Platinum Trade Setups Checklist Part.

Trading is not guaranteed…

Different from the introduction, you would expect from a checklist that is designed to help you
think and view the game of trading systematically and logically.

The purpose of this checklist is to provide you with guidance on instances that may occur once
a set-up has been provided or how to approach a potential play that may arise outside of the
setups.
Now I have focused on a couple of aspects of the hybrid that i believe bring the greatest chance
at catching a move.
You may notice it says Part 1…I believe that this “checklist” will be continuously developed as
there are people who trade in various ways. So, I will be requesting that you make suggestions
in the “Hybrid Questions” section in Discord so that I can compile an in-depth checklist for those
who may not use the ones presented in the document below.

Let’s Have A Conversation:

The first part of the checklist will come with the “Sat At My Charts Rules.”

Rule 1: The first thing to check is the calendar…What events are we dealing with? Non-farm
pay rolls, CPI, Manufacturing Data…Or what has happened overnight that may impact the asset
you are trading…

Rule 2: For the beginner, one asset should be selected to trade…Always aim to trade an asset
that is subject to volatility. For example, my go-to is ES or Nasdaq; why? Before news
announcements, I can anticipate that they will be ranging, which keeps me out of marginal
trading situations…I am not interested in marginal trades…, and neither should you.

For The Advanced Trader, I have a number of personal trading accounts that cater to specific
instances and can help me in certain situations: e.g., I have two futures accounts with two
different brokers and two forex accounts.
If I believe that the Nasdaq is going to finish higher at the end of the day, I mark a specific range
I expect it to head towards: I will open a swing trade at the start of the UK open…This trade will
be with 1-5 contracts MAX. Throughout the day, I see that I am in a drawdown…I will then flip
over to my other futures account and look to scalp my way out of the drawdown to alleviate the
pressure of losing on the one account. At the same time, If I see that FX is moving aggressively,
I will take trades on specific assets that move in sync with the NASDAQ and es.
An example: If I am in longs on NASDAQ but the price is dropping, and the dollar is also
dropping, that gives me an opportunity to trade euro on spot (fx account) and take advantage of
euro futures at the same time but using different lot sizes.
The goal here is to use higher leverage on Spot fx accounts and only stay in the trades for a
short period of time to alleviate the drawdown I am experiencing on the Nasdaq.

This approach is very taxing on the trader's mind, and you have to be on your A-game to be
able to focus on multiple positions between assets that move differently.

Rule 3: Know Your Window…

It is essential to know the times you are trading. Remove the idea of “Missing Out” on a trade.
There is no such thing as missing out. If you say, “Yeah, but bitcoin...” NO…Remove it.
Limiting beliefs will only limit your willingness to truly accept trading for what it is…
There will always be an opportunity to be had.

Asian Session: Only consider trading asia when the Dollar Markets/Futures and Commodities
markets are fully open:

Tokyo Stock Exchange (TSE)

● Opening Time:
○ In GMT: 12:00 AM GMT
○ In ET: 8:00 PM (previous day) ET
● Closing Time:
○ In GMT: 6:00 AM GMT (with a lunch break from 2:30 AM to 3:30 AM GMT)
○ In ET: 2:00 AM ET (with a lunch break from 10:30 PM to 11:30 PM ET, previous
day)

Hong Kong Stock Exchange (HKEX)

● Opening Time:
○ In GMT: 1:30 AM GMT
○ In ET: 9:30 PM (previous day) ET
● Closing Time:
○ In GMT: 8:00 AM GMT (with a lunch break from 4:00 AM to 5:00 AM GMT)
○ In ET: 4:00 AM ET (with a lunch break from 12:00 AM to 1:00 AM ET)

These times account for the time differences between JST/HKT and GMT/ET.
When I mention “wait till the dollar index starts trading I am referring to the following times:

Opening Time:

● In ET: 8:00 PM ET (Sunday evening for the start of the trading week)
● In GMT: 1:00 AM GMT (Monday morning for the start of the trading week)

Closing Time:

● In ET: 6:00 PM ET (Friday evening for the end of the trading week)
● In GMT: 11:00 PM GMT (Friday evening for the end of the trading week)

Only trade asian when DXY starts trading again: That means from 1AM GMT (UK time) is 8PM
ET (US)

Below are the times for the European markets:

Converted Times (GMT and ET)

● London Stock Exchange (LSE):

○ Opening Time: 7:00 AM GMT | 3:00 AM ET
○ Closing Time: 3:30 PM GMT | 11:30 AM ET
● Euronext:
○ Opening Time: 8:00 AM GMT | 4:00 AM ET
○ Closing Time: 4:30 PM GMT | 12:30 PM ET
● Frankfurt Stock Exchange (Xetra):
○ Opening Time: 8:00 AM GMT | 4:00 AM ET
○ Closing Time: 4:30 PM GMT | 12:30 PM ET
U.S. Markets (Local Time - Eastern Time, ET)

● New York Stock Exchange (NYSE):

○ Opening Time: 9:30 AM ET
○ Closing Time: 4:00 PM ET
● NASDAQ:
○ Opening Time: 9:30 AM ET
○ Closing Time: 4:00 PM ET

Converted Times (GMT)

● New York Stock Exchange (NYSE):

○ Opening Time: 2:30 PM GMT
○ Closing Time: 9:00 PM GMT
● NASDAQ:
○ Opening Time: 2:30 PM GMT
○ Closing Time: 9:00 PM GMT

From the above, it is safe to say that New york will always be the most volatile time in the
market.

