Some raw notes
thesis: a statement or theory that is put forward as a premise to be maintained or proved
Day1 count starts when a breakout of a weekly high or low happens and it fails. FGD/FRD come out of a failed breakout of the weekly high or low. The day the breakout fails is Day1. Often confirmed the next day.
High Bull Major Resistance HBMR Highest Bull candle on day HBMR-D on week HBMR
Low Bear Major Support LBMS Lowest Bear candle on day LBMS-D on week LBMS
The most important point of the day/week is the failed breakout.
FRD closes below the open and there will be a peak formation, in most cases, above the close of the day.
He looks for what he calls "break in structure on the inside". This is where you have a minor high/low inside the day/week high/low.
A failed breakout at the HOW/LOW will often lead into a 3 day setup.
If Monday is the OR - opening range - for the week a breakout of this H/L range is (a) a false break, (b) a trend "explosion", (C) or it could be the range for the week (seldom).
If Monday is a Day1 breakout of a previous day's H/L, and is "inside" the previous weeks range do not countertrend this move.
By the time Monday and Tuesday have traded, the high and low for the week will be in place. In most cases, one of these levels H or L will tend to hold for the rest of the week.
PnD/DnP session entry. Want a 25 to 50 pip move in the first 30 to 45 minutes. That is the stop hunt.
#1 thing to remember: "Is there a false break anywhere? Is there a failed breakout?"
Heading into a new week, typically in most cases, the peak formation failure will often already have happened near the end of the week. Day1 will often alredy have occured by Monday. That is for the 3-day count. Weekly template Monday is always Day1.
thesis: a statement or theory that is put forward as a premise to be maintained or proved
Day1 count starts when a breakout of a weekly high or low happens and it fails. FGD/FRD come out of a failed breakout of the weekly high or low. The day the breakout fails is Day1. Often confirmed the next day.
High Bull Major Resistance HBMR Highest Bull candle on day HBMR-D on week HBMR
Low Bear Major Support LBMS Lowest Bear candle on day LBMS-D on week LBMS
The most important point of the day/week is the failed breakout.
FRD closes below the open and there will be a peak formation, in most cases, above the close of the day.
He looks for what he calls "break in structure on the inside". This is where you have a minor high/low inside the day/week high/low.
A failed breakout at the HOW/LOW will often lead into a 3 day setup.
If Monday is the OR - opening range - for the week a breakout of this H/L range is (a) a false break, (b) a trend "explosion", (C) or it could be the range for the week (seldom).
If Monday is a Day1 breakout of a previous day's H/L, and is "inside" the previous weeks range do not countertrend this move.
By the time Monday and Tuesday have traded, the high and low for the week will be in place. In most cases, one of these levels H or L will tend to hold for the rest of the week.
PnD/DnP session entry. Want a 25 to 50 pip move in the first 30 to 45 minutes. That is the stop hunt.
#1 thing to remember: "Is there a false break anywhere? Is there a failed breakout?"
Heading into a new week, typically in most cases, the peak formation failure will often already have happened near the end of the week. Day1 will often alredy have occured by Monday. That is for the 3-day count. Weekly template Monday is always Day1.
Mark ... Everything you have been told is a LIE
4