Process - Cheat - Sheets @SmartMoneyCourse

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 2

Set-up formation

Open the 15m chart, reset the


scale, and get 2-3 days of
data on the screen. Is there a
clear trend, or is the market
sideways?

Trend (up/ down) Sideways

Do you have a Are there 2


break of structure in consecutive breaks
line with the trend? of structure in 1
direction?

Yes No

Yes No

A set up has Are there 2


formed consecutive breaks
of structure counter A set up has There is no
the overall trend? formed set up

No Yes

There is no A set up has


set up formed
Entry Process

A set up has formed and now


price is pulling back to retest -
is it a major or minor retest?

Major Minor

Is price at the start of You can enter on the


structural push deep test rst valid entry trigger
zone (SOSP DTZ)? you see

Yes No

You need to wait for a 5m reversal pattern


You can enter on the and then entry trigger before taking a
rst valid entry trigger trade (unless the pair is GBP, in which
you see case you can enter on the st valid entry
trigger, without needing a 5m reversal
pattern)

Remember:

• Make sure to enter at the correct entry price as per the TradingView chart. If price has
moved away from the correct entry price you can not enter unless price comes back.
• Set your Take pro t and Stop loss at the correct prices as per the TradingView set up,
then adjust for spread when you have entered the trade. Add the spread on to the Stop
Loss and if it is your edge, add spread on to the Take Pro t.
fi
fi
fi
fi
fi

You might also like