Trading Plan: 5 Entry Setups

When there is a valid entry setup (price is in DP area) I enter long or short based on these rules:

• CHV = continuation high volatility: price needs to break through (large bar) the low or high of a DP area (no blue or red bar needed for confirmation) often times volume increases on the breakout bar
  
• CLV = continuation low volatility: prices usually dances around in the DP area and then together with a trendline break below a red bar I enter with a sell stop order, or a break above a blue bar I enter with a buy stop order.
  I does not have to be a trendline break if there is a clear base, and a blue bar in this base formation for a long entry
• CBB = continuation base break: Prices breaks in a downtrend below the support area
  or in an uptrend above the resistance area, it does not have to be in a DP area, but the exit of such an entry will be in a DP area.
  
• RHV = reversal high volatility: usually within the first trading minutes after the cash market opened or after news events, I enter above a blue bar long or below a red bar short withoug any other confirmation signal.
  
• RLV = reversal low volatility: after a double bottom or a trendline break usually a blue bar happens this is the perfect long entry opportunity, it can also happen that there is a spike low and a higher base formed with multiple blue bars, volatility is low providing an excelent risk reward entry. Same rules for short setups: Sell below red bar after double bottom or trendline break.

Why do I trade a continuation when one minute earlier a reversal entry and setup was valid?

• Trend has just started, price broke through support or resistance
• After double bottom or top still no reversal entry setup occurs.

Why do I trade a reversal when one minute earlier a continuation entry and setup was valid?

• Trend is likly too end (3 lower lows or highs, imporant exit areas such as break below prior days high or low)
  

Please note that I usually enter only in DP areas from 3 Minute Charts, but on market opening times or news events the 1 Minute DP areas also provide valid entry areas, obvisouly exiting a trend after the 3rd 1 Minute DP area can be projected is also wise. I also exit at double tops or bottoms if the prices stops moving through or moves too fast to these key levels.

When I miss an entry I simply wait for the next one, as a trend move is constructed out of a minimum of two sub-moves its valid to enter in the continuation area when the reversal entry was missed.

See attached screenshots: