How to use our Playbooks

1. Trading to the Playbooks makes trading simpler than I had ever imagined myself. It is ideal for an individual who has a day job or has a business he/she needs to manage. I am giving you this article to peruse for trades taken by us by merely placing limit orders and then managing trades once the platform alerts us of entry. The entry/stops/exits are so meticulously computed that it leaves very little for imagination. You place the orders and have your platform give you a sound/alert when the trade is executed and if you do not have an automatic stop triggered with your entry, place a stop perhaps a bit higher or lower from our recommended stop and let the trade evolve. Take profits when you deem fit and ignore what we put as the Profit targets.

2. Many a times (more often than not) – the market participants front-run the entry. It is for this reason that we publish two sets of possible entries. One as a Suggested Entry which is always our preferred entry point and the other a Possible Early entry to coincide with the front-run.

3. If the position moves against you from the front-run entry (Possible Early) – the only time you scale in with more contracts is at the Suggested entry while respecting the Stop. Do not move the stop inside – you may move it a bit out from our suggestion but never move it inside as it risks being stopped out.

4. Exit the trade at your desired profit level and ignore the Profit Targets in our Playbooks. While we expect the target to hit if not in the same day, in the following trading sessions – it is best to manage your profits to your own desired levels.

5. Always keep the Support & Resistance numbers handily available. The market respects these levels and you should keep an eye out for when price reaches these levels for possible support or resistance.

6. If you are trading any of the instruments that are in the DailyTargets which are timed release alerts (they go out beginning 8:18 am ..8:30 am 9 am & 9:30 am) – and are profitable – set your exit to a few ticks shy of the DailyTarget (High or Low) depending on which direction your entry was i.e. Short or Long.

7. Always manage your risk appropriately. Never risk more than you can afford to lose. Trade patiently and never chase or over-trade. There is no such term as a “missed opportunity or missed trend”. They are constantly evolving in the market and what appears as a missed trend today may present itself as a huge opportunity the following trading session.