Zen Trading Tech

Summary

• How to enter breakout trades

Video Link

1. Summary
2. Video Link
3. Drill 1: Find H1 / L1 (Stop Entry)
4. Drill 2: Find Weak H1 / L1
5. Drill 3: Going below a H1 / above a L1
6. Next Video

Drill 1: Find H1 / L1 (Stop Entry)

Instructions

• Breakout to new high or low (Can be of the day, can be out of a range), mark with an arrow
• Pullback
• Next signal bar same direction (reasonable)
• Order 1 tick beyond the bar
• Get filled on next bar
• Stop 1 tick above the most recent HL / LH
• Mark up 1 RR* Optional

Drill 2: Find Weak H1 / L1

Instructions

• Look for H1 / L1 where the signal bar is weak.
• Did traders want for confirmation? See A

• Here see the 2 L1’s together – traders didn’t find a lot of sellers below, but the 2nd one worked. (I have not marked all L1)

• The Low 1 was not technically the bull bar – although traders sold it, it was the bear bar that followed

Drill 3: Going below a H1 / above a L1

• Look for H1 where price went BELOW the signal bar (Or a L1 where price went above the signal bar
• Mark the signal bar with an arrow
• Draw lines above and below the signal bar

Next Video

• This will focus on H2 and L2