My Trading Plan Methodology - May 2018

1. DISTRIBUTION

Pre-Trade
- check Monthly, Weekly, Daily chart
- check Distribution Schematic
- check OBV going down prior to entering trade

Enter (SHORT)
- At UTAD Test or LPSY

UTAD - Batch 1 (breakout at Distribution Trading Range resistance line and then come back)

LPSY1 - Batch 2 (hit Distribution Trading Range support line / PS Line)

LPSY2 - Batch 3 (Rally back up and hit Distribution Trading Range support line)


Stop Loss (LONG)
- SL1 - Above UTAD
-SL2 - Above Distribution TR Resistance Line / PS Line
-SL 3 - Above Distribution TR Support Line


Exit (LONG)
-Target
=> PnF chart
=> Bulkowski Chart Pattern Target calculation


Risk Reward Ratio
>3:1

Acceptable Loss
5%