Study Binder
Created By Cameron Benson
Pips2Profit
Study Binder Notes
Structured as follows: Setup Notes:
1. Setup Cover Page 1. All setups are a pump for a dump (in a
2. 15M Weekly View
3. 15M On the day view down trend) or a dump for a pump (in
4. 1M Entry View an uptrend).
Structured so that you see all aspects of what 2. Either a buy low or sell high preferably
goes into the setup, and all of the details that from the high or low of the week.
tell the story leading into the entry. a. HOD/LOD
You can expect to me to add follow on study b. HOS/LOS
binders to this course for more examples. 3. Setups revolve around Market Maker
Pattern.
4. Concepts:
a. 3 things market do
b. Consolidation
3 Day Setups
Setups that build over the course of 3 days.
Scenarios:
1. Dump. Consolidation Pump
2. Pump, Consolidation, Dump
3. Peak High. Peak Low Pump
4. Peak Low, Peak High. Dump
5. 3 days of rise or fall
All of the trade setups in the course are comprised of one of these scenarios. They can come of the form of
Opening range setups, signal days and based of short or long squeeze market structural setups.
First Red Day
Identification:
1. Large pumping day.
2. Day that opens, trades through previous days high, and closes below the opening price for the day.
Considerations:
1. Does not close below 50% of the pump day. (leaves space to fall through).
2. Was there a BIS to the downside?
Other Considerations:
1. 3 Days breakouts?
2. Day of the week?
3. Volume trapped at the HOW above previous days high?
Scenarios:
1. Trades up to retest trapped volume.
2. Breakout, pullback outside of the EODC to the downside (sell high).
3. INVALIDATION: Trades through previous days high and closes a candle above the high (15M chart).
Week of 11/26/23 NAS100
Week of 11/26/23/NAS100 11/30/23 15M
Week of 11/26/23 NAS100 Thursday FRD HOD Sell 1M
Entry TF
Week of 11/26/23 GBPUSD 15M
Week of 11/26/23/GBPUSD 11/29/23 15M
Week of 11/26/23/GBPUSD 11/29/23 1M Entry Tf
Week of 11/26/23 WTI Oil 15M
Week of 11/26/23 WTI FRD 15M
Week of 11/26/23 WTI FRD 1M Entry TF
Week of 11/13/23 15M
11/15/23 WTI 15M FRD and Tuesday Failed
Breakout
WTI 1M Entry 11/15/23
No entry due to the time movement took place
Week of 10/16/23 US30
US30 FRD 10/18/23
US30 FRD 2M Entry 10/18/23
First Red Day (Inside Day)
Identification:
1. Large pumping day.
2. Day that opens attempts to trade up, and then the day closes below the open.
3. Does not hit previous days high or low.
Considerations:
Note: Reason for lack of invalidation is
1. Does not close below 50% of the pump day. (leaves space to fall through). due to the characteristics of the Inside
2. Was there a BIS to the downside?
day. If the high of the inside bar is
Other Considerations: triggered, there are now stop loss
orders at the low of the inside bar.
1. 3 Days breakouts?
2. Day of the week?
3. Volume trapped at the HOW above previous days high?
Scenarios:
1. Trades up to retest trapped volume.
2. Breakout, pullback outside of the EODC to the downside (sell high).
INVALIDATION: None. Ensure market structure is in alignment with the setup (15M).
WTI Oil 15M Week of 11/20/23
WTI FRD Inside Day 15M 11/22/23
WTI FRD Inside Day 1M Entry 11/22/23
Week of 12/11/23 EURJPY
12/13/23 EURJPY Inside Day/FRD
EURJPY FRD Inside Day 1M entry Tf
No entry as this all takes
place before 9:30AM EST
First Green Day
Identification:
1. Large dumping day.
2. Day that opens, trades through previous days low, and closes above the opening price for the day.
Considerations:
1. Does not close above 50% of the dump day. (leaves space to pump through).
2. Was there a BIS to the upside?
Other Considerations:
1. 3 Days breakouts?
