How to select winning Snipers and Pivots

SNIPERS and PIVOTS CHECKLIST

DAILY

Daily chart MUST be trending, and

MUST be in phase 1. (NOT sideways or noisy)
*Weekly in phase 1 a BONUS, otherwise, be aware of weekly cycles.

240 / 4HR

Price is TRENDING nicely (good angle), and ideally cycles are easily visible.
Ideally in first half of phase 1, and not over-extended.
DOWNTREND means price is below 50 and 200 EMA. Bonus if 20EMA is also below 50EMA.
UPTREND means price is above 50 and 200 EMA. Bonus if 20EMA is also above 50EMA.
TIP: Use buyers/sellers bars in buy/sell one to help read cycles, combined with BREAK-RETEST pattern.

60/ 1HR

Price is TRENDING nicely (good angle), and ideally cycles are easily visible.
Ideally in first half of phase 1, and not over-extended.
DOWNTREND means price is below 50 and 200 EMA. Bonus if 20EMA is also below 50EMA.
UPTREND means price is above 50 and 200 EMA. Bonus if 20EMA is also above 50EMA.
TIP: Use buyers/sellers bars in buy/sell one to help read cycles, combined with BREAK-RETEST pattern.

SNIPER entry
Is then on cycles off the 50EMA on 5min timeframe. Because target/stop is 20pips, trade only pairs where spread is less than/equal to 5.

PIVOT entry
Is then off blue central pivot, on either 60min, or 5min timeframe.

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