Quick Trading Questions Flashcards
What timeframe should you consult for overall market structure?
1H / 4H
When is it best to trade counter- trend ?
Until the confirmed change of character on 15m .
What confirms your ability to move stop loss to break even ?
Break of structure ( BOS )
If price pulls back after break of structure, what should you do?
Be patient and look for a scale-in
What is the most important rewarded in trading
Mechanical discipline
What should you look for on the hire time frames?
Obvious entry type models
When entering based on liquidation/mitigation, what must you wait for?
Candle close on higher timeframe
What are two entry techniques on the lower time frames?
Liquidation/mitigation concepts, and structured set ups
How should you scale into trades initially
In a conservative manner
If price returns to your entry after break a structure, what could that mean?
It’s still needs to liquidate/mitigate liquidity
What gives you another potential scale and opportunity
When price liquidates/mitigates after pullback
What is important if price pulls back after break a structure
Patience and discipline
What should you look for after a liquidation/mitigation on the higher timeframe
A potential rejection and reaction
When can you consider using SCM entry concepts?
If no obvious structure forms after a liquidation/mitigation
What adds value to a potential long entry area
The pull back after a confirmed break of structure
Don’t move your stop loss to break even
Too early before pullbacks complete
What do you need to scale in conservatively at first
Confirmation from price action of direction
If a pull back liquidates, previous liquidity what should you do?
Wait patiently for the next opportunity
Why is mechanical discipline important
It allows you to follow rules without emotional bias
