Practice plan - Step 2. The trading process; Part 3: Determine the required trigger behavior (Summary - revisited, yet again)

This is the re-visited version, I changed the entry S/R definition per yesterday's discussion. Helps to have my thoughts laid out and as simplified (yes/no) as possible. This defines my edge.


Determine the required trade triggers


The Finger

Entry:

Is the available price close enough to S/R? (visually definitive)
Is the market breaking thru S/R?


Exit: Is the stock still moving in the expected direction?

Have the candles changed size (from larger candles to smaller candles)?
Has the candle closed on the opposite side of the 7-period EMA?
Is this the largest candle of the day? Has it retraced more than a third of the way?


The Outbreak


Prior to Entry (alert setting): Does the stock show clear lines of support or resistance?


Entry:

Is there visual S/R? (A visually defined anchor or about 3 tests of the S/R over some time frame)
Is the entry price close enough to the S/R?
Is the market breaking thru S/R?


Exit: Is the stock still moving in the expected direction?

Have the candles changed size (from larger candles to smaller candles)?
Has the candle closed on the opposite side of the 7-period EMA?
Is this the largest candle of the day? Has it retraced more than a third of the way?