Skip to main content

CTS-Entry plan

 Excellent. This is a classic and highly effective top-down analysis workflow. Using the higher timeframes for direction and the lower timeframes for precision is how many professional traders operate.

Let's refine your entry process for the M15 and M5 charts.

The Golden Rule for M15/M5 Entries

You never use the M15 or M5 to decide on the trend direction. Their only purpose is to provide a low-risk entry point after your H1/M30 analysis has already given you the green light. You are zooming in to find the exact moment momentum is shifting in your favor.


Price Action Entries on M15 / M5

Let's apply this to your trading plan.

Primary Scenario: Selling (Short)

You have already determined from H1/M30 that you are waiting for either a breakdown or a pullback.

A) If you are waiting for the BREAKDOWN below 3,383.16:

Your H1 analysis is telling you "get ready to sell if 3,383.16 fails."

  1. Price on the H1 chart breaks and closes below 3,383.16. This is your confirmation.

  2. Now, you zoom in to the M15 chart. You have missed the initial break, but you are now looking for the first sign of bearish continuation. Look for one of these two patterns:

    • The M15 Bear Flag: After the initial drop below 3,383.16, the price will pause and make a small, weak upward channel on the M15 chart. This is the "flag." It's the market taking a quick breath.

      • Your Entry: Enter your short position the moment the price breaks below the lower trendline of that M15 bear flag.

      • Stop-Loss: Place your stop just above the high of the flag.

    • The M15 Micro-Retest: Price breaks below 3,383.16. It then makes a small bounce back up to just touch the 3,383.16 level from underneath.

      • Your Entry: Watch the M5/M15 chart. As soon as you see a bearish candle form at that level (like a small pin bar or engulfing candle), enter short.

      • Stop-Loss: Place your stop just above the 3,383.16 level.

B) If you are waiting for the PULLBACK to the ~3,400 Resistance Zone:

Your H1 analysis is telling you "get ready to sell if price reaches 3,400 and shows weakness."

  1. Price rallies into your H1/H4 resistance zone around 3,400.

  2. Now, you zoom in to the M15 chart. You are hunting for the first sign that the rally is failing.

    • The M15 Trend Shift (Lower Highs & Lower Lows): This is the most reliable pattern. Watch the price action on the M15.

      1. It will make a final high (Peak 1).

      2. It will pull back (Trough 1).

      3. It will try to rally again but will fail to break the previous high, creating a Lower High (Peak 2).

      • Your Entry: Enter your short position the moment the price breaks below the last low (Trough 1). This confirms the M15 trend has shifted from up to down.

      • Stop-Loss: Place your stop just above the Lower High (Peak 2).

    • The M15 Double Top: Price pushes up to the resistance zone and forms a peak. It pulls back slightly, then pushes up to the same level again and fails. This creates a small "M" shape.

      • Your Entry: Enter short as soon as the price breaks the "neckline" (the low point between the two peaks).

      • Stop-Loss: Place your stop just above the highs of the double top.

Your Final Execution Workflow

  1. D1/H4: "The trend is generally up, but we've been rejected from a major high. The medium-term momentum is now bearish."

  2. H1/M30: "The short-term trend is bearish, but we are stuck in a range. My plan is to sell a breakdown of 3,383.16 or a rejection at ~3,400."

  3. Wait for an alert at one of those two levels.

  4. H1 Confirmation: Once an alert hits, check the H1 chart to confirm the bigger picture still makes sense (e.g., price is rejecting the H1 MA(60)).

  5. Zoom to M15/M5: Hunt for one of the specific entry patterns described above (Bear Flag, Micro-Retest, Lower High, or Double Top).

  6. Execute: Enter the trade only when the M15 pattern confirms your H1 thesis. Set your stop-loss based on the M15 pattern.

By following this disciplined process, you align all timeframes and use price action to achieve a precise, low-risk entry.

Comments

Popular posts from this blog

Process to dev google script

Since you are building a mission-critical application (trading signals), managing versions and bugs is essential to avoid "losing" orders or making execution errors. Here is the professional process you should follow to manage your Google Apps Script project. 1. Version Control: Stop Coding in the Browser Developing directly in the Google Script Editor is risky because there is no "Undo" for mistakes made yesterday. Use clasp (Command Line Apps Script Projects): This tool allows you to develop locally on your computer.[ 1 ][ 2 ][ 3 ][ 4 ] Git & GitHub: Once the code is on your computer, use Git. Workflow: Code locally      git commit (saves your progress)          clasp push (uploads to Google). Why? If a new update breaks your TradingView alert processing, you can revert to a previous working version in seconds. 2. Manage Environments (Dev vs. Production) Never test new code on the sa...

Moving Averages Part 2

  Moving Averages Part 2 Hi everyone, this is Ty Young with Surefire-Trading.com. In our last lesson, MA Method Part 1 , we demonstrated how Moving Averages could be incorporated to safely initiate a more conservative entry at the lower time frames. As you may remember, due to the lagging effects of the EMA, our primary strategy consisted of using retracements to signal high probability trades.  Though this is a great way to trade for those who like to capture quicker, yet, smaller gains from the market, there are those who prefer to remain with a trade for longer periods of time – extracting larger gains. This lesson addresses such a strategy.  Now, don’t get me wrong, the retracement approach also can be used to signal entries at the higher time frames, which I use frequently; however, generally speaking, if you wait for an EMA retracement on a long-term chart, a greater portion of your potential gains can or will be missed entirely.  And though I would love to say...