Structure/Entries/FRD & FGD

Pips2Profit
Cameron Benson
Timing The Trade
Timing The Trade
 Mindset Shift: Forget EVERYTHING
1. Come in open minded. Attempt to completely adopt this style of trading and nothing else.
2. Section off and categorize the information taught in the following way:
a. Main strategy=Setup
i. Signal Days
ii. Weekly Template
iii. 3 Day Cycle
b. Supporting Information/Tool Box Tools
i. 3 Pushes/Levels
ii. Structure
iii. Trapped Volume
iv. Liquidity (where is the money/who is in the money/where are there stops)

3. Preserve Psychological Capital

a. Only take 1-3 Trades a day (1-2 is preferred)
b. Only trade 1 session a day
c. Only trade within YOUR timing window
d. Do NOT hold trades overnight
e. Do NOT trade before the news
 Identify A Swing High or Low
Swing Low Example Swing High Example
 Defining Swings
Swing Low
Down Move:

● 2 Bear Candles Down + 2 Bull Candles

Up=Swing Low.
○ New Swing High WILL NOT be confirmed
until the recently created swing low is
BROKE with solid candle close below the
level.

Up Move:

● 2 Bull Candles up + 2 Bear Candles

Down=Swing Low.
○ New Swing LOW WILL NOT be confirmed
until the recently created swing HIGH is
BROKE with solid candle close ABOVE the
level.

Swing High
 Minor Swings/Major Swings
DO NOT OVERCOMPLICATE THIS
1. Look where the market started going in
a direction…wait for it to start going
the other direction…
2. This will create a major swing high and
low.
3. All of the smaller swings on the inside
are the minor swing levels.

**I am aware of the major swings, but I am

mostly interested with the minor swings
(15min chart).**

***Major swings can be used just to

determine the OVERALL direction of the
market.***
 Rules Of The Swing
-All Structure is marked from the WICK of the
bull candle or the bear candle that formed the
high or the low.

-A Higher low cannot be formed unless the

previous high has been broke. (Solid Candle
Close)

-A Lower High cannot be confirmed unless the

previous swing low has been broken (Solid
Candle Close)
 How does this help with the 1 Min Chart?
1. Helps identify larger trade setups of
the 15 min chart.
2. Helps you find the best entry
possible on the 1 min chart (based
off the 15 min setup).
3. Keeps you patient waiting for
EXACTLY what you want to see.
4. Removes the “noise” from the 1 min
chart.
5. Rules based way to view structure
the exact same way every time.
 Major Swings Defined
-Overall place market has began a unidirectional move from. This will typical begin a series of smaller internal
“minor swings”
 Minor Swings
-Will form on the “inside” of 2 major
swing high/lows

-Can be used to identify CURRENT

market direction

-Can be used to identify 3 pushes

-Used to identify counter trend trades

(If the previous major swing level is far
enough away and there is a LARGER
trade setup in play (Weekly template,
FRD/FGD/3 Days Breakouts/Inside
Day/3 Day Cycle)
 Break Of Structure (BOS)
-Used to identify Trend Continuation

-All Structure is market from the

WICK of the Bull/Bear Candle that
formed the high or the low

USE:

1. After BOS, I anticipate 3

pushes back against the
trend (Stop Hunt), which
means I need to identify this
behavior and enter in after
the 3rd push (Long
Squeeze/Short Squeeze
2. I need the above behavior to
occur on both the 15 min and
the 1 min chart.
Break In Structure (BIS)

- Signifies a potential change in trend direction.

-This Trend Change could be major or minor, depending which swing is broken.

USE:

1. After a BIS, I look for the EXACT SAME THING AS A BOS.

a. 3 Pushes back against trend 15 min chart
b. BIS 1 min chart in intended trade direction
c. 3 pushes against the trend 1 min chart
d. Chart pattern engulfment
 Entry Process
1. 15 Min Setup.
a. Signal Days
b. Weekly Templates
c. 3 Day Cycle
2. Market Structure.
a. BIS/BOS?
3. 3 Pushes (15MIN).
4. Go to 1 Min Chart.
5. If you are waiting for signs market will go UP.
a. Wait for the downtrend on 1 min chart to end.
i. Break structure to the upside
b. Wait for 3 pushes back down.
c. Wait for chart pattern (W, Inverse H&S, Triple
Bottom)
d. Engulfing candlestick pattern. Entry.
6. If you are waiting for signs market will go
DOWN.
a. Wait for uptrend on 1 min chart to end.
i. Break structure to the downside.
b. Wait for 3 pushes back up
c. Wait for chart pattern (M, H&S, Triple Top)
d. Engulfing candlestick pattern. Entry.
Structure Quiz:

1. In a down move, how is a swing low formed?

a. 1 Candle Pullback
b. 2 Candle Pullback
c. Candle closes below the established low
d. Candle makes a new high
Structure Quiz:

1. In a down move, how is a swing low formed?

a. 1 Candle Pullback
b. 2 Candle Pullback
c. Candle closes below the established low
d. Candle makes a new high
2. True or false:

A break in structure (BIS) signifies a trend continuation.

