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Mechanical Trading Plan - Coggle Diagram
Mechanical Trading Plan
Entry Plan
Mapping Your Market Structure
4h time frame?
Daily Time Frame
Bullish market structure
Bearish market structure
What kind of timeframes?
1min - 5 min (scalper)
1h - 4 h (Swing Trader)
Point of interest (POI) to sweep liquidity (Sweep Zone) ????
Supply & Demand zone ????
Where to enter the trade?
Edge/Equilibrium/Extreme
Entry Confluence ????
Inducement
Liquidity
Market Shift
Exit Rules
Stop Lost Placement
Fixed amount of pips behind Supply & Demand (S&D) Zone or swing high/low
Define how many pips
Take Profit Placement
Fixed R
Technical Targets (Next opposite S&D zone or swing high/low)
Trade Management
Where to take partial
How much volumn to remove
Where to trailing stop lost?????
Trade management method
Set & Forget
Trailing Stop Lost (SL)
Partial Profit
What timeframes are the SL/TP on?
Risk Management
Risk per trade & Position Sizing
How much am i risking if scaling
Maximum account exposure ???
Max daily lost before you done for the day