The playbook
Everything below is a rule, not a preference. If one line fails, there is no trade.
Trade parameters
4 hour
Every sweep, BOS, and fib is read here.
Daily — premium / discount only
Above the daily range midpoint: sells. Below it: buys. Nothing else is taken from the daily.
1.0 = sweep extreme · 0 = impulse extreme
The 0 anchor trails the impulse until the pullback begins.
0.71 retracement (limit)
Deep enough to sit under the crowd's 0.5 and 0.618 entries, shallow enough to keep risk tight.
1.0 level + buffer
Sweep invalidated means idea invalidated.
+2R
Measured from the 0.71 fill to the stop distance × 2.
Up to 3 on the same 0.71
Stopped attempts can re-arm; a winner closes the setup.
4H close beyond the sweep extreme
Also cancelled if the limit is never filled within the wait window.
Pre-trade checklist
- 01Daily chart is in the right half of its range (discount for buys, premium for sells).
- 02A 4H candle wicked past the last swing and closed back inside.
- 03A later 4H candle CLOSED beyond the opposite swing — break of structure.
- 04Fib anchored 1.0 on the sweep extreme, 0 on the impulse extreme.
- 05Limit order resting at 0.71, not a market order.
- 06Stop beyond the 1.0, target at +2R from entry.
- 07No more than 3 attempts on the same level.
How the numbers work
range = |impulse extreme − sweep extreme|
entry (buy) = impulse high − range × 0.71
stop = sweep low − buffer
target = entry + (entry − stop) × 2
A sell mirrors it: entry = impulse low + range × 0.71, stop above the sweep high.
Backtesting routine
- 1. Open the 4H chart, add the script, and set the daily filter on.
- 2. Walk back at least 100 setups per symbol before judging the edge.
- 3. Log each one: direction, daily bias, attempt number, result in R.
- 4. Repeat on a second symbol before changing any rule.