TRADING NOTES

Wann und welche Sitzungen?

 Asiatische Session (Sydney): 22:00 – 07:00
 Asiatische Session (Tokio): 01:00 – 10:00
 Europäische Session (London): 09:00 – 17:00
 Amerikanische Session (New York): 13:00 – 22:00
Currencies to trade:
 PLAN TO GET
PROFITABLE
1. Open a demo/paper trading account
a. Trade on it exactly how we showed you how using your new strategy and correct risk
management while following your plan
b. Make 10% on this demo and paper trading account while following risk management and
your plan
c. This will get you used to emotionless/boring trading.
d. You won’t be sad about a loss because there won’t be money lost
e. You won’t be happy about a win because there won’t be money won
f. Once you make 10% move to the next step.

2. Open a small $100 account

a. Repeat the steps above
b. Use risk management and your trading plan
c. Make 10% on this small account i. That means $10 dollars
d. This will get you used to losing your own money but not enough for you to be emotional
about it . You lose $1 dollar per trade and make 1-3 dollars per trade . No emotion
e. Make 10% and move to the next step

3. Open a larger account 1-5 thousand dollars

a. Repeat steps above
b. By now you should have emotions and risk management under check because you have
built the habit
c. Make 10% on your larger account i. Use risk management and follow your trading plan .
No emotion should be had over a win or a loss . This is still not about money its about the
skill
d. Make 10% and move to the next step

4. Open a funded account with a prop firm

a. The prop firm will give you 2 challenges to complete . If you were able to do the past 3
steps these challenges should be a cake walk. Because the challenges are literally to make
10% and to maintain good risk management
b. Pass both challenges and you will be funded with an account to trade on
c. Trade on this account and continue to practice risk management and your plan until you
reach a payout
d. Once you receive a payout create a new live account and deposit the payout money into the
live account and now trade both the new live account and the funded account
e. You will continue depositing your payouts from the funded account into your live account
until your live account is 100k+
f. From here you can either keep the funded account and continue trading on it or just move
over to your live account

5. Trading your 6 figure live account

a. By now you will have day trading mastered and can consider yourself a professional
b. Continue following risk management and your trading plan and understand that due to
those two things that is what got you to the position you are in to have that 6 figure account.
c. Keep building this account and make sure to pay yourself and see the rewards of your hard
work that you put in the past several months to get you to this point

TRADING PLAN
Risk:

 How much to risk: 1%-3%

 Calculated lot size
 One trade a day, no matter if it is a win or loss
Trading time:

 NY Killzone (15:30-17:00)
 Look for news
 Limit extra trades and risks, more probability

FOREX / FUTURES Strategy:

 (FOREX) Session Opens
 Identify daily bias
 On 15min TF mark out unviolated BSL and SSL
 Look for first liquidity to be swept
 Look for Break of Structure (Tjr)
 Enter
 If BOS missed, wait for retracement
 Stop Loss: Below Low/High Liquidity, after Take Profit 1 move it to entry, then after
each Take Profit move 50% up/down
 Take Profit: Previous Low/High Liquidity, don’t put it too high
 Optional: Mark the previous sessions highs and lows in the 30min TF, this can
basically be used as FVG
https://www.youtube.com/watch?v=T-Bo-9GDi3s
Liq sweep+ Bos: orders had the potential to get filled and were
confirmed that they were by a bos
Liq sweep + BOS + OB: orders had the potential to get filled and
were confirmed that they were by a BOS and we waited for the price
range where orders were filled prior to get hit to get an optimal entry
Liq sweep + BOS+ FVG: orders had the potential to get filled and
were confirmed that they were by a BOS and we waited for the price
range where there was a lack of liquidity in the market in the opposite
direction of our bias to get hit for us to enter
Liq sweep + BOS+ FVG/OB+ EQ: orders had the potential to get
filled and were confirmed that they were by a BOS and we waited for
the price range that has either an OB or FVG along with it being in a
discount to enter
TJR Trading Plan:
When will I trade:

