Practical · Lesson 12
Writing a Scenario Before Entry
After this lesson you will
- · Pick one past trade and tell entry from reaction with the test "was it written before the price arrived?"
- · Write the three scenario lines in the order invalidation, target, entry spot.
- · Write the response for each of the three branches (up, down, sideways) in one line each.
- · Write the reason for entry as one verifiable sentence.
- · Write the opposite side's reason along with the target price it implies if it is right, and cross-check it against the invalidation spot.
- · Write the scenario's discard condition and recheck it when price reaches the spot.
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What this lesson covers
- 1. Entry or reaction
- 2. Three lines are enough
- 3. Write three branches
- 4. Grounds in one sentence
- 5. Write the other side too
- 6. When to write
- 7. When a scenario becomes invalid
- 8. It leads to execution and records
- 9. Where approaches split
- 10. Where this lesson returns to risk and mindset
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