Part 6 · Practise and review

20Knowledge check

Seven questions to test the whole plan.

1.A. Mother high 1.1240, low 1.1160; candidate high 1.1220, low 1.1180. Valid? And if its high equals 1.1240?
2.B. Same candidate with a three-pip buffer: entries, stop distance, stops and targets?
3.C. Equity $2,000, 0.25%, 46-pip stop, two-pip allowance, $10 per pip. Size and planned loss?
4.D. After the buy fills, price falls below the sell trigger. New short?
5.E. Neither order fills by Tuesday's close. Leave them for Wednesday?
6.F. Does cancelling the opposite pending entry remove the protective stop?
7.G. Does a visible inside bar prove a breakout will follow?

Score: 0 / 7

Honest note

Getting every answer right means you understand the rules, not that the rules work.

Key takeaway

If you can explain validation, both orders and expiry without notes, you are ready for the drills.

Try it

Explain the order pair to someone else in under two minutes.

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