15m Trade Plan | IntradayHere's a breakdown of the steps you can follow to analyze the 15-minute chart based on your strategy:
Identify a Valid Break of Structure (BoS):
On the 15-minute chart, find the most recent significant swing point where the price broke a previous structure. This is your BoS.
Mark the Swing High and Swing Low associated with this BoS.
Mark Internal Pullbacks (Liquidity Spots):
Within the range of the Swing High and Swing Low, identify the smaller pullbacks or retracements. These are the internal liquidity spots.
Mark these liquidity spots on your chart.
Identify Sub-Internal Structural Points:
Between the marked liquidity spots, look for even smaller price movements or minor structural points that may represent areas of consolidation or minor trend reversals.
Mark these sub-internal structural points on the chart.
Determine Entry Points:
Based on the liquidity sweeps:
Buy-side liquidity sweeps: Look for areas where the price sweeps the liquidity above the previous highs.
Sell-side liquidity sweeps: Look for areas where the price sweeps the liquidity below the previous lows.
Take entries at these points depending on the direction of the BoS.
Consider the 15-Minute BoS Direction as the Continuation Trend:
Ensure your entries align with the overall trend direction indicated by the 15-minute BoS.
If the BoS is upward, focus more on buy-side entries.
If the BoS is downward, focus more on sell-side entries.
This approach helps you stay aligned with the trend while also capitalizing on liquidity sweeps for potentially high-probability trade entries.
