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
