This are the combination of the strategy and tools that I learn for a year. Which I have combine them and use them in accordance of need and settings. a little reminder if you have use even single tool or strategy aginst the trade the result is bad. So trend is your Friend alway trade on trend for your safety.
here is my check list
PART 1
- delete all drawing tools
- Identify trend use moving average
- Create a pukot
- Confirm trend on 4hrs
- Identify major support and ressistance
- Confirm 1 day trend
- identify major support and resistance
- Confirm pukot using Pivot
- Identify direction using stochistics
- confirm direction of stochastic using 4hrs
- confirm direction of stochastic using 1Day
- identify point of entry using
- Higher - higher high and low higher low - for uptrend
- High - Lower high and Low - lower low - for downtrend
SPECIFIC INSTRUCTION
after you have done all those 12 steps in part 1 its time to analyze the chart combine your chart using 1hr time frame , 5 min time frame, 1min time frame... Analyze the possible direction to go combine your chart 1hr time frame, 4hrs time frame and 1 Day time frame.
In this part it is critical for you to see what is not obvious that is why this is the right time to pray. Pray not just to win but rather pray that you will see the unseen or misslook. (this step I use to fight the fear and the greed that is inside me)
Then proceed to Part 2
- Identify entry need to ignore - oposite trend - use moving average and stochastic
- When we have point of entry Identify how many pips to get using support resistance
- identify piont of turn or stop using previous pivot or support and resistance
- identify stop lost (be carefull with this )
- if no piont of entry to take or malayo pa identify pattern
- Head shoulder pattern
- double tap
- Consolidation (if 4hrs expect long trending next up or down)
- Over sold or over bought (boilenger and RSI)
- Check Fundamental and identify market movers
- GDP
- CPI
- JOBLESS CLAIMS
- NON FARM PAYROL (check previous data )
- FOMC
- 3 red star NEWS
- Candle Stick Engulfing pattern (trade on first 3 candles only 1hr)
- Overbought or Oversold (stochastic)(be watchful on fake direction dont panic)
(video about this checklist will be uploaded soon)