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Trading Plan Example - Ultimate Swing (Profitable Swing) Ghui

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0% found this document useful (0 votes)
159 views23 pages

Trading Plan Example - Ultimate Swing (Profitable Swing) Ghui

Uploaded by

teamgenzfashion
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

The following is intended to be studied in Demo

Account Only.

Profitability is NOT Promised Nor is it


Guaranteed.
The Price Trader
Professional Trading Course

By The Price Trader


Copyright 2022 | www.thepricetrader.com | All Rights Reserved.

This presentation is intended for paid members of The Price Trader Professional Trading Course only & permission is not given to
resell, host, or share for public or paid viewing apart from mediums associated with The Price Trader
THE PRICE TRADER
Risk Disclaimer & Disclosure Statement
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL
TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF
LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY
ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Forex Risk Disclosure: The National Futures Association (NFA) and CFTC (Commodity Futures Trading Commission), the regulatory agencies for the forex and futures market in the United States, require that customers be informed about
potential risks in the forex market. If you don't understand any of the information provided on this page, please contact us or seek advice from an independent financial advisor. Risk Associated with Forex Trading Off-exchange foreign
currency trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider
your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You
should be aware of all the risks associated with off-exchange foreign currency trading and seek advice from an independent financial advisor if you have any doubts.

WWW.THEPRICETRADER.COM MARKET OPINIONS:


Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. https://www.thepricetrader.com, The Price Trader, will
not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Accuracy of Information The content on this website is subject to
change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. https://www.thepricetrader.com has taken reasonable measures to ensure the accuracy of the
information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure
of the transmission or the receipt of any instruction or notifications sent through this website.

Trading performance displayed herein is hypothetical. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits
or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical
performance trading results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of
financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous
other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual
trading results.

U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to
invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve
profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person’s investment
objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade.

You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual
performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. The risk of loss in trading
can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. If you purchase or sell Equities, Futures, Currencies or Options you may sustain a total loss of the initial
margin funds and any additional funds that you deposit with your broker to establish or maintain your position. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional
margin funds, on short notice in order to maintain your position. If you do not provide the required funds within the prescribed time, your position may be liquidated at a loss, and you may be liable for any resulting deficit in your account.
Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market makes a “limit move.” The placement of contingent orders by you, such as a “stop-loss” or “stop-
limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.
Recommended Broker
Trading Style Guidelines

Direction - use 1W & 1D Charts


Outline OBs and FVGs- use 1W and 1D
Trade Execution - use 1H
Finetune Entries - use 15mins Chart

Note:
The Example used in this Trading Plan is based on a Swing trading style of trading.
This does NOT limit the use of these concepts in any style of trading
The above timeframe guidelines are NOT fixed in stone but it is recommended to use at least 3 timeframes in your trading.
THE PRICE TRADER

Swing Trading Example


Trader Profile: Personality Very Patient – Finds No Time In Short Term Or Intraday Risk.
Price alerts are sent via Text message to alert when key reference points are reached.

Optimal Model: Swing Trading 1-3 Weeks In Duration.


Time Available: Open To Market Conditions
Trade Objectives: 100-200 pips on average.
Trade Frequency: 1-2 times per month.
Trading Days Of Focus: Any Day Of Week.

Note: These conditions may change significantly depending on your Trading Style of choice
THE PRICE TRADER

The Model
Higher Timeframe
1W/1D Direction
Determined

Higher Timeframe
1W or 1D OB or FVG
Hit

Reference Point
Enter on 1H BMS or
FVG left after BMS
Entry
THE PRICE TRADER

Framework STOPLOSS
BULLISH

for Entry KEY LEVEL


BUYSIDE
LIQUIDITY
TAKEN

This is what you need to see


forming to begin hunting for trade ENTRY
MSS
entries in the 1H after 1W or 1D OB
or FVG is hit FVG FVG

MSS
ENTRY

SELLSIDE
KEY LEVEL
LIQUIDITY
TAKEN STOPLOSS
BEARISH
THE PRICE TRADER

Tip
Backtest these
concepts and
setups

Bearish Example
These are setups that repeat multiple
times. They repeat almost everyday
and every week.
The General Procedure
Preparation

Trade Opportunity
Management Discovery

Trade Trade
Execution Planning
THE PRICE TRADER

PREPARATION
1. Check Economic Calendar.
2. Determine Weekly Bias.
3. Determine Daily Bias.
4. Outline Weekly and Daily Highs/Lows, FVGs and Order Blocks (NEAREST TO PRICE
AND OBVIOUS).
5. Anticipate price to move into 1W or 1D OB or FVG in the direction of the
Weekly/Daily Bias on a day of Economic Event (High Impact or Medium Impact
only).
6. Set alerts on these levels for instant notifications once they are hit.
THE PRICE TRADER

OPPORTUNITY DISCOVERY
1. Identify Previous Week’s Lows, Previous Days' Lows or Intraweek Lows, Session
Lows, and Discount OB or FVG when the bias is BULLISH.
2. Identify the Previous Week’s Highs, Previous Day's High or Intraweek High, Session
Highs, and Premium OB or FVG when the bias is BEARISH.
3. This is your Range of Opportunity.
4. Expect a Weekly Range Expansion in the direction of the Weekly or Daily Bias.
EXAMPLE
THE PRICE TRADER
TRADE PLANNING - BEARISH
We will sell 1W/1D Chart Premium OB or FVG coupled with London Open Session or
New York Open Session Time.

BEARISH
We will use 1H to Frame our Entries.
We will frame a Sell Entry when the price moves up into a 1H Shift in Market Structure after hitting a
1W/1D Bearish OB or Bearish FVG..
We will aim to capture the High of the Week during London Open or New York Open Session when
Weekly Bias is Bearish.
We will use the 15mins Entry to fine-tune at the potential turning point to reduce risk.
We aim to enter when the market is in a Premium.

