playbook

stephenleachman stephenleachman EURNZD, 240,
EURNZD: ICHIMOKU KINKO HYO (THE BEST TREND INDICATOR)
1466 5 37
EURNZD, 240
ICHIMOKU KINKO HYO (THE BEST TREND INDICATOR)

Ichimoku Kinko Hyo “one look equilibrium chart” In my personal opinion is the best all in one indicator, it defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. The best part about ichimoku is not only that it gives you a directional bias "at one glance" but also it provides trading signals. These signals can ...

stephenleachman stephenleachman ZMWCHF, 240,
ZMWCHF: MY TOOLBOX (MY TECHNICAL TOOLS)
238 5 14
ZMWCHF, 240
MY TOOLBOX (MY TECHNICAL TOOLS)

My toolbox is a list of technical tools that I implement in my strategies. Each of these technical tools can be used separately or together depending on the strategy, understanding the purpose of each tool and knowing how to apply them within the market is crucial to their accuracy. Below is how I personally apply these technicol tools within my ...

stephenleachman stephenleachman ZMWCHF, 240,
ZMWCHF: OPENING RANGES (PROVIDING A MARKET BIAS)
143 0 17
ZMWCHF, 240
OPENING RANGES (PROVIDING A MARKET BIAS)

A opening range is when the market opens at a particular time such as for the year, month, week and day or session in forex. The market sets a high, a low and reviets those highs and lows but fails to break through creating the range. I personally need to see price test a level at least twice making a type of double top, double bottom forming the range. opening ...

stephenleachman stephenleachman ZMWCHF, 240,
ZMWCHF: BREAKOUT VS PULLBACK (AGGRESSIVE VS CONSERVATIVE)
242 0 15
ZMWCHF, 240
BREAKOUT VS PULLBACK (AGGRESSIVE VS CONSERVATIVE)

Breakouts and pullbacks are both points of entry. A breakout is when price sets a high and or low and later pushes through (breaking out) setting a new high or low. According to my personal trading plan, trading breakouts are more of an aggressive entry point due to the potential for false breakouts and possibly poor risk - reward. It is vital to wait for the ...

stephenleachman stephenleachman ZMWCHF, 240,
ZMWCHF: FALSE BREAKOUTS (MARKET DECEPTION)
152 1 16
ZMWCHF, 240
FALSE BREAKOUTS (MARKET DECEPTION)

All Warfare Is Based Upon Deception: This was spoke by the 6th century Chinese general Sun Tzu. "All my rules in trading and the foundation of my trading plan itself is based off the book The Art Of War". So how do I apply this quote to the markets: The goal in trading is to accurately predict the future price of an asset and to profit off your predictions. ...

stephenleachman stephenleachman ZMWCHF, 240,
ZMWCHF: OPENING RANGES
78 0 12
ZMWCHF, 240
OPENING RANGES

An opening range is when the market opens at a particular time such as for the year, month, week and day or session in forex.The market sets a high, a low and reviets those highs and lows but fails to break through creating the range. I personally need to see price test a level at least twice making a type of double top, double bottom forming the range. opening ...

stephenleachman stephenleachman USDCHF, 240,
USDCHF: MARKET CONDITIONS - THE FUNDAMENTAL BASIS OF STRATEGY
186 0 17
USDCHF, 240
MARKET CONDITIONS - THE FUNDAMENTAL BASIS OF STRATEGY

Market condition are the foundation to every strategy. There are 2 primary market condition Trend and Range, ether the price is making new highs or lows (trending) or is stuck between a previously established high and low (ranging). Within these 2 types of market conditions comes sub conditions such as that the market can only move in 3 directions up (bull ...

stephenleachman stephenleachman GBPNZD, 240, Long ,
GBPNZD: MORNING STAR - CANDLE FORMATION (BULLISH REVERSAL)
142 0 19
GBPNZD, 240 Long
MORNING STAR - CANDLE FORMATION (BULLISH REVERSAL)

Consists of 3 candlesticks. The first candle is a down candle. The second candle creates a newlow and is a relatively small Candle. This can be a doji or hammer type of pattern. The third candle is a strong bullish candle that reverses the first 2 candles. NOTE: This is only a valid formation when at a key level of support. TRIGGER: Buy on the open of ...

stephenleachman stephenleachman GBPNZD, 240, Long ,
GBPNZD: PIERCING LINE - CANDLE FORMATION (BULLISH REVERSAL)
98 0 12
GBPNZD, 240 Long
PIERCING LINE - CANDLE FORMATION (BULLISH REVERSAL)

Consists of 2 candlesticks where the first candle is a down candle. Both candles should have fairly large bodies and small or non-existent shadows. The second candle is a bullish candle that closes above the midpoint of the first candle. NOTE: This is only a valid formation when at a key level of support and I like to see a new low on the second ...

stephenleachman stephenleachman GBPNZD, 240, Long ,
GBPNZD: BULLISH ENGULFING - CANDLE FORMATION (BULLISH REVERSAL)
126 3 13
GBPNZD, 240 Long
BULLISH ENGULFING - CANDLE FORMATION (BULLISH REVERSAL)