A. True
B. False
2. True or false:

A break in structure (BIS) signifies a trend continuation.

A. True
B. False
3. In an up move, when a swing high is broken, my job is to_________________. (Has not pulled back yet, has only broke the
high)

A. Do nothing
B. Identify and draw the new higher low
C. Identify and draw the new swing high
D. Long the market
3. In an up move, when a swing high is broken, my job is to_________________. (Has not pulled back yet, has only broke the
high)

A. Do nothing
B. Identify and draw the new higher low
C. Identify and draw the new swing high
D. Long the market
True or False: A wick passing through a swing high/low is considered a BOS or a BIS.

A. True
B. False
 First Red Day (FRD) and First Green Day (FGD)
Introduction
Identification First Green Day:

1. 3 Day Setup
2. 1-2 Days of Dump (Market is going down aggressively).
3. Day that trades below previous days low. (Unless it is an
inside day)
4. Closes above daily open price.
5. Market Structure (BIS)

Preferences:

1. Did not close more than 50% of the dump days.

2. Did not close at the extreme of the day.
3. Day 1 3 Day Cycle
4. Low of Week
5. Low of Month
6. Low Of Year

Invalidation:

1. Price closed below the previous days low on the 15 min chart
(Unless the FGD was also an inside day)
 First Red Day (FRD) and First Green Day (FGD)
Introduction
Identification First Red Day:

1. 3 Day Setup
2. 1-2 Days of Pump (Market is going up aggressively).
3. Day that trades above previous days high. (Unless it was
an inside day)
4. Closes below daily open price.

Preferences:

1. Did not close more than 50% of the Pump days.

2. Did not close at the extreme of the day.
3. Day 1 3 Day Cycle
4. High of Week

Invalidation:

1. Price closed above the previous days High on the 15

min chart (Unless the FRD was also an inside day)
 First Green Day Scenarios
1. Breaks out of EODC to the upside and
begins to trend.
2. Breaks down out of EODC and retest
trapped volume from previous day.
3. Trades below previous days low and
invalidates the setup.
4. **Inside Day: Trades below previous
days low and sets up for a reversal.
FGD/FRD Questions

1. What invalidates a FRD?

a. Close above the previous days high
b. Close below previous days low
c. There is news on the calendar
d. Retest of trapped volume zone
FGD/FRD Questions

1. What invalidates a FRD?

a. Close above the previous days high
b. Close below previous days low
c. There is news on the calendar
d. Retest of trapped volume zone
True or False: After an inside day/FGD, price should NOT close below the previous days low.

A. True
B. False
True or False: After an Inside day/FGD, price should NOT close below the previous days low.

A. True
B. False
 Practical Application
Task: Find either a First Red Day or First Green Day setup on any pair you would like. Screenshot it and send it in the
“Homework” channel on Discord.

You have 5 minutes. Begin.

Opening Range/3
Pushes
Pips2Profit
Cameron Benson
Weekly Template

Why does the opening range matter???

1. Market only does 3 things:

a. Breakout and trend
b. Breakout and reverse
c. Trading Range
i. From the above, you can frame
trading ideas!!!
2. Helps identify where volume is trapped.
3. Helps identify parabolic 3 day trading
setups for Wednesday/Friday
 Tips and Tricks
1. Market Close OUTSIDE Opening Range On Tuesday, probability of Wednesday continuation increase significantly.
(UNLESS BREAKOUT FAILS ON WEDNESDAY!!!)
2. Market Close a FAILED BREAKOUT on Tuesday, probability of reaching for the other end of the Opening Range increase
significantly.
3. If Mondays Breakout fails, and then Tuesdays breakout fails at the other end of the week, high potential for Parabolic
Trend Trade on Wednesday.
4. If Tuesday hits both sides of the Opening Range, the potential for Parabolic trend trade increases.
5. If the breakout on Tuesday closes 3 levels of rise or fall out of the opening range, the potential for reversal throughout
the week increases.
6. 3 Drives out of the Opening Range coming into Friday has the highest potential for large reversal.
7. If there are only 2 drives out of the opening range coming into Friday, there is a higher probability of Parabolic Trend
Trade (Friday)
True or False: A wick passing through a swing high/low is considered a BOS or a BIS.

