TSL
The TSL will always _____________.
deliver
The pick must be ______ and _______ than the roll.
shorter and smaller
Who coined the word lightning move?
The Outstanding Kap Kidlat
Where is the buy area in a P&R setup?
1/4 QB
The ultimate trail stop
TSL
TSL is the _________________ of a trending structure.
previous HL or LH
P&R is a ________ setup due to weak breakout.
failed CH
What does the gap in fast boxes or candles represent?
hidden buyers/sellers
High probability P&R buying area: pick top, midpoint or bottom?
pick bottom
Where should I set my initial sell in P&R?
box top
The best time frame to use TSL
any HTF
After the first wave, a weak paradigm and an ___________ are formed.
incomplete Lightning Move
Enumerate the 3 trends when analyzing a chart
1. Current Trend
2. Previous Trend
3. Phantom Trend
For P&R, what would be the differences in my allocation if I'm trading daily vs. 4H vs. 1H?
None, same allocation
Where do you set the SL for P&R?
below the pick
What technique do we use to confirm TSL delivered?
Detachment
Give 2 examples of bad picks
1. Big box
2. Long wicks
How do you confirm a bull trap?
There should be a current box breakdown after.
What should you do if P&R is found in a sideways?
Shift to lower time frame for trending structure
Where can I add allocation for P&R?
touch move (1/4 QB)
Three types of TSL from weakest to strongest
1. Candle
2. Swing
3. Trend
Enumerate the 5 parts of P&R
1. Prior Move
2. The Pick
3. The Trap
4. The Roll
5. The Breakout
Enumerate the 5 rules in high level free style trading.
1. The TSL will always deliver.
2. There is always a lightning move.
3. There is always a retest.
4. Always trade with a pick.
5. Always trade with multiple picks.
Give three scenarios where P&R is invalidated.
1. Reached box top then went back to 1/4 QB
2. Breakdown below the pick
3. Long consolidation
Sign for time stop if P&R became sideways
crisscross at the MP of the roll