Weekly/Daily/4H/1H/30mins timeframes (select 2)
 Ensure that price is range bound/strongly respecting S/R on the higher timeframe (✓)
 Go down to the lower timeframe and identify the accumulation/distribution/swing point (✓) Head and Shoulders/Fading Bulls
 Plot out ST-TL and LT-TL confirmed by the 30SMA and 150SMA. As price is range bound, will be looking for the existing ST trend to reverse. (✓)
 Price breaks and closes the ST-TL and 30SMA (✓)
 Stop order at the break of the accumulation/distribution structure (✓)
Additional confluences: Head & Shoulders, Support/Resistance on the lower timeframe, Fibonacci Retracement, Candlestick Patterns on the higher timeframe
1% capital risked for potentially 2.1R
Open: 1.011 | Stop loss: 1.023 (-120 points) | Take Profit: 0.9856 (+254 points)
Remarks: Stop loss might be a bit too far. Should have adjusted after the 30/150 SMA cross.
At entry, stop loss placed under/above the lowest/highest point of the support or resistance on the higher timeframe. Moving average cross and TL
Take profit placed before the support or resistance that makes up the range.
Extra: Stop loss brought lower. This is where the stop loss should have been placed initially. Above the moving average cross and +1ATR away from the swing high. Point to note in the future. If stop loss had been placed here originally, potential R-performance would have been 2.5R instead of the current 2.1R.
After the show of weakness from the bears, should have placed a trailing stop at orange arrow. Can always open a short position again, instead of holding on.
Extra: Shifted stop loss lower. Risk is now halved from initial taken and more than +1ATR away from the latest swing high
At 50% of the range, LT-TL or 150SMA – shift stop to breakeven.
At 80% of the range, shift stop to 50% mark or below/above swing L/H.
If price breaks and closes past the 30SMA on HTF or 150SMA on LTF, tighten stop loss and prepare for manual exit.
 Initial stop loss
 Trailing stop, as mentioned under management
 Manual exit due to change of momentum and break of market structure
 Take profit