A. True
B. False
Opening Range/Weekly Template Considerations
1. I am STILL only looking for TWO PATTERNS TO SHOW
UP ON THE CHART
a. Parabolic Trend Trade
b. Long Squeeze/Short Squeeze
2. Market structure plays a MASSIVE role in identifying
the trades.
a. If market makes a new high coming into session, is it
pulling back in 3 pushes?
b. If a new high/low was made the day prior, is the
market pulling back in 3 pushes?
c. If there has been a BREAK IN STRUCTURE IN THE
OPPOSITE DIRECTION, is the market now pulling back
in 3 pushes for the continuation in YOUR SESSION??
3. Look for 3 drives out of consolidation!
a. 3 Drives out of opening range.
b. 3 Drives out of previous days high low
4. Risk/Reward should MAX OUT on these trades
a. 1:4 or greater if entries on the 1 min chart
b. High tier/5 Star Setups
 Links to more examples

Mon-Tues-Wed
https://docs.google.com/presentatio
n/d/1i_dgML9ZfKq3CZC6zr34CH5
Qvo-XONkW8uUw2cseBBE/edit?u
sp=sharing

Wed-Thurs-Fri
https://docs.google.com/presentatio
n/d/1WkUfiaY-qk1oW9mWdXlPV7
wcfyUTks4TExB0KR-GAYo/edit?us
p=sharing
 3 Pushes/3 Levels/Working A Level (3 Pushes)
● Market Moves in 3’s
● 3 is a psychological number. “If it has happened 3 times, it will probably do it again”.

● 3 levels: Also referred to as stair stepping.

● 3 Pushes: Many different variations

○ Stair step
○ 1,2 sideways 3
○ 1, pause, 2, pause 3
○ Impulse Candle Pushes
○ 3 Pushes out of consolidation

● Triple Bottom/Top (Working a level 3 pushes)

○ Will jam into a high/low in 3 spiking maneuvers.

**All Variations will be observed on ALL timeframes.

3 Levels

Weekly
3 Levels

Daily
3 Levels

Daily
3 Levels
1, pause,
8AM 2, pause, 3

Hour

1, pause, 2,3
7AM
3 Pushes

Out of consolidation
3 Pushes
3 Pushes 3 levels ending in 1,2 pause 3
3 pushes
Working a low (3 push pattern)
 3 Pushes

3 push triple top

3 candle pattern
3 Pushes
1, Pause 2,3
End Of Day 2 Quiz

1. True or false: After 3 pushes out of the OR, the trade setup is to look for a reversal trade on
WEDNESDAY.
a. True
b. False
2. Name 3 different types of 3 pushes (Name them in the chat. DO NOT CHEAT.)
End Of Day 2 Quiz
1. True or false: After 3 pushes out of the OR, the trade setup is to look for a reversal trade on
WEDNESDAY.
a. True
b. False
2. Name 3 different types of 3 pushes (Name them in the chat. DO NOT CHEAT.)
Inside Bars/Market
Traps
Pips2Profit
Cameron Benson
 Inside Bar Concepts
Identification: Candle that has traded
COMPLETELY inside the previous candle.
Price NEVER touched the previous candles
high or low.

Concepts:

1. If price hits one end of the inside

bar, there will be stop loss orders
at the other end of that bar.
a. There are stops there because
traders will trade the breakouts
of Inside Bars.
2. If the market breaks out of and
Inside Bar and trends, you can look
at a measured move distance of
that Inside Bar (1 Full Expansion)
Breakout and Trend (Inside Bar)
 Market Traps And How To Spot Them
1. Time.
a. Open a candle, 3 violent pushes (induce behavior in a direction) and shift out of that zone.
2. Previous Highs/Lows (Year, Month, Week, Day, Session, 4H, 1H, 15M).
3. 3 Pushes out of consolidations. (Traps volume above or below a level).
4. Trend Lines
a. First Breakout of a trendline will oftentimes send the market vertical in the opposing direction.
5. 1,2,3 Engulfments
6. Impulse candles in a parabolic trend channel
a. Impulse candles in the opposite direction the market intends to go. People sell the close of candles, so this will trap people in the wrong
direction.
Time
Previous Levels/Consolidation
Trend Line $$
Dragging Shorts. Dragging Longs. PB Channels
1,2,3 Engulfment
Wed-Thurs-Fri Review
Pips2Profit
Cameron Benson
 What Do I Look For On Friday?
1. 3 Pushes out of the opening
range (Reversal Trade)
2. 2 Pushes out of the opening
range (Trend Trade)
3. Trapped Volume
4. 3 Pushes
5. Opening Range High/Low,
50%/100% as profit targets,
Previous Days High/Low can
also be used.

https://docs.google.com/presentatio
n/d/1WkUfiaY-qk1oW9mWdXlPV7w
cfyUTks4TExB0KR-GAYo/edit?usp=sh
aring
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Setup
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Moves
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“Day 0”
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