Welcome to the School of Price Action and Congratulations

on taking the rst step of many in this long but rewarding

journey.

The purpose of this trading plan is to provide some simple

rules to follow and ultimately make these steps become
second nature.

Your pro tability and consistency depends on how well you

can follow your plan in any market condition and emotional
conditions.

I will brie y cover what settings I use and the basics of my

entry level trading plan.

Please note, this trading plan has been tested and has
proved to be very pro table.

Pairs used: US30, GBPJPY

Let's get to work!

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Trading View Settings
& Indicators
 Top Down Analysis
Mark-O Supply / Demand Zones

Using Rectangle tool Mark o Support & resistance

8H Light Blue
4H Dark Blue
1H Grey
15M Dark Grey

Indicators used
EMA Crossover 20/50
Pivots HL

ENTRY
Requirement
minimum 3 Con uences

◦ Con uence on the 5M & 15M.

◦ MA Crossover.
◦ Strong support at a key level.
◦ Strong Resistance at a key level.
◦ Reversal Candlestick pattern.
◦ Validate Trends Draw Trend line Minimum 2 points.

Enter based o matching 5m & 15m con uence

Example
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 Mark o 8H support and resistance in Blue
Mark o 4H if it makes sense
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 Mark o 1H support and resistance in Light Grey
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 Mark o 15M support and resistance in Dark Grey.Apply
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Using an acceptable A / B point at market
structure Apply Trend-line to 8H Time Frame
Apply the SOPA Fib and apply 100% at swing low
and 0% at swing high (Bullish Move)

Note: Flip the b set up for bearish setups

0% at swing low and 100% at swing high
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• Wait for the market to pull back to the 61.8% on the b
and use the 15M Structure as con uence for a possible set
up.
• Wait for break & Retest of structure & Trend-line.
• Set up Entry b
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Apply entry b to the 30M Timeframe.
Set 100% to support side of MS ( Market Structure ) and the
0% to the last swing high at the peak of the Break out side of
the trend line,
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 BEFORE ENTERING A TRADE
ASK YOUR SELF!

• Is the market consolidating ?

• Is there a signi cant level of support or
resistance ?
• Does the set up have multiple con uences ?
• What is the risk to reward ratio ?
• How much capital am I risking ?
• Are there any signi cant economic releases ?
• Am I following the trading plan ?
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Set up your trade using the Entry Fib.
Use the Stop loss Presets indicated in red and locate last
low.
Match your stop with the preset below the last low or wick
Use 78.6% as your nal TP Target & Use con uence from the 4H
Structure.
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Maintaining Trades

◦ Once trade is 10-12 pips in pro t and price has made a new
support / resistance move SL to Entry
◦ Once price reaches new highs / Lowes and meets a new support
or resistance close out at least 20% of your position to secure
those pips
◦ If Price continues in your direction at another key level close 50%
or more of your position to secure those pips
◦ Move SL to BE
◦ Let the rest run to the next key level

Secure The Bag !

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