Entire Trading Process In 1

Place (Step By Step and

running document AKA
will be added to over
time)
Pips2Profit
Cameron Benson
 Ever Simpler Break Down…
Step 1: Broad Spectrum Step 1 Notes:
a. What Trade Setup are we looking for/at? 1. Each one of these setups has it own
i. Day 2 Trend characteristics.
ii. Parabolic Short Squeeze/Trend 2. Setups can present themselves in combinations
iii. Day 3 Reversal a. Such as Day 2 Trend but it presents as a
iv. Day 3 Trend parabolic trend trade.
v. Signal Day b. Such as a day 3 reversal turning into a
1. FRD/FGD short squeeze.
2. Inside Day
3. 3 Days Previous Days High/Low
vi. Weekly Template
1. Monday-Friday (OR/IB)
vii. Low Hanging Fruit (Trend Continuation)
Depending on the Trigger Day will dictate what
you are looking for on actual trading day

First Red Day:

1. Mark consolidation at the end of the day. Mark consolidation at the end of the day and wait
2. Look for high of day trade on current day for:
3. Look for high of session trade
4. Look for 3 sessions of build up before rolling 1. High of day trade
over (High of Day Trade) 2. High of Session Trade
5. Look for Asian Rollover (Breakout, pullback 3. 3 Session Build Up (Asia, London, New York)
continuation) measured move 4. Low Hanging Fruit Continuation
6. DO NOT LOOK TO COUNTERTREND
Depending on the Trigger Day will dictate what
you are looking for on actual trading day
First Green Day
Criteria: Dump Day prior to the First green day. On
the first green day price has closed above the open.
Mark consolidation at the end of the day and wait
for..
1. Look for Parabolic trend trade
2. Look for low of day trade
3. Look for low of session trade
4. Look for the parabolic short squeeze
5. DO NOT LOOK TO COUNTERTREND
Step 3: Depending on the Trigger Day will
dictate what you are looking for on actual
trading day
Inside Day
Criteria: Mark off end of day consolidation and previous days
high and low and wait for…
1. Day where price has not touched either the 1. False break reversal (High/Low of previous
previous days high or low and CLOSED within day, current day, session). Profits to be taken
the range. at other end of the extreme.
2. Trend Trade to one of the extremes
(Breakout of initial consolidation, pullback,
continuation) Profits to be taken using range
expansion tool or at the extreme.
Depending on the Trigger Day will dictate what
you are looking for on actual trading day
3 Days Previous Days High/Low

Criteria: Process:

1. 3 Days of previous days high/low broken 1. Draw trendline

2. Draw End of day consolidation
without touching the other end of the range.
3. Identify Trapped Traders
2. If there is a false break at the previous days 4. Wait for trendline to break (Break of
high/low and the next days continues the structure)
move, considered a reset. 5. Wait for..
a. High/low of day trade
b. High/low of session trade
c. Low hanging fruit continuation
d. Parabolic/Capitulation style trades
Identify The Parabolic Trade BEFORE It Happens
1. Characteristics: EURCAD 3 MIN Chart
a. Peak Formation High.
b. Valley Low.
c. Consolidation in between the two formations
with ascending support.
d. Consolidation with occur under a high before
the explosion upwards.
e. More often than not, there will be some sort of
violent pullback just prior to the upwards thrust.
The Process 1.

2.
Identify a market that has present an obvious peak
formation high/Valley Low.
Mark off the consolidation at the end of the day (Last
swing high/low of the NY Session.
3. Observe to see if the market splits the range and
consolidates on top.
4. Observe to see if the market presents a “parabolic
channel”.
5. Look to enter on the stop hunt back down against the
parabolic “dragging trend”.
6. Using a range expansion tool, Identify 2 full
expansion of the days consolidation and look to take
profits in those areas.
Short Squeeze Characteristics
1. 2-3 Day Trading Setup
2. 2-3 Day of Previous Days Low Triggered into the
market.
3. Must have a “Dump Day”
4. Must have a Break In Structure to the upside.
5. Looking for “trend” back into the Low of Week
(LOW)
Short Squeeze Considerations
1. Should build a 1-2 Day Rectangle AT THE LOW OF THE WEEK.
2. Best In Combination with other signal Day Confluence (FGD/3 Days of
1. Should Breakout
build a 1-2 Day Rectangle AT THE LOW OF THE WEEK.
Traders).
2. 3. In Meant
Best to be a high
Combination withtier setup
other (Range
signal DayExpansion Opportunity)
Confluence (FGD/3 Days(Better
of Breakout Traders).
3. Risk to Reward)
Meant to be a high tier setup (Range Expansion Opportunity) (Better Risk to Reward)
4. Watch for the LOW BEAR CANDLE. It is important when using this setup.
4. Watch for the LOW BEAR CANDLE. It is important when using this setup.
 Low Hanging Fruit: Trend Continuation