 NYSE open (1 hour into session open if there are no trades to take I won’t trade)
I will NOT trade any other time of day How will I enter a trade:
Liq sweep + BOS entry (stop loss above liq sweep)
Order block entry (stop above liq sweep)
FVG or equilibrium entry (stop above/below previous market structure) How
much will I risk:
1% of my whole account per trade How many trades will I take a day:
1 trade a day that is it
I will be okay with a loss and I will be okay with a win no matter the outcome
When will I not trade:
CPI news report days
NFP (non farm payroll)
PPI news days
FOMC days
Any other Red or orange folder news day that highly impacts market and price
data
I will never trade during these high impact news days
Advice for myself:

 Be okay with taking a loss

You won’t win every trade
You are human. humans make mistakes
Be emotionless after a win
Understand that you have an edge in the market and you have probability within
your strategy so a winning trade is probable
 Understand you are trading off probability not hope
Do not hope/wish your take profit to get hit
Understand that no matter if you win or lose today in the long run you will be
profitable using risk management and your strategy due to probability
Never stray from your trading plan

CANDLESTICKS
Price Movement
Wick = where candle moved to but was not strong enough to
stay at and close in full body

Only make decisions with finished Candlesticks, not forming

Candlesticks
Candlesticks and patterns are not used to determine market
trend

TRENDS
Market Direction
 Break of Structure

Uptrend:

Downtrend:
Highs and Lows:

High: Up Candle -> Down Candle

Low: Down Candle -> Up Candle

MARKET
STRUCTURE
SHIFT
 LIQUIDITY
The Market’s Flow
Liquidity Sweep

What is Liquidity?:
Market movement hinges on liquidity, with no structural shifts occurring
without a liquidity sweep. In essence, when big players like banks and
institutions enter the market, they create significant buy or sell orders, causing
prices to move. This movement typically targets breaking through previous
highs or lows, triggering both buying and selling by retail traders. This provides
ample liquidity for institutional orders to be filled. Liquidity sweeps, often seen
at market opens, exploit this phenomenon, making early trading hours prime for
significant market moves.

Happens in higher time frames

Liquidity market going down:

Liquidity market going up (rare):

How to spot liquidity sweep:

Liquidity hits candle = displacement
Liquidity hits wick = Liquidity Sweep
 SESSION HIGHS
METHOD
(FOREX)

1. Mark sessions (Asian, London, New York)

2. Go to 30 min TF and mark session highs and low like
this:

3. Wait for those to get hit, broken through or swept and

look for more confirmation as learned
 RISK
MANAGEMENT
It's just two rules but somehow some way you guys manage to mess it up every
single day.
DON’T OVERLEVERAGE AND OVERTRADE. DON’T OVERTRADE AND
OVERLEVERAGE.
Imagine it is against the law. Don’t do it. Ever. There is no perfect setup there
isn't a perfect revenge trade coming there isn't. it's all in your brain trying to
convince you to take another trade. I won’t talk about how we can control those
emotions just yet but let's make this very simple for you guys.
Take 1 trade a day. Risk 1-3% of your whole account size. Anything more you
are stupid and already broke your rules and you need to reread lesson 1. All you
need is 1 trade at 1-3% risk a day. That is it. That will and has paid my bills so
there is no reason why it shouldn't pay yours. If you take 3 trades a day, reread
lesson 1. If you risk 10% on a trade reread lesson 1. The second you fuck up its
trouble.
The hardest part about this is just the fact that there is no fun in it. People think
day trading is fun and games and money. When in actuality it isn’t. I wake up
and do the same thing every morning. Risk the same amount every morning and
trade the same thing every morning. It gets boring fast. And someone who
thinks day trading is all about money and flashy stuff having to do the same
thing over and over again its very easy to say hey why not trade again today
why not overleverage my strategy has been working. Once you do that you
messed up.
So to recap: take 1 trade a day, and risk 1-3% of your whole account nothing
more. Should be easy. So make it easy on yourself and actually do it.
 FAIR VALUE GAPS
A fair value gap is like an empty space in the market where there are no buyers
if the market is going down, or no sellers if it's going up. So, if the market
creates this gap, it might move back there to fill more orders because there's no
one going against the trend. This means if the market was going down and left a
gap, it could go back to that spot to fill more sell orders. But once it's filled, that
gap is done. If the market changes direction, the gap becomes irrelevant. Fair
value gaps are mostly used to predict where the market might bounce back, not
for making trades. They're often filled halfway, and I use a Gann box to track
them.