2. Day of the week?
3. Volume trapped at the LOW below previous days low?
Scenarios:
1. Trades down to retest trapped volume.
2. Breakout, pullback outside of the EODC to the upside (buy low).
3. INVALIDATION: Trades through previous days low and closes a candle below the low (15M chart).
Week of 11/20/23 USDJPY 15M
11/22/23 USDJPY First Green Day
USDJPY FGD 11/22/23 Entry TF 1M
First Green Day (Inside Day)
Identification:
1. Large dumping day.
2. Day that opens, trades through previous days low, and closes above the
opening price for the day.
Considerations:
Note: Reason for lack of invalidation is
1. Does not close above 50% of the dump day. (leaves space to pump
through). due to the characteristics of the Inside
2. Was there a BIS to the upside? day. If the low of the inside bar is
Other Considerations:
triggered, there are now stop loss
orders at the high of the inside bar.
1. 3 Days breakouts?
2. Day of the week?
3. Volume trapped at the LOW below previous days low?
Scenarios:
1. Trades down to retest trapped volume.
2. Breakout, pullback outside of the EODC to the upside (buy low).
3. INVALIDATION: Trades through previous days low and closes a candle
below the low (15M chart).
Week of 12/11/23 EURUSD
12/12/23 FGD EURUSD 15M Chart
Entry TF 1M chart EURUSD FGD Inside day
Inside Day
Identification:
1. Market has not hit the previous days high or low and then closed.
Considerations:
1. Which direction was the market previously moving?
2. Market structure
3. Market only does 3 things
a. Breakout/Trend
b. Breakout/Reverse
c. Trading Range
4. If one side of the inside day is triggered, there will be stops sitting at the other end of that inside day.
Scenarios:
1. Market breaks out of the inside day, pulls back into a session window/equity market open. Performs a range expansion
of the inside bar.
2. Market breakout of the inside bar in a session window around equity market open and it at the high or low of the day.
Looking at market structure and the breakout level to determine if there will be a reversal back to the breakout of the
inside bar, the 50% or other end of the range (inside bar).
Week of 12/11/23 Gold 15M
12/13/23 Gold 15M LOW Short squeeze reversal after
Inside day No trade due to timing window
Gold LOW short squeeze after inside day
3 Pushes Out Of Opening Range (3POR) Thu
Identification: Wed
Tue
1. Monday creates a high and low (opening range/consolidation).
2. Tuesday trades either higher or lower than Monday. Monday
3. Wednesday trades either higher or lower than Tuesday in the same direction as Tuesday.
4. Thursday trades either higher or lower than Wednesday and in the same direction as Tuesday and Wednesday.
Considerations:
1. After 3 pushes out of the OR, did the market go into a rectangle consolidation?
2. Did the market break structure in the opposite direction?
3. Volume Trapped above or below Wednesdays High/Low? (Depends which was the market was moving).
4. Did Thursday blow off in direction of the trend? (High probability setup)
5. Look for a pinned on Wednesday. Did Thursday trades through that level and go into consolidation? (Trapped volume coming into Friday).
Scenarios:
1. Market breaks structure on Thursday
a. Depending on timing and 3 pushes, large reversal can either occur on Thursday or carry into the next day.
2. Market breaks structure on Friday.
a. Depending on timing, look for 3 pushes on 15M chart for reversal trade on that Friday.
Week of 08/28/23 Gold
10/01/23 Gold 15M 3POR HOD Short
Gold Entry TF 3M chart (could not get back this far on 1M)
Week of 12/11/23 EURUSD
EURUSD 3POR 15M 12/15/23
EURUSD 1M entry TF 3POR
Week of 12/11/23 EURGBP
15M EURGBP 3POR and FRD 12/15/23
EURGBP 1M Entry TF 3POR and FRD
HOW Reversals (Long Squeeze)
Identification:
1. At the high of the week, market goes into consolidation.
2. Market Breaks structure to the downside on the 15M Chart.
3. 3 Pushes back up into the HOW or towards the HOW.
