Quick Reference Trading Plan
A guide for trading Daily Charts using
•Pin Bar Reversals
•Inside Bar Break Outs
•Fakey Reversals
•Combo patterns
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Copyright www.LearnToTradeTheMarket.com 2010 - Author Nial Fuller
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Trading Plan and Checklist for Daily Charts
•Developing Responsibility
•Filtering Trades by Finding Confluence
•Quick Guide To Each Setup
•Ways To Enter Each Setup
•Summary
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About Trading Plans
•
NOTE- This is a FIRST ATTEMPT, it took me 2 days to complete and It will likely take many attempts
to get it perfect., it is my FIRST attempt at helping traders with a trading plan or checklist etc,
Please check the document once a month, it will change and be updated. I am passionate about
making this trading plan checklist document very detailed for my members.
•
Let’s Begin ... Trading plans or trading checklists as I call them hold you accountable, provide
general filters/guides for each trade you take. My personal trading plan consists of a list of my
strategies/patterns as well as a filtering check list or “confluence checklist”. The basics of my
personal trading plan combine an entry trigger confirmation signal with a confluent trend or
horizontal level or retracement point (or multiple confluence points). The idea is that by looking
for confluence , each trade entry trigger is justified by a fail safe filter like a level, trend or
retracement point.
•
Example - We see a bullish pin bar, and that pin bar forms at an obvious swing support level,
and the market is above the 21 day ema ,thus we have multiple confluence on the buy side, we
would take that trade given the probability is “bullish”
•
.
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Copyright www.LearnToTradeTheMarket.com 2010 - Author Nial Fuller
What this document contains
• This document contains a quick reference of each of my price
action trading entry triggers, the different ways we can enter
each setup, and the different “filters” or “confluent
alignments” we can use to back up and justify our trades.
• The idea of this document is to provide you quick reference for
each setup, entry types, and how to match up the signals with
confluent levels, trends or retracement points. A suggestion
for each filter for each setup is also included.
• Enjoy ..
Quick Reference of Patterns
•Pin Bar Reversals
•Inside Bar Break Outs
•Fakey Reversals
•Fakey Pin Bar Combo
•Inside Pin Bar Combo
•Long Tail Pin Bar Fakey
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Pin Bars
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Inside Bars
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Combo Pin bar + Inside Bar
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Fakey + Pin Bar
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Normal Fakey Patterns
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Long tail pin fakey
Entering The Setups
•Aggressive and Conservative Entry Types For
•Pin Bar Reversals
•Inside Bar Break Outs
•Fakey Reversals
•Fakey Pin Bar Combo
•Inside Pin Bar Combo
•Long Tail Pin Bar Fakey
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Pin Bar Entry
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Inside Bar Entry
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Standard Fakey Entry type 1
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Standard Fakey Entry type 2
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Fakey Pin Combo Entry type 1
The 4
th
Bar of This pattern acts as the trigger -
Use an “at market order”
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Copyright www.LearnToTradeTheMarket.com 2010 - Author Nial Fuller
Fakey Pin Combo Entry type 2
Conservative entry needs to see the trigger bar 4 close first, then we enter at market
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Entry types for ‘Long Tail Pin’ Fakey (daily chart only)
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Combo entry types
Confluence and Filters for Each Setup
•Pin Bar Reversals Filters
•Inside Bar Break Outs Filters
•Fakey Reversals Filters
•Fakey Pin Bar Combo Filters
•Inside Pin Bar Combo Filters
•Long Tail Pin Bar Fakey Filters
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Pin with trend confluence
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Don’t trade pin bars against trend if you can help it
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Only Obvious 50 to 55%% swing retracement confluence
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Trade pins from key levels in swinging range bound markets
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Favour the trend when looking at consolidation phases
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Inside bar with confluent trend
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Inside bars with confluent levels
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V bottom pattern + Pin bar, if against trend increases odds
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Fakey with trend confluence
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Fakey with confluent levels
Summary of Trading Plan Checklist
and
Justifying Trades with Confluent Filters
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Copyright www.LearnToTradeTheMarket.com 2010 - Author Nial Fuller
Key Observations I have on Confluence
• Entry signals are to be matched up with at least
one or two other confluent filters.
• The majority of confluent confirmation is “to
stick with the obvious momentum”
• Only trade from levels that have proven
themselves as turning points before.
• Only Trade against an obvious trend is there is a
key level which has proven itself before as
support or resistance. (it must be obvious)
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Simple to follow
• A trading plan check list need not be complex
• This trading plan setups checklist is an example of a simple plan
which is easy to follow, you can recall it at any time to help justify
a trade or look for further confluent reasons to back up a price
action pattern/signal
• Always refer to something of this nature to hold yourself
accountable, and to confirm that what you are seeing matches up
with your stated plan of action and check list.
• If you cant make sense of a trade, and it does not contain the
basic principles of this trading plan checklist or one that you have
devised, then DON’T TRADE.
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Copyright www.LearnToTradeTheMarket.com 2010 - Author Nial Fuller
Closing Tip
• DO NOT OVER THINK TRADING, stop trying to work out every fine detail “just
get over it”. The market can’t be solved, it's not perfect, it is not a puzzle that
wants to be put together, so just stop over thinking it and accept it for what it
is.. A PRICE ON A SCREEN
• Nothing is mechanical and nothing will look the same 2 times, each scenario is
different, so I have learned a “way of looking and feeling about the forex
charts”, in time it all becomes clear that there are “basic principles” behind
each profitable trade, the most obvious being that those profitable high
yielding trades always showed me multiple confluence or ‘confirmations’ to
enter.
• Good trading and see you soon
• Nial Fuller