1. Pre-Market Analysis – Homework
a. Use L2ST Pre-Market Analysis Sheets OR even better create your own!
b. Top Down Approach - Longer Time Frame Analysis Daily and30 minute.
c. Value Area Analysis.
d. Volume Analysis - Key Rejection and Acceptance Price Area Analysis.
e. Write down your expected and unexpected scenarios.
f. Write down your Primary Buy and Sell Zones.
2. Visualisation - Anchoring the Vision
a. Print Off a chart (in Colour!) with your Pre-market Analysis zones and expected scenarios. Play the trades in your head whilst looking at the print off.
b. Then start your Visualisation. This should be no more 15 minutes, it is actually better to do this for 5-10 minutes with increased intensity.
c. Anchor the completion of a successful trade with a word by saying it out loud, or a movement.
3. Market Open – Ready to trade
a. Stalk the opportunities as the market approaches your pre-market analysis zones. ONLY do business in these zones, and NO-WHERE else!
b. Adapt intuitively to the present moment, and trade in the Gap between where you are now and where you want to be.
c. Highlight\Visualise the potential Risk\Reward with the opportunity. ONLY look to execute the trade if this is in line with your business plan’s Potential Reward Objectives.
d. Trade Execution – Read Order Flow using MD Footprints\Cumulative Delta for Entry.
e. Trade Management – Once stops and targets are in place at pre-determined levels, do not mess round too much with the trade. Give it time to play off your VISION, whilst holding the vision in the mind’s eye.