1. Part of a larger underlying trade setup, that has already started to

move prior to your session.
2. Trend Style Trade.
3. Looking for the 1st bounce on the 1Min/15Min Chart.
4. Has completed a 25-75 Pips Stop Hunt against the current trend
(Depending if you are trading Currencies/Index/Oil/Gold.
Identify Ideal Trading Days

1. Get to computer before session starts.

2. Go through pairs:
a. XAUUSD
b. NAS100
c. Oil
d. GBPUSD
e. GBPJPY
f. EURUSD
g. USDJPY
h. EURJPY
3. Using previous days high and low identify:
1. Was there a signal day yesterday (If not move on from this pair)?
2. What day are we in the 3 day cycle?
3. How many days has the previous days high or low been hit in 1 direction?
4. What Day are we in the week? (OR/IB)
Step 2: Med Spectrum Decisions

1. Which pair is setup the best.

a. Narrow down your selection from 8 pairs down to 1-4.
b. DECIDE WHICH LOOKS THE MOST CLEAN AND STICK TO
THAT PAIR ONLY!!!
c. Now, narrow it down even more…
Step 3: Narrow Spectrum (Looking for the
trade)
1. Have narrowed it down to 1 pair.
2. Currently only watching this one pair.
3. KNOW WHAT YOU ARE LOOKING FOR BASED OFF YOUR SETUP.

“Ok, it all looks good, but where do I enter? When do I enter?????”

 What Is My Entry Criteria??
*PRIOR TO EVEN THINKING ABOUT TAKING TRADE, ALL OTHER CRITERIA MUST BE MET:
● SIGNAL DAY
● AT APPROPRIATE AREA OF CHART
● PRICE ACTION BEHAVING ACCORDINGLY
● NO NEWS
Entry Criteria:
1. High or low has been formed..
a. Weekly
b. Dailly
c. Hourly
2. Price has traded back into the high or low in a 3 push variation
a. 3 burst stair step (Usually ending in a 1,2,3 candles to the high or the low)
b. Triple top/bottom (High/low being worked)
3. Must have some type of break of structure (UNLESS IT IS A LOW HANGING FRUIT CONTINUATION OF EXISTING
MOVE/FIRST BOUNCE STYLE TREND TRADE)
4. Chart patterns has formed (1 Min). Can be apart of larger pattern (15min) but entries are taken on the (1min)
(M, W, Triple Top/Bottom, Head and Shoulders)
5. Engulfing Candle (At appropriate time of the day) (explained in next slide) (First Entry)
6. Pinhammer (Second Entry)
 The time of the engulfment…
1. The chart pattern should be formed (Step 4 Entry Criteria) when the engulfment occurs…BUT
a. Looking for engulfments going into a New hour/15 min candle
b. I want to see that other traders are trapped in the wrong direction…
2. You are trying to identify the wick of a 15min/1H candle before it forms.
3. Looking for a compression of price after a 15min/1H open.
4. Looking for a new time rotation to open and price to DRIVE into a level, and begin to trap people trading in the wrong
direction.

LOTS OF EXAMPLES TO COME! Next Slide…

That was a lot…how is that simple…?!?!?

In its simplest form, without all of the supporting information, looks something like this…

1. Identify potential trade setups (Nightly/premarket analysis).

2. Narrow down pairs to 1-3 based off which are setup the best (based off criteria)
3. Narrow down to ONLY 1 pair to focus on for the session.
4. WAIT FOR BREAK IN STRUCTURE. Initiate Entry Criteria.
5. Go through entry criteria. Ensure all criteria is met (minus the engulfment of course)
6. Take note of time, look to see where traders are trapped.
7. Entry of trade setup.
8. Add into winner with time engulfment confirmation.
Step 1 Example
First Red Day Example 1
“Failed Breakout”
First Red Day Example 2
First Red Day on smaller time frame (15 Min/1 Min)
Example 3

1 min time frame

15 min time frame
First Green Day Example 1
First Green Day Example 2
Inside Day Example 1
Inside Day Example 2
Inside Day Example 3
3 Days Previous Days High Example
3 Days Previous Days High Example 2
3 Days Previous Days High Example 3