THE STACK - TOOLKIT 2 - THE MONEY IN The pre-trade checklist, the quarter-point grid and the session clock phimindflow.com/ebook Not financial advice. Trading carries risk of loss. Practise on a DEMO account first. ============================================================== THE THREE CHECKS - before EVERY entry ============================================================== [ ] 1. HIGHER TIMEFRAME What is the 4-hour chart doing? Up, down, or sideways? If my trade fights it -> no trade. [ ] 2. THE LEVEL Is price at a level that matters (a quarter point, a prior high/low)? The middle of a range is not a setup. [ ] 3. WHAT I LOSE IF I'M WRONG Say it out loud, in money, before clicking. Can't say it? -> no trade. Entry price: ______ Stop: ______ Target: ______ Risk in money: ______ Taken? Y / N Result: ______ ============================================================== THE QUARTER-POINT GRID (forex) ============================================================== Price tends to react at .00 / .25 / .50 / .75 That's every 25 pips: EURUSD 1.1600 . 1.1625 . 1.1650 . 1.1675 . 1.1700 USDJPY 157.00 . 157.25 . 157.50 . 157.75 . 158.00 GBPJPY 208.00 . 208.25 . 208.50 . 208.75 . 209.00 - Enter AT a quarter point, not between them. - Stop = one quarter point against you (25 pips). - Targets = the next 1, 2, 3 quarter points. ============================================================== THE SESSION CLOCK (New York time) ============================================================== 9 PM Tokyo opens moves often START here 1 AM London opens most volume 5 AM London main moves continue 9 AM New York news hits, moves often END 1 PM / 5 PM quiet - don't pay the spread ============================================================== FREE TOOLS ============================================================== - PHIMIND 222 on TradingView (free, open source): https://www.tradingview.com/script/V82YcrRA-PHIMIND-222/ - Free trading course: phimindflow.com/course - A demo account at any regulated broker Keep a trade journal. 30 trades on demo before real money.