Scribd
Upload
233 views19 pages

Weekly Trading Strategy Recap

This document provides guidelines and concepts for trading Asian currency pairs. It outlines specific sessions to trade in, times not to trade around news or holidays, and core concepts like trade setups, price action patterns, and areas of interest. The mindset section emphasizes having a plan, managing emotions, and focusing on an easy to understand system. It also describes using the Asian range, formed from the highest high and lowest low between 8PM-2AM NYEST, as the opening range and basis for trend determination and projection on the daily chart. Examples of daily templates for bull and bear trends expanding or contracting the Asian range are shown.

Uploaded by

arun pingale
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
233 views19 pages

Weekly Trading Strategy Recap

This document provides guidelines and concepts for trading Asian currency pairs. It outlines specific sessions to trade in, times not to trade around news or holidays, and core concepts like trade setups, price action patterns, and areas of interest. The mindset section emphasizes having a plan, managing emotions, and focusing on an easy to understand system. It also describes using the Asian range, formed from the highest high and lowest low between 8PM-2AM NYEST, as the opening range and basis for trend determination and projection on the daily chart. Examples of daily templates for bull and bear trends expanding or contracting the Asian range are shown.

Uploaded by

arun pingale
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
  • Strategy Introduction
  • Rules Before Trading
  • Core Concepts
  • The Asian Range Strategy

Strategy

Asian Range LS
Pips2Profit
Cameron Benson
Rules Before Trading
(When/When Not To Trade)
1. Only Take Trades In Your Session. All times are Eastern Standard Time.
a. Asian Session: 8-11PM
b. London Session: 2-5Am
c. New York Session 8-11AM
2. Do not take trades before the news.
a. I do not take trades before the news due to market generally being manipulated (prepared) for the news
announcement.
3. I do not trade the New York Session on FOMC Days.
a. Market usually choppy/manipulated in some kind of accumulation pattern.
4. I do not take trades the day after a 3 day holiday weekend.
Core Concepts
1. Trade Setups 2. Price Action 3. Areas Of Interest
a. Signal Days
i. 3 Days Previous Days High/Low a. 3 Levels a. Number Box (50,100 Pips Box)
ii. Inside Day i. Daily/Weekly b. Current High/Low Of Day
b. 3 Push Variation c. Previous Days High/Low
iii. First Red Day/First Green Day
i. Stair Step d. Current Week High/Low
b. Opening Range/Initial Balance ii. Triple Top e. Previous Weeks High/Low
i. Daily iii. 3 Bar 1,2,3 f. OR/IB High Low
ii. Weekly iv. 1,2 Pause 3 g. Asian Range High/Low
c. 3 Day Cycle c. M, W, Head & Shoulders
i. Day 2 Trend d. Market Structure
i. Higher High/Lower Low
ii. Day 3 Trend/Reversal
ii. Lower Low/ Higher High **1/5/15 Minute Timeframe

Mind Set:
1. 1-2 Trades a Day MAX. More time watching market does NOT equal more money.
2. Only watching 8 Pairs Total, and narrowing it down to 1-3 within the day. Watching more pairs does NOT equal more money.
3. “It looks like to should go a direction” is NOT A TRADE SETUP.
4. “If the market does this, I will do this” statements. HAVE A PLAN!
5. Your trade plan will make you money. Your ability to manage your emotions is what keeps the money in your pocket and not capitulating weeks
of positive results into the toilet.
6. I need a system that is easy to understand, duplicatable, and rules based.
3 Days Previous Days Low
3 Days Previous Days High
Inside Day (Trend)
Inside Day (Trend)
Inside Day (False
Break)
First Red Day
Day 3 3dc Reversal

Previous Weeks High


Day 3 3dc
Trend
The Asian Range
1. 8PM-2AM NYEST
2. I take the highest high/Lowest Low and Project my lines.
3. Is the Opening Range for the DAY.
4. Trend Days=DO NOT COUNTERTREND RANGE EXPANSION DAYS
Daily Template Examples (Asian Range)
Bull Trend Model

Bear Trend Model


Daily Template Examples (Asian Range) CONT.
Stop Hunt Low Rise Stop Hunt High Drop
Stop Hunt Low/ Rise
Stop Hunt High/ Drop
Bull Trend Model
Bear Trend Model

Strategy Asian Range LS Pips2Profit Cameron Benson
Rules Before Trading (When/When Not To Trade) 1. Only Take Trades In Your Session. All times are Eastern Standard Time. a. As
Core Concepts 1. Trade Setups a. Signal Days i. 3 Days Previous Days High/Low ii. Inside Day iii. First Red Day/First Green D
3 Days Previous Days Low
3 Days Previous Days High
Inside Day (Trend) Inside Day (Trend)
Inside Day (False Break)
First Red Day

You might also like