My PLAYBOOK — The Best Trade Setups

What I have distilled in this book are the highest-probability Best Trade Setups. Not just trading setups, but the ones I feel have most heavily tilted the odds in my favor (90/10).

Trades that have a risk/reward ratio that allows me to win two, three, five, or ten times my risk on the trade.

Understanding things about myself:

  • ·How I perceive information in real time
  • ·How easily I can identify a setup
  • ·Where to place my stop loss
  • ·Where to take profits
  • ·Which trades are the ones where I can add more positions if confirming my thesis
  • ·How to manage the trade
  • ·How to manage myself so I can grow my trading business
  • ·When NOT to trade. If there's no setup, NO TRADE.
  • ·Limit my screen time, maximize my trading
  • ·Grow my trade sizes because they are scalable, and certain setups are "sizable." Rinse and repeat!

If you are struggling to be consistent, and consistently profitable, then this book will help you.

Read that last sentence one more time. Rinse and Repeat. THAT is the secret.

Once you grasp that understanding, the next important thing is to understand that you need to become a "pattern-hunting specialist."

Daily process

I have broken down these setups so that my daily routine, my daily process, is designed to scan the pairs I follow looking for trigger days and BTS (Best Trade Setups) in the session I'm trading. I trade the New York session (8-11 AM NY time).

These setups can occur for trades in ANY SESSION (Asia, London, or New York).

A good trade

Every week I get at least one BTS on almost every instrument I follow. That doesn't mean I take all those trades!

I'm hunting ONE GREAT TRADING SETUP. Sometimes they aren't there. Or they take longer to complete their patterns outside my time window. Maybe they moved in London and there's just some "low hanging fruit" left on the tree for me.

My goal is to execute one or two BTS in a session, as impeccably as possible, secure the profits (if any), limit any losses, and GET OFF THE SCREEN!

I've tried to put this information together for the trader who is already in the battlefield. You've been trading and educating yourself but it doesn't seem like you can "crack the code," but you know you're close. There is no filler inside to fill pages — it's very specific and to the point.

Each Best Trade Setup includes:

  • ·A METHOD FOR IDENTIFYING TRADES
  • ·A METHOD FOR ENTRY
  • ·A METHOD FOR SETTING AN INITIAL PROTECTIVE STOP
  • ·A METHOD FOR TAKING PROFITS AND/OR MOVING PROTECTIVE STOPS
  • ·GENERAL MONEY MANAGEMENT RULES
  • ·PATIENCE AND DISCIPLINE