TRADE
ENTRY
CHECKLIST
WYSETRADE
ENTRY CHECKLIST:
STEP 1 - IDENTIFY A LEVEL OF DYNAMIC
SUPPORT OR RESISTANCE ON THE WEEKLY
TIME FRAME:
Ask yourself:
Are we at a key level of support or resistance
Is the level obvious?
How many rejections of this level? (the more
the better)
Was it recently respected?
Has it acted as both support and resistance?
Is it an extreme swing high or swing low?
Meaning is it at the highest or lowest point
price has reach in recent time?
*Evidently you don’t need all of the above but
the more criteria you check off the better and
higher quality the dynamic level is.
ENTRY CHECKLIST:
STEP 2 - LOOK FOR PRICE ACTION PATTERNS:
Price action patterns to look for:
Long wick candles
Multiple candle rejections
Momentum loss candles
Patterns & shapes: triangle, wedge, double
bottom, head & shoulders, etc.
STEP 3 - LOOK FOR PRICE ACTION PATTERNS:
To do:
Check the weekly again for your directional
bias (bullish or bearish)
Check the daily for your directional bias
(bullish or bearish)
Is the weekly and daily directional bias the
same?
Only if both time frames are the same do we
go to the 4h time frame
ENTRY CHECKLIST:
STEP 4 - 4H CONFIRMATION & ENTRY:
Ask yourself:
What is the directional bias we have on the
4h time frame?
What price action patterns do we have?
Does the 4h directional bias match the
daily and weekly directional bias?
If all time frames are confluent look for a
momentum breakout and enter