Consists of 2 candlesticks. The size of the first candle is not important. The second candle should be a large bullish candle that creates a new low yet closes higher than the first candle. NOTES: his is only a valid formation when at a key level of support. TRIGGER: Buy on the open of the next candle after the close of the Bullish Engulfing. After the ...

stephenleachman stephenleachman GBPNZD, 240, Long ,
GBPNZD: HAMMER - CANDLE FORMATION (BULLISH REVERSAL)
91 0 13
GBPNZD, 240 Long
HAMMER - CANDLE FORMATION (BULLISH REVERSAL)

The hammer is a bullish candle formation that forms at the bottom of a downtrend. It begins with strong selling at the open but ends up closing near the open. It suggests price action may rise in the near future. NOTE: This is only a valid formation when at a key level of support. The longer the wick to the downside the stronger the reversal signal. The ...

stephenleachman stephenleachman GBPNZD, 240,
GBPNZD: DOJI - CANDLE FORMATION (TREND INDECISON, REVERSAL)
145 0 16
GBPNZD, 240
DOJI - CANDLE FORMATION (TREND INDECISON, REVERSAL)

The Doji is a candle formation whose opening and closing price are virtually the same. Visually, a Doji looks like a cross or plus + sign. It represents market indecision and suggests a potential for price reversal. NOTE: This is only a valid formation when formed at a key level of support or resistance. The longer the wicks the better and also the doji is ...

stephenleachman stephenleachman GBPNZD, 240, Short ,
GBPNZD: EVENING STAR - CANDLE FORMATION (BEARISH REVERSAL)
192 2 22
GBPNZD, 240 Short
EVENING STAR - CANDLE FORMATION (BEARISH REVERSAL)

Consists of 3 candlesticks. The first candle is an up candle. The second candle creates a new high and is a relatively small candle. This can be a doji or hammer type of pattern. The third candle is a strong bearish candle that reverses the first two candles. NOTE: This is only a valid formation when at a key level of resistance. TRIGGER: Sell on the ...

stephenleachman stephenleachman GBPNZD, 240, Short ,
GBPNZD: DARK CLOUD COVER - CANDLE FORMATION (BEARISH REVERSAL)
88 0 15
GBPNZD, 240 Short
DARK CLOUD COVER - CANDLE FORMATION (BEARISH REVERSAL)

Consists of 2 candlesticks where the first candle is an up candle. Both candles should have fairly large bodies and small or nonexistent shadows. The second candle is a bearish candle that closes below the midpoint of the first candle. NOTE: This is only a valid formation when at a key level of resistance. TRIGGER: I don't often use this formation for a ...

stephenleachman stephenleachman GBPNZD, 240, Short ,
GBPNZD: BEARISH ENGULFING - CANDLE FORMATION (BEARISH REVERSAL)
96 0 13
GBPNZD, 240 Short
BEARISH ENGULFING - CANDLE FORMATION (BEARISH REVERSAL)

Consists of 2 candlesticks. The size of the first one is not important. The second one should be a large bearish candle the creates a new high yet closes lower than the first candle. NOTE: This is only a valid formation when at a key level of resistance. TRIGGER: Sell on the open of the next candle after the close of the Bearish Engulfing candle. After ...

stephenleachman stephenleachman GBPNZD, 240, Short ,
GBPNZD: HANGING MAN - CANDLE FORMATION (BEARISH REVERSAL)
96 0 12
GBPNZD, 240 Short
HANGING MAN - CANDLE FORMATION (BEARISH REVERSAL)

The hanging man is a bearish candle formation that forms at the top of an uptrend. It begins with a strong sell off at the open but ends up closing near the open. It suggests price action may decline in the near future. NOTE: This is only a valid formation when at a key level of resistance. The hanging man can be both a positive or negative candle it just ...

stephenleachman stephenleachman GBPNZD, 240, Short ,
GBPNZD: SHOOTING STAR - CANDLE FORMATION (BEARISH REVERSAL)
142 0 16
GBPNZD, 240 Short
SHOOTING STAR - CANDLE FORMATION (BEARISH REVERSAL)

The shooting star is a candle formation that closes below the open and has an upper body wick at least twice as large as the body. It is a bearish reversal pattern and suggests price action may decline in the near future. NOTE: The higher the wick and the lower the close with little to no lower wick the better and more powerful the reversal. In order to ...

stephenleachman stephenleachman EURCAD, 240,
EURCAD: 1-2-3 REVERSAL PATTERN (TREND REVERSAL)
114 0 15
EURCAD, 240
1-2-3 REVERSAL PATTERN (TREND REVERSAL)

The 1-2-3 Reversal occurs very frequently and has a very high success ratio. This pattern occur at the end of trends and swings and they are an indication of a change in trend. They can also be found within a trading range and within other patterns as well. They take place when the directional momentum of a trend is diminishing. Price Pushes into a high or ...

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