TARGETING
Target Sellside Liquidity below your Entry
The next logical Discount OB or FVG at 100-200pips will be the initial objective.
Use the lows that frame 100-200pips.
Aim for Setups that allow for a 3:1 Reward to Risk.
THE PRICE TRADER
TRADE PLANNING - BULLISH
We will Buy 1W/1D Chart Discount OB or FVG coupled with London Open Session or
New York Open Session Time.

BULLISH
We will use 1H to Frame our Entries.
We will frame a Buy Entry when the price moves down into a 1H Shift in Market Structure after hitting a
1W/1D Bullish OB or Bullish FVG..
We will aim to capture the Low of the Week during London Open or New York Open Session when
Weekly Bias is Bullish.
We will use the 15mins Entry to fine-tune at the potential turning point to reduce risk.
We aim to enter when the market is in a Discount.

TARGETING
Target Buyside Liquidity above your Entry
The next logical Premium OB or FVG at 100-200pips will be the initial objective.
Use the highs that frame 100-200pips.
Aim for Setups that allow for a 3:1 Reward to Risk.
THE PRICE TRADER

TRADE EXECUTION
1H is used for Execution. Use 1W/1D Chart for direction. Use 1W/1D for OBs and
FVGs.

When do you trade?


Monday
Tuesday
Wednesday
Thursday
Friday

Where do setups form?


1W/1D FVG
1W/1D OB
1W/1D Liquidity Run
THE PRICE TRADER

BEARISH
We will use 1H to Frame our Entry once Premium 1W/1D OB or FVG is hit.
Enter once 1H Breaks Structure leaving a FVG and retests it.
Market Structure Shift is the CONFIRMATION.
Enter on Retest of Market Structure Shift Area + FVG.
SELL WHEN THE MARKET IS MOVING UP INTO PREMIUM. AS IT RETESTS IT.
Target Nearest Sellside Liquidity.
Aim for 100-200pips per trade.
STOPLOSS is placed above the High that took out Liquidity based on course teachings.
Add 2 pips for Spread in the Stoploss.
Aim for 1:3 R-multiple setups.
THE PRICE TRADER

BULLISH
We will use 1H to Frame our Entry once Discount 1W/1D OB or FVG is hit.
Enter once 1H Breaks Structure leaving a FVG and retests it.
Market Structure Shift is the CONFIRMATION.
Enter on Retest of Market Structure Shift Area + FVG.
BUY WHEN THE MARKET IS MOVING DOWN INTO DISCOUNT. AS IT RETESTS IT.
Target Nearest Buyside Liquidity.
Aim for 100-200pips per trade.
STOPLOSS is placed below the Low that took out Liquidity based on course teachings.
Add 2 pips for Spread in the Stoploss.
Aim for 1:3 R-multiple setups.
THE PRICE TRADER
TRADE MANAGEMENT
EXIT LOGIC
Take Profit Target Hit - Manual or Auto.
StopLoss hit - manual or auto
Trade has exceeded the Time stop loss of 1-3 weeks max. Ideal time 2 weeks.
Opposing Entry Pattern created on the 1H.

ALWAYS TAKE PARTIALS


Take the majority of your position off @ 100-200pips or Logical Low/High.
Leave a 20% runner for any extended move.

RISK MANAGEMENT
Maximum Risk per trade = 1%
In case of trade loss, reduce R% by 50% on the next trade until you recover Drawdown.
In case of 5 consecutive winning trades, reduce R% by 50%.
THE PRICE TRADER

SAMPLE SETUP CHECKLIST

1. 1W/1D DIRECTION DETERMINED


2. 1W/1D FVG OR OB HIT - OBVIOUS AND NEAREST
3. SESSION IS LONDON OR NEW YORK OPEN.
4. 1H HITS 1W/1D OB OR FVG.
5. 1H TAKES OUT LIQUIDITY AND THEN REVERSES.
6. SHIFT IN MARKET STRUCTURE.
7. LEAVES AN IMBALANCE.
8. SEEK FOR ENTRIES INSIDE THE IMBALANCE.
9. TARGET OPPOSING LIQUIDITY.
10. USE 1H TO FRAME ENTRIES.
11. STOPLOSS AT HIGH/LOW THAT TOOK OUT LIQUIDITY.
THE PRICE TRADER

OBJECTIVES
1. Monthly Objective = 200pips
2. Monthly Objective = 6%
3. R-multiple average = 3R

NOTE:
Once you hit your objectives, STOP!
THE PRICE TRADER

TRADING RULES EXAMPLE


Set RULES that are easy to follow and that are CRUCIAL to your trading
success. Make sure you follow all rules by reviewing all your trade setups.
1. ALWAYS TAKE PARTIALS.
2. SELL @ PREMIUM, BUY @ DISCOUNT.
3. ALWAYS PLACE A STOPLOSS.
4. 1W/1D OB OR FVG MUST BE HIT BEFORE ENGAGING.
5. WAIT FOR THE MARKET STRUCTURE SHIFT ON 1H FOR TRADE
CONFIRMATION.
6. ALWAYS MANAGE DRAWDOWN.
7. Entries MUST be done during SESSION (LO OR NYO SESSION ONLY).
8. When Bearish… Entry MUST be at Premium.
9. Add +or - 2pips to StopLoss for Spread.
10. When you take a trade loss… Don't enter another trade immediately.
Evaluate the narrative or execution to consider another entry.
11. When you win a trade… Don't enter another trade immediately. Tape read
for at least 30 minutes before considering another entry.
THE PRICE TRADER

LESSON EXERCISES
1. Formulate your Trading Plan based on the concepts taught in
this course that you will use in your Analysis and Trading.

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