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Here is a comprehensive list for training the eyes to find the price action relationships that can help you improve your trading when live. These flashcards are my personal interpretations and study notes based on public technical analysis concepts from sources like Dr Brooks, Edwards & Magee, Murphy, and modern price action teachings
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Daily Chart
Daily chart traders
Buy the Close (BTC)
Sell the Close (STC)
Buy on a Stop 1 Tick above (B STP)
Sell on a Stop 1 Tick below (S STP) traders
Could they get in? Or did they miss out?
Did they get disappointed?
Will they stay in, scale in or breakeven?
Test OHLC?
Daily Chart
Daily Rhythm
Trading Range vs Trend traders
3 in a row?
Breakout vs Failed Breakout
How is the daily chart moving which will influence twhat we expect today?
Daily
Daily Gaps
Are we testing gaps on the daily chart?
Daily Chart
Daily - 60m patterns
How is the 60m chart building the daily pattern?
ie Daily pullback bar = 60m spike and channel
ie Daily chart pullback is 10 legs sideways to up correction on the 60m chart
Daily Chart
Daily - Is Yesterday a Good Signal Bar?
Daily Chart
Daily
Measured Move of Yesterday’s Range (MMYD)
Success / fail
MM of a prior day?
Daily Chart
Daily - Yesterday
Where are we opening?
ie 50% pullback of YD, test the lows again?
Daily Chart
Daily
2 tests of Yesterday’s high or low
Should try twice to breakout either way
Inside days are rare
60m
60m- Actions & targets
Did traders BTC/STC of 1st/2nd 60m bar?
Did traders B STP Above or S STP Below the 1st/2nd 60m bar?
Did their trades work or fail by bar 36 or 42?
60m
60m
ES 20pt Swings usually line up with the 60m immediate probability
60m
60m - Good SB H/ L (Live / Done)
Good Signal Bar Live means we are still on a 60m buy or sell that hasn’t failed / reached target yet, probably from yesterday
60m
60m - HTF - LTF BO Trading
Higher timeframe → lower timeframe
ie 60m Breakout trading means that we have had consecutive 60m bars and are expecting a second leg up on the 60m chart. So fading it for scalps at best only
60m
60m - Always in / Structure / Legs
On the 60m chart are we always in long or short?
What 60m pattern are we in?
How many legs on the 60m chart do we have?
60m
60m - Scale in traders
Is the 60m bar good enough to:
Buy below as a bull?
Sell above as a bear?
60m
60m chart traders
Buy the Close (BTC)
Sell the Close (STC)
Buy on a Stop 1 Tick above (B STP)
Sell on a Stop 1 Tick below (S STP) traders
Could they get in? Or did they miss out?
Did they get disappointed?
Will they stay in, scale in or breakeven?
Test OHLC of the 60m bar?
60m
HTF → LTF
(Higher time frame - Lower time frame)
Look for market structure
ie
Tight Channel on 60m chart, what to expect on 5m chart?
Always in Short on 60m chart - what to expect on 5m chart?
15m
15m chart traders
Buy the Close (BTC)
Sell the Close (STC)
Buy on a Stop 1 Tick above (B STP)
Sell on a Stop 1 Tick below (S STP) traders
Could they get in? Or did they miss out?
Did they get disappointed?
Will they stay in, scale in or breakeven?
Test OHLC of the 15m bar?
15m
15m - Actions & targets
Did traders BTC/STC of 1st/2nd 15m bar?
Did traders B STP Above or S STP Below the 1st/2nd 15m bar?
Did their trades work or fail by bar 9 or 12?
15m
15m
ES 20pt Swings usually line up with the 15m immediate probability
15m
15m - Always in / Structure / Legs
On the 15m chart are we always in long or short?
What 15m pattern are we in?
How many legs on the 15m chart do we have?
Open
Open - Hot Zones
Wide stop at a critical point out of current structure
ie breakout point or gap from last structure
We are usually in the middle of these two zones
Open
Open - Wide Stops
Can bears use a bear bar from yesterday RTH?
Can bulls use a bull bar from yesterday RTH?
Open
Open - Magnets / MM / Spike fails
Where are the measured moves from the last spike which failed? Project up 1x and 2x
Open
Open - In/out YD Range
Are we within Yesterday’s range or Yesterday’s channel or did we break it yet?
Open
Open - 18-bar range
90% time, the days HIGH or LOW is formed in the first 18 bars
Open
Open - 2 - 5 Reversals
50% opening moves reverse
80% opens have 2 or more reversals
Many days have 5 mini-reversals inside an opening range
Double Top and Double Bottom and one more for Breakout Mode
For a breakout and measured move
Open
Open - Gap - Agree
Does the first bar of the day agree with the gap direction?