Considerations:
1. How many days of Long Breakouts are there in the market? 2-3?
2. Minor or major structural BIS?
3. Where could the volume be trapped if the market were to reverse?
Scenarios:
1. 2 Day Setup: Market has a pumping day and a BIS day/trade day. (2 separate days).
2. 3 Day Setup: Market has a pumping day, BIS day, and a trade day (3 separate days).
Week of 11/20/23 GBPUSD
11/22/23 EURJPY 15M HOW Reversal
EURJPY Entry 1M TF HOD HOW Long Squeeze Reversal
LOW Reversal (Short Squeeze)
Identification:
1. At the low of the week, market goes into consolidation.
2. Market Breaks structure to the upside on the 15M Chart.
3. 3 Pushes back up into the LOW or towards the LOW.
Considerations:
1. How many days of Short Breakouts are there in the market? 2-3?
2. Minor or major structural BIS?
3. Where could the volume be trapped if the market were to reverse?
Scenarios:
1. 2 Day Setup: Market has a dumping day and a BIS day/trade day. (2 separate days).
2. 3 Day Setup: Market has a dumping day, BIS day, and a trade day (3 separate days).
Week of 11/26/23 NAS100
Week of 11/26/23 NAS100 Tuesday LOW
Short Squeeze 15M 12/01/23
Week of 11/26/23 NAS100
Friday 12/04/23 LOW Short Squeeze 1M Entry
TF
Week of 11/26/23 NAS100
Week of 11/26/23 NAS100
Tuesday LOW Short Squeeze 15M
Week of 11/26/23 NAS100
Tuesday LOW Short Squeeze 1M Entry TF
Week of 11/27/23 USDJPY 15M Chart
USDJPY 15M 11/30/23 LOW Short Squeeze
11/30/23 USDJPY Entry TF 1M LOD Short
Squeeze (Session Trend Trade after 9:30)
Heart Beat Pattern and Trend Trades
Identification:
1. Market spikes previous days high and low in the same day, closing on the inside of the previous days range.
2. Market takes 2-3 days to aggressively spike the high and low.
3. Market aggressively spike up and down (but does not break the previous days high and low).
Considerations:
1. Was there a Break in structure?
2. On the intended trade day, which direction is the market channeling?
3. Should be behaving as a Parabolic Trend Trade: Look for market maker behaviors (dragging longs or shorts in a
direction).
Week of 10/16/23 US30
US30 HOD Trend Trade 10/19/23 15M
US30 Entry 2M HOD Trend Trade 10/19/23
US30 HOD Trend Trade 15M 10/20/23
US30 HOD Trend Trade 2M Entry TF 10/20/23
Week of 11/27/23 US30 15M
US30 15M Parabolic Trend Trade 11/30/23
US30 11/30/23 Entry TF 1M Parabolic Trend
Trade
Week of 11/13/23 15M
WTI 12/14/2023 15M HOD Trend Trade
WTI 1M Entry HOD Trend Trade
Trend Trade (Tuesday OR Breakout)(Friday Trend
Identification:
Trade)
1. Monday creates a high and low (opening range).
2. Tuesday closes on the outside of Mondays range.
3. Friday is making a run for the money, continuing the weeks current trend.
Considerations:
1. Did the close on the outside of the OR BOS/BIS?
2. On the intended trade day, did Asia or London break the previous days high/low? (depends which side of the range
Tuesday closed. For example: Tuesday closed at the HOW. Asia or London should make a higher high.
