First Red And Green Day

Pips2Profit
Cameron Benson
 How To Identify - First Red Day

1. Large Pumping day to the high of the week (current week).

2. Peak formation HIGH at the HOW that closes below the open for the day.
3. Next day is the day to look for the trade - DEPENDING ON THE TEMPLATE, MAY NEED TO LOOK THE DAY AFTER.
 Dissection of the template: What to look for

1. 3 Levels of rise - Either using price (100 pip box), the stair stepping pattern (peak formation low and 3 stairs) or both.
2. 2-3 WEEKS of breakouts to the upside.
3. 2-3 DAYS of breakouts
4. Structure - Did the First Red Day make a lower low? (Break In Structure to the downside)
 Variations: DO NOT GET CONFUSED
NAS100 Stats:

1. 3 Weeks Of Breakouts to the upside

2. Last Thursday Peak Formation
High/Low (Heart Beat)
3. Friday Inside
4. 300 Pips BOX
5. 2-3 DAYS of breakouts back into peak
high
6. Wednesday - First Red Day
7. Wednesday - Day 1 of BREAKOUTS TO
THE DOWNSIDE
8. Thursday - Look for 3 levels of
RISE/HOD/HOS
On The Day - 3 levels rise and a peak formation in place
 Entry
1. After 9:30
2. After the 10AM News
3. 1,2,3 Engulfment
4. M
GBPUSD Wednesday May 29th
 Criteria On The Day - Avoid False Signals
1. Presentation Of Price - Gold - May 17th 2024
Stair stepping in 3 levels
from LOD (FRD) or from
HOD (FGD)
2. Timing - No Peak
formation high or low
formed on the 5-15M
chart prior to 10:30
(getting late in the
session, might need to
wait for tomorrow).
3. Levels - Make sure you are
not in a breakout pullback
weekly template
a. Opening range
breakout - Wed-Thu
Pullback for a Friday
trend trade
Trade Has Already Played Out: Know When To adapt
Sometimes the First Red Day Or First
Green Day Trade will have already gone
vertical in a previous session.

This causes people to attempt to chase

the trade, hoping it will go on trending
forever

Times I will adapt my thesis

-3 Levels of Rise/Fall

-3 Season Of Breakout on Day 3

-HOW/LOW
 How To Avoid Bad Signals Summary
1. Check weekly template
a. Breakout Pullback template for Wed/Thu/Fri Continuation?
2. How many weeks of breakouts in that direction?
a. The more weeks of breakouts in a direction, the more likely the setup is to play out.
3. How many days of breakouts?
a. 2-3 days of breakouts followed by FRD/FGD, especially after multiple weeks of breakouts, are far more likely to play out.
4. 3 Levels Of Rise Or Fall from previous peak formation
a. 3 Levels of rise or Fall (100 Pips box) + FRD/FGD = Potential Sell High Opportunity or Buy Low Opportunity
b. Peak Formation + 3 Obvious Stair Steps In Price + Peak Formation + FRD or FGD = Possible Trade opportunity
5. On the trade day, how has price presented? Has the trade already played out in a previous session?
a. FRD/FGD + 3 Levels of rise or fall (100 pips box)
b. FRD/FGD + 3 Sessions Rise or fall (Stair Step)
c. FRD/FGD + Rectangle consolidation = HOD/LOD (Stay out of the middle)
d. FRD/FGD + Rectangle consolidation BREAKOUT PULLBACK = Sell the high or buy the low of the pullback
6. Timing
a. New Hour
b. No News left on the calendar
c. Index - After 9:30 AM EST (I personally prefer to wait until after 9:30 regardless of the instrument)