Open
Open - ORBOMM vs Failed
Opening Range Breakout Measured Move
Open
Open - TFO / TRO
Trend From Open / Trading Range Open
Open
Open - Gap Up H1 - Gap Down - L1
On a Gap Down, traders will usually sell below the first and second reasonable sell signal
Did they succeed or get trapped?
One a Gap Up, traders will usually buy above the first and second reasonable buy signal
Did they succeed or get trapped?
Open is the 2nd leg down
Open - Open/1st move broke YD swing points / TL
Open
Open - Gap Pullback (CHPB or MM)
The opening gap is a big bar,
so we are pulling back 50% - 65%
to do a second leg of that move?
Did we go a measured move of the opening gap?
Open
Open - B1 a good trade?
Bar 1 is the high of low of the day 20% of the time
Could you fade bar 1 and make money?
Open
Open - Gap Bigger than YD Range
Open
Open - Gap Close Trades
How can traders profit from the gap closing vs gap staying open?
Open
Open - Give DAILY traders chance to enter?
Did the gap prevent RTH traders a chance to enter at the best DAILY price?
Trend
Early Exit - Get Back In
Trend continues but you exit above a good opposite bar / scalp distance above any bar
How to get back in?
Trend
Reverse get 1:1 loss back
If traders take a loss, were they able to reverse and make it back or not?
Trend
Swing Stop Hit - 1 more leg / take $ soon
Last swing stop was hit
Don’t reverse yet
Last leg coming and final profits soon
Trend
Swing back to trapped traders
Is it a day where ALWAYS IN traders can get out without a loss?
can countertrend traders also do it?
Trend
Doubles
Expect DT in BL to fail
Expect DB in BR to fail
Market Cycle
Spike, Pullback, Channel
Find Spike, PB, CH, TR areas
Market Cycle
Channel is a test target
Spike Channel then,
TR tests start of channel
Market Cycle
Always in
Find Always in areas
Where does always-in finish?
ie Find TR areas
Market Structure
Breakout and Follow-through
BO+FT Close > H vs Failed
BO+FT Close < L vs Failed
Market Structure
Leg counts
Find 2 and 3 legged moves
Market Structure
Trendlines
Trendlines / CH Lines / test / overshoots
Market Structure
Spike break x 3
Market Structure
Best Trade of the Day
Market Structure
Unluckiest trader in the World
Market Structure
Doubles - DB MM Up / DB Fails MM Down / DT MM Down / DT Fails MM Up
Market Structure
Day Structure - 2R of what?
Market Structure
Leg 2 / 3 Breaks - MM Up / Down
Market Structure
Open Gaps - Swing to hit em
Market Structure
Pullback tells you where MM is
Market Structure
Trendline Break New H Reversal - Jingle
Market Structure
Swing trade?
Market Structure
Wedges and Countertrend wedges
Market Structure
2 tests
Market Structure
2 closes outside of a range / failed BO range
Trades
Breakout and Follow-through ZIGZAGS
Draw the lightning bolt for every 2 legged move
Trades
Reasonable BTC/STC (Always in entries) / failed
Trades
Reasonable STP entries / failed
Trades
Microchannel entries / failed
Trades
CSC (Consecutive) Bars - BO and FT / failed
Trades
Correct Wide Stop Spike H1 / Spike L1 - success? fail? reverse?
Trades
Test good entries (2nd chance entries)
Trades
Good trade failed - graveyard - look to trade away from it, back to it
Trades
2nd Entry trading system
Trades
Fading countertrend traders
Trades
BO and PB Limit order entry - 2nd Leg
Trades
Shaved bar test - 2L
Trades
Weak Reversal Fade
Trades
Enter where other traders EXIT
TRD
OoD - Middle of the day
TRD
Split into 1/3s - 2ES/3ES Low and 2EL/3EL High
TRD
Moves go back to entry
TRD
Use highs and lows to enter
TRD
Scale in 1x or 2x scalp
TRD
Fading flags at extremes
TRD
Fade 3 CSC (Consecutive) Bars
TRD
Always in - AIL BB Prior Bar / AIS SA Prior Bar
TRD
BB BL Spike / SA BR Spike
TRD
BB Weak S Bottom - SA Weak B Top
TRD
Test Spike break / Trendline break
TRD
Test Good Bar Failed
TRD
Test Weak bar worked
TRD
Breaking DT and DB then reversing