Overall Trading

Concept
Pips2Profit
Cameron Benson
Trading Style Mindset and Conduct
1. Trade ONLY in your session.
London
a. Asian Session: 8PM-11PM EST Asia New
b. London Session: 2AM-5AM EST York
c. New York Session: 8AM-11AM EST
2. Look to only take 1-2 trades per day.
3. Focus your effort on the 2nd Hour.
a. 1st Hour=Opening Range 12 Candle Window
b. 2nd Hour=Equity Hour (9PM, 3AM, 9AM) (Twelve 15 MIN CANDLES)
c. 3rd Hour
4. Pair is irrelevant, it is about the SETUP!
a. 8-12 Pairs Max
b. Narrow it down to 1-4 Pairs a day
c. Narrow it down further in the equity hour (2nd Hour)
5. Trade SETUPS, NOT DIRECTION
Information Organization
A. Big Picture/Setups ● Know how to identify each.
a. FRD/FGD ● Need to know which “tools” you will need to identify the trade in
b. Inside Day live time.
c. 3POR
d. 3 Days Breakouts Example: A mechanic knows that if he is going to change the oil, he will
e. HOD/LOD need a ratchet, oil, oil filter, funnel and a rag.
f. Session Scalp A Trader knows what his setup is (I.E Changing the oil) and what tools
they will need to execute (I.E ratchet, oil, oil filter, funnel and a rag)

B. Tool Box Tools/Supporting Info ● Can be used to support the “Box A” setup/thesis.
a. 3 Levels ● Helps identify the “When, Where, Why” for taking the trade.
b. 3 pushes ● Helps improve trade accuracy.
c. Market Structure
d. Liquidity
e. Traps
Setup Identified:
Weekly Template: PB Trend
Signal Day: FGD
Start Looking For Details
1 Min Chart
 Previous Days High And Low (Supporting Information)
Previous Weeks High and Low
Previous Months High and Low
1. Main levels used in this
style of trading.
2. All 3, once broken,
indicates that people on
higher time frames are in
the market, also referred
to as “Other timeframe
traders”.
3. Helps indicate where
people are trading
breakouts.
4. Helps identify where
peoples stop loss/pending
orders are.
5. Indicates where other time
frame traders might be
trapped in the market.
 100 Pips Box Concept (Supporting Information)
● Look where price
began a unidirectional
move.
● Look for 3 levels of
rise/fall.
● Look for 25-50 Pips
movement outside of
the “Box”.
● Average STOPHUNT is
25-50 Pips.
● TIMING IS
EVERYTHING.
● Market only does 3
things
○ Breakout/Trend
○ Breakout/Reverse
○ Trading Range
 3 Levels (Stair Step)(Supporting Information)
● Helps identify
exhausted/overextended
markets.
○ Within the….
3 Pushes Out of The Previous Months
■ Month Low (Purple Line)
■ Week
■ Day
 Opening Range
● 1st Trading Period within any given
time period. (High and Low).
○ January High/Low (Yearly Opening
Range)
○ 1st Week of the Month (Monthly
Opening Range)
○ Monday (Weekly Opening Range)
○ Asian Range (Daily Opening Range)
○ 1st Hour (Session Opening Range)
● Can be used in combination with the
idea that the market only does 3
things
○ Trend
○ Reverse
○ Trading Range
 EODC (End Of Day Consolidation (Supporting)
● Helps frame the next day when you come to your
session.
● Used to see if market has…
○ Broke out
○ Reversed
○ Trading Range
■ Starting to see a pattern yet????
● Last swing high and low of the New York Session
○ Do not overthink it. Pick the most obvious.
○ Although helpful, picking the “wrong” EODC is not
going to ruin anything for you.
 Break It Down Further
Once you have identified a trading setup and all supporting Entry Supporting Information
information, now you need to figure out how to identify an
entry. 1. Time engulfments
2. Trapped Volume
I use my entry criteria. (Checklist) 3. 3 Pushes
4. 3 Levels
1. Level Formed 5. Time
2. Break Structure Intended Trade Direction (1 Min Chart) 6. Structure
3. 3 Pushes opposite of intended trade direction. 7. Candlestick Psychology (Market Traps)
4. M,W, Head and Shoulders, Inverse Head and Shoulders,
Triple Top, Triple Bottom.
5. Engulfing Candlestick (Engulfs Chart Pattern 1 Min
Chart)