There is a forex concept that says the “crossover” occurs when the UK and New York markets
are both open at the same time.

This is why trading the New York session will always be the best time as it carries the largest
liquidity transfer, which is essential for us when looking for trading opportunities.

Given that we have identified the times we can trade, it is your job to work out the window of
opportunity you can exploit.

When you decide the right time and what works for you, build your execution strategy around
that time.
 Trade Setups

This segment of the checklist will now examine instances where we have to adapt to new
information presented in charts.

I will use specific elements of the Hybrid that you may all be familiar with so that when you are in
a trade, you can look over these “checklist points” and manage your exposure accordingly.

Trade Setups focusing on “Vector Blocks (Block Trades)

When looking at VBs, you must consider strong open and closed VBs to establish what
the market achieved at that point in time. That means if you draw a vector block that has
a huge wick, then it effectively tells you that the candle experienced volatility and may
not give you a clear picture of who was really winning during that point in time of that
candle. ( when I say winning I mean the bids and the offers)
The first image above shows the instance where the block vectors showed us a high-probability
scenario where the price was projected to head back towards the red vector.

Checklist:
1. Has Price left any red vectors behind that have yet to be recovered?
2. Is the price at a key high confluence area? Check if we are at psy high or
low/EMAs/Asian session high or lows (an important aspect of the Asian session
range is to consider where the price is in relation to Monday's Asian session high
and low.
 3. Once you see a vector block that has formed….Always consider that they can
recover back into that vector.

The image above shows that the green vector block was created and fully recovered all the way
down towards the previous green vector blocks.
When you see this, you are witnessing the last of the Bids coming in, which in turn is making
retail traders believe the price is heading lower.

Bonus Confluence: Crypto Liquidations. To add weight to the block vectors, pay attention to
the liquidations. I have marked below in (Red) what was happening before the blocks we had
projected came through and recovered back up towards the red vector. Notice how the first red
circle shows the collection of green liquidations; these are longs; notice how there was a high
concentration of long liquidations appearing, suggesting retail traders getting liquidated and also
trying to run shorts at the same time, Then, as the green vector block appears, refer to the
image above, you can see that the retrace lower had barely taken any liquidations (longs) This
is a clue that the market had absorbed all the long liquidations and had marked lower to induce
a few more shorts, which you can see in the second red circle, a small number of longs were
liquidated. Going further into the chart, you can see that faint purple line…This was the green
vector block that was retraced(refer to the above image); Longs were not present, only shorts…
As you can see, after they had recovered the green vector block, that was confirmation that led
price to climb aggressively, eventually leading to the red vector above being recovered. (Look at
the short liquidations bar on the far right of the liquidations chart…
Vector Blocks In The Brinks:
Now, I have yet to break down the logic of vectors within the brinks…You can probably recall me
mentioning, “Wait till the vectors are recovered in the brinks.”

The images above are examples of vector blocks within the brinks:
The checklist is as follows:

1. If a brinks box shows a vector candle, wait until the brinks have been formed…Mark the
vector block, and this will be the basis of support and resistance. You use the brinks high
and low as the main range, then the block as the next levels of support and
resistance…Remember, when I refer to support and resistance, what I really mean is
where is the pressure from the bids and the offers?
 2. The image above gives you an example of how you can exploit the blocks within the
brinks: Notice how the high and low of the brinks have been set. Price drops lower to
sweep the brinks low but you see a red vector…IMPORTANT: When the brinks low or
high have been swept, pay close attention to how price is forming each candlestick. If it
closes higher and does not suggest it wants to go lower, then you are looking for the
opposing range above…(refer to the image above where you see the red vector then
shortly after, the blue vector candle appears. This suggests they are looking to move
away from the zone; at the same time, notice how it comes back into the red vector
block, which tells you its not “support” as a retail trader thinks it to be, but it's the bids
that previously entered (the red vector candle block in the brinks) and they reappeared
(market memory triggered and this started the offering phase by the bids: You will hear
me say at times “bids are lifting the ask”). Another tip: Notice that the blue vector below
breaks through the red vector block, then look above and see how the green vector
broke through the green vector block.
3. Trades can be taken either at the brinks range break of the high or low or the vector
block within the brinks.
4. Be mindful if the range of the brinks is very wide, and you enter on the blocks within the
brinks, make sure you are taking profits along the way towards the brinks high or low.

Asian session Sweeps check list:

The main asian session that we must pay attention to is Mondays asian session high and low…

1. We must wait till the session has been fully formed. We start looking for trading
opportunities once the Tuesday session (asia) has started.
2. Mark the high and low of Monday high and low and keep it on your charts as reference
(use horizontal drawings)
3. Wait for the first attempt of price to either move away from Monday session high or low.
4. Sometimes you will find price consolidating within the asian session of monday. Use this
time to watch the price like a hawk and establish what the vector candles could be
suggesting. You are waiting for a breakout.
5. When you see breakouts from the asian session on monday, consider how teh next
session (wednesday) behaves.
The image above shows us that the price on Tuesday had broke out and moved away from the
Asian session (Monday)
Notice how they came back into the range and Wednesday's price action was controlled.
Notice how the red horizontal lines were acting as critical points of interest (support from bids),
this led to another sweep on thursday….
Then, of course, Friday's price action led to a faster move higher.

Things to consider when using the Asian session on Monday as a point of interest:

1. Price tends to move aggressively away form mondays range…This can be deemed as a
manipulative move as you can see in the image above.
2. If tuesdays price action is volatile, assume that vectors