TRADING PLAN (Owens D)

Discipline Yourself.
Never go off the top of your Head, CHECK YOU RULES.

1. Clear your mind, Remove an Emotions (internal or external). You want to be logical, if
you’re emotional, DONT TRADE.

2. Trading Days and Trading Hours.

Normal Days (Monday-Friday)

Normal Hours (7am- 12PM) - NY Session
Exception: London Session, but NEVER ASIAN.

3. What pairs do you trade?

(EU, GU, AU, UJ, GJ, GA, EG, CJ)
Exception: “Others List”

4. Risk to Reward for your trade Idea.

(Minimum 10:1)

5. Risk Percentage for trade idea.

(Normally it’s 0.5% Risk)
Exception: Can Scale to 1% Risk, depending on Consistency.
STRATEGY:
1. Identify HTF Structure (DAILY) -Bullish or Bearish?
- Then Identify Intraday (4H) and LTF (1H-Below) -Continuation or Re-
tracement?
- Trade according to what structure is showing you, and always be mindful of
Daily BIAS.
- TRADE 80% CONTINUATIONS and 20% REVERSALS!
- Only look for reversal opportunities that are reacting inside of Supply Or
Demand. Entries will be Accumulation or Distribution Only!

2. Identify POI (Points of Interests) and Levels of Demand or Supply.

- Daily Demand and Supply
- (Slingshot Candles), or Any Timeframe SC
- OrderBlocks/Wyckoff that caused BOS, or is a Supply or Demand OB.
- Any area that has High confluence of Institutional buying or selling.

3. Look for ENTRIES only Inside of those POIs.

- Look for Confirmation Entries!
- Only Consider Taking a LIMIT ENTRY
• (LE) Always Allowed on Structure Point Highs and Lows Depending on
Trend (Pro-Trend)
• BOS is Required before Taking LE (Or Invalidate SnD of the Opposite side)
• Time & Price
• LE not Allowed on Decisional Sponsor Candles/OBs

4. Hold yours trades according to Structure and Trend.

- ANY PROFIT IS GOOD PROFIT. Don’t expect every trade to be 50:1 (That’s
not realistic) or an outrageous RR.
- If a market is Ugly or not easy to mark up, leave it alone and move on to the
next.
STRUCTURE:
-Only determine structure by HTF Legs (Highs and Lows that break structure
based on the timeframe, whether it be DAILY, intraday, etc.
- Daily is for HTF
- H4 is for Intraday
- H1 is for Scalping
- Ask yourself (Are we bullish or bearish? Continuation or Pullback?)
- Go from D to H1 (Use all the timeframes in correlation to each other, to
form the bigger picture, so you know where you are in the market and can
trade accordingly)
Don’t mix up order Flow with structure!

POI’s:
Point of interest are only areas of demand or supply (Wyckoff). Somewhere In the
market you can see that institutions got into the markets.
- Manipulations (Take of liquidity of a certain area, leaving a sponsor candle)
1AM-3AM-5AM-7AM-9AM... (SC TIMES)
- Accumulation or Distribution is a certain area (Orders being built up)
- An area that filled a purpose, whether it be filling imbalance, taking
liquidity, etc.
Always look for Confirmations Entries inside decisional POIs (No Exceptions)
- This could be a POI that you’re not too sure about, or there's another POI
below or above it.
- Decisional POIs are typically SC (Slingshot Candles), so not the POI that it
around structure, but the move that caused the break of structure (Most of
the time Re-accumulations or Re-Distributions)
WYCKOFF:
Accumulations and Distribution-
- Only focus on accumulation or distribution when we’re in a demand or
supply area (POI) Other than that, it’s not for certain that the schematic will
play out in your favor.
- The Pullback of the STB or UT MUST REACH 50% the trading range of your
schematic (BC to AR/ SC to AR)
- You must see SOS/ SOW out of the trading range from SPRING or UTAD
before taking entries on a schematic. Some type of Intent is required
(Whether it be breaking minor structure)
- The BEST Entries to take out of a Schematic is the “TEST” and the “FIRST
LPS” - other than that it’s not guaranteed that you’ll get the other entries.
- DO NOT TAKE SCHEMATICS that Primarily Happened in ASIAN. (London
likes to take Asian Highs and Lows), don’t look to trade during Asian
Session.
- When a Schematic is Completed (TEST-LPS-BU/LPS) and GONE, IT IS NOT
ELIGIBLE FOR LIMIT ENTRIES ANYMORE.
Re- Accumulation or Re-distribution are only confirmed when we break the
“Creek” or “ICE”
TYPE 2 Schematics: Accumulation or Distribution
- Wait for the UT/STB to break mSOW/ or UA forming a MSOW or SOS before
looking for entries
- If the schematic does not show you a Previous mSOW/ or UA, it’s best to
wait for the first LPS to form, then take entries after that.