Checklist
1 – Clean Chart : Clear direction in the market reflected by a long and thick cloud
2 – Trends Momentum Divergence : Price below/above the base line while the cloud is bullish/bearish
3 – Entry Zone and Flex Stop Loss : Define your entry zone and flexible stop loss based on support and resistance
4 - Hard Stop Loss : Place a hard stop loss order that allows for market turbulence
5 – Target : Place a realistic take profit order that result in risk/reward of at least 1.5
6 - Be patient and Stick to the plan !
Example : CHF/EUR 23rd April 23, 2020 (4H)
1 – After first screening for the setup, filter with criteria 1 and 2 of the checklist.
2 - Establish your buy zone and flex stop loss, hard stop loss and profit target
3 - Stay Patient and Stick To the Plan !
The Market Sniper
1 – Clean Chart : Clear direction in the market reflected by a long and thick cloud
2 – Trends Momentum Divergence : Price below/above the base line while the cloud is bullish/bearish
3 – Entry Zone and Flex Stop Loss : Define your entry zone and flexible stop loss based on support and resistance
4 - Hard Stop Loss : Place a hard stop loss order that allows for market turbulence
5 – Target : Place a realistic take profit order that result in risk/reward of at least 1.5
6 - Be patient and Stick to the plan !
Example : CHF/EUR 23rd April 23, 2020 (4H)
1 – After first screening for the setup, filter with criteria 1 and 2 of the checklist.
2 - Establish your buy zone and flex stop loss, hard stop loss and profit target
3 - Stay Patient and Stick To the Plan !
The Market Sniper