Part 6 · Practise and review

21Desk reference, glossary and sources

The whole playbook on one page.

Question	Answer
What qualifies?	Completed D1 candle with a strictly lower high and higher low than its immediate predecessor.
Where are entries?	Three pips beyond the inside high and low, translated to broker trigger conventions.
Where is protection?	At the opposite planned entry level; confirm attachment after the fill.
How much exposure?	One intended position; at most 0.25% equity planned risk.
What cancels?	First fill cancels the opposite pending entry; stop and target remain.
When do orders expire?	At the next full daily close after staging.
What closes a position?	Fixed stop, 1R target, third-full-candle time exit or Friday 16:00 New York exit, whichever comes first.
What should you avoid?	Friday signals, stub candles, specified news days, invalid triggers, excessive spread and undersized risk budgets.

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Key takeaway

Learn the pattern. Verify the orders. Measure the result.

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