearish

Profile Confirmation 18:00 Reversal 01:00 Reversal 08:00 Reversal


Track development of 18:00 candle holds the 01:00 candle establishes 18:00 and 01:00 candles
the 7 hour daily profile in low of day when bullish low of day when bullish either consolidate or
relation to the framework or high of day when or high of day when make an opposing run for
bearish bearish the 08:00 reversal

01:00 Confirmation 01:00 Entry (Optional) 08:00 Entry


01:00 candle holds away Seek continuation entry Reversal confirmation to
from the established signature on 30m or 15m continuation entry
18:00 high or low of day timeframe alignment signature on 15m and 5m
to confirm continuation after reversal confirms timeframe alignment

08:00 Entry 08:00 Entry


Identify the first valid Seek continuation entry
continuation entry signature on 15m or 5m
signature following the timeframe alignment
08:00 candle open after 08:00 candle open

Overnight Expansion Large Wick Into Objectives


Either or both of the Expansion against bias Expansion towards bias
18:00 and 01:00 candles forms large opposing run trades through daily
expand significantly in from daily open which is objectives which is
either direction unfavorable unfavorable

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