Day time frame into 4 hour into 1 hour I.P.D.E
IDENTIFY:
Major and minor structure points (have deleted the
arrows on the charts, but your eyes will pick it up)
Fibonacci Retracement and Extension moves.
Any patterns and candlestick formations.
PREDICT:
Using the Fibonacci Extension and Structure points.
RSI not in over-bought territory, potential move into
the 1.414% to over-bought, still looking bullish.
DECIDE:
Are you trading Pattern / AB=CD / Counter-Trend or
Trend Continuation.
In this example, I’m looking for a trend continuation
as we’re not in a strong PRZ due to the RSI not at
over-bought.
Using the IF=THEN syntax to justify your entry, stops
and targets.
as for EXECUTE
IF = R/R is good and it’s > than a 1:1
THEN = Execute the trade in your broker platform.
Entering the stage of Trade Management.
Star Prosper
Philip Stewart
There is more to add, but we will stick to this for now
IDENTIFY:
Major and minor structure points (have deleted the
arrows on the charts, but your eyes will pick it up)
Fibonacci Retracement and Extension moves.
Any patterns and candlestick formations.
PREDICT:
Using the Fibonacci Extension and Structure points.
RSI not in over-bought territory, potential move into
the 1.414% to over-bought, still looking bullish.
DECIDE:
Are you trading Pattern / AB=CD / Counter-Trend or
Trend Continuation.
In this example, I’m looking for a trend continuation
as we’re not in a strong PRZ due to the RSI not at
over-bought.
Using the IF=THEN syntax to justify your entry, stops
and targets.
as for EXECUTE
IF = R/R is good and it’s > than a 1:1
THEN = Execute the trade in your broker platform.
Entering the stage of Trade Management.
Star Prosper
Philip Stewart
There is more to add, but we will stick to this for now