How to spot Fair Value Gaps:

A fair value gap is a 3-candle pattern on a chart. The first candle's wick doesn't
cover the second candle's body, which shows a strong move. The third candle's
wick doesn't reach the first candle's wick. Drawing fair value gaps involves
creating a box from the bottom of the first candle's wick to the top of the third
candle's wick in a downtrend, and vice versa in an uptrend. Picture time:
What is NOT an FVG?:

If wicks overlap, it means the FVG got broken through,

meaning market will go the direction it broke through
 INREVERSE FAIR
VALUE GAPS
This is basically a bullish/bearish value gap that gets
disrespected and broken through, meaning market is
going in the direction it broke through.
MARKET NEWS
Forexfactory.com
 ORDER BLOCKS
I like to call order blocks our safety net. I frequently use these if I miss the
liquidity sweep break of structure entry or if the break of structure is so high or
so low that makes the risk to reward not worth taking. Why are they useful to
use what are they? Well remember when we said market will sweep liquidity by
moving up through a high and then in turn that move up will fill those massive
orders placed by banks, institutions, and funds. Yes well that move up that price
range is where those orders got filled in turn making that price range a order
block. Ah isn’t that a clever little name for it. Same thing to the downside. The
downward (fakeout) move to make people go short causing the liquidity sweep
followed by the break of structure is where those massive orders are filled.
Wouldn’t it make sense for banks and institutions to draw price back into that
area and fill more orders because that's where they were able to fill orders
previously. Yes yes it would. So simplified what is it, The upward move prior to
the break of structure in an uptrend causing market structure to shift into a
downtrend. And the opposite is the downward move prior to the break of
structure in a downtrend causing a market structure shift to the upside into a
uptrend.
How to spot them in the market:
They are draw from the last candle prior to
the liqudity sweep to the end of the sweep
BREAKER BLOCKS
 EQUILIBRIUM
Equilibrium is a super easy concept to understand. It is literally the 50% level form the high
to the low in an uptrend or the low to a high in a down trend. Why is that 50% level important
to us. Well because anything below equilibrium is a premium and what do we know about the
market makers they like those juicy discounted prices so would they likely fill more orders in
a premium or would they rather wait for price to push into a discount then fill more orders.
Exactly they are going to get in at the best price possible. This is similar to the FVG in that it
is a retracement tool. We use it to find retracements in the market. We can use either the gann
box or the fibonacci tool to mark it out on the chart. I use the gann box just cause its easier.

How to draw it: In an uptrend you take it from the previous low to the most
recent high. In a downtrend you take it from the previous high down to the most recent low.
Then you wait for price to get into that 50% level and snipe it. Picture time:
 DAILY BIAS
1. Go to higher timeframes and see where market is
moving
2. Keep going lower and look for building blocks
(Liq Sweeps, BOS, FVG, OB)
3. Once you get enough confirmation that market will
go into the desired direction, enter of off the higher
time frames
 EXECUTION OF
STRATEGY
How to enter:
Only 2 ways to enter:
 Liq sweep + bos + fvg/ob
 Daily bias + Liq sweep + bos + fvg/ob

Check list:
1. Look for Liq sweep
2. BOS
3. Building Blocks: FVG, OB, BB
4. If you missed BOS, wait for retracement to enter
5.
How do they give us entries when put together?
Lig sweep+ Bos: orders had the potential to get filled and were confirmed that they were by a
bos
Liq sweep + BOS + OB: orders had the potential to get filled and were confirmed that they
were by a BOS and we waited for the price range where orders were filled prior to get hit to
get an optimal entry
Liq sweep + BOS+ FVG: orders had the potential to get filled and were confirmed that they
were by a BOS and we waited for the price range where there was a lack of liquidity in the
market in the opposite direction of our bias to get hit for us to enter
Liq sweep + BOS+ FVG/OB+ EQ: orders had the potential to get filled and were confirmed
that they were by a BOS and we waited for the price range that has either a OB or FVG along
with it being in a discount to enter