3. Look for a short/long squeeze scenario coming into your session.
4. Market structure and timing is KEY.
Week of 11/27/23 EURJPY
11/29/23 EURJPY 15M Chart Wed Trend Trade
EURJPY 1M Entry TF Wed Trend Trade
Week of 11/27/23 EURJPY
EURJPY 12/01/23 Friday Trend Trade
EURJPY Entry 1M TF Friday Trend Trade12/01/23
US30 Week of 11/27/23
US30 12/01/23 15M LOD Trend Trade
US30 12/01/23 Entry TF Friday Trend Trade 1M
Week of 11/27/23 USDJPY 15M Chart
USDJPY 15M Week of 11/27/23
12/01/23 USDJPY Entry TF 1M HOD Long
Squeeze Trend Trade (Major Trend)
Wednesday Reversal (Tuesday Failed
Breakout)
Identification:
1. Tuesdays breakout has failed and price has closed back on the inside of Mondays range.
Considerations:
1. Was there a BIS?
2. Did Tuesday close at the 50% of the opening range?
3. Is there space for the market to travel through on Wednesday?
4. Was Tuesday a signal day that would help to confirm the thesis?
Week of 10/23/23 Gold Failed Breakout on Tuesday
Week of 10/23/23 Gold Failed Breakout on Tuesday
Entry 3M
HOD/LOD Reversal (Counter trend)
Identification:
1. Market has traveled 3 levels of rise or fall (number boxes).
2. Market has done 3 sessions of rise or fall (Stair stepping).
3. Market has moved 3 levels outside of a daily range/previous days high or low (number boxes, 3 push patterns, 3
sessions of rise or fall).
Considerations:
1. After 3 pushes, a market is considered over extended.
2. Looking for these 3 level, 3 push, 3 sessions patterns can help find these reversals.
3. If there is not a 15M BIS, this could become a counter trend trade (lower risk, lower expectations).
Week of 11/26/23 NAS100
Week of 11/26/23 NAS100
Wednesday 11/29/23 Counter Trend Reversal HOD
Week of 11/26/23 NAS100
Wednesday HOW Long Squeeze 1M Entry TF
Week of 11/26/23 WTI Oil 15M
Week of 11/26/23 WTI Oil
Thursday 11/30/23 Counter Trend Reversal HOD
15M
Week of 11/26/23 WTI Oil
Thursday 11/30/23 Counter Trend Reversal HOD
Week of 12/11/23 Gold 15M
12/14/23 HOD Counter trend short
12/14/23 Gold Entry 1M entry time
Frame HOD Countertrend
3 Day Setup Examples
1. All previous setups are 3 day setups, however in this section I am going to only focus on the 3 day
setup instead of a weekly overview as well.
2. 3 Day Setups can include signal days as well as Opening range setups.
Gold FGD/Inside Day 12/18/23 15M
Gold FGD/Inside Day 1M Entry TF 12/18/23
NAS100 12/18/23 Parabolic Trend Trade
(Heart Beat Pattern)
NAS100 12/18/23 1M Entry Time Frame
GBPCAD FGD 4/4/23
NAS100 FGD
WTI First Green Day
Tuesday Close outside OR Wednesday Trend Trade
15M
Tuesday Close outside OR Wednesday Trend
Trade 3M
NAS100 15M Close outside OR Wed Trend Trade
NAS100 3M Close outside OR Wed Trend Trade
GBPJPY Parabolic Trend Trade
GBPJPY Parabolic Trend Trade
WTI Oil Tuesday Failed Breakout
WTI Oil Entry TF 1M Tuesday Failed Breakout
Behavioral Market Studies
Observations of:
1. Market Traps
2. Inducement tactics
3. 3 pushes
Gold PB Tren Channel Behavior 7/7/23
Gold PB 3 burst impulse 7/7/23
Gold PB Tren Channel Behavior 7/11/23
Gold False bottom Inducement 7/14/23
Gold False bottom Inducement 7/17/23
Chart pattern inducement
Gold Traps above P2 and breakout fakeout 7/20/23
NAS reversal pattern trap in a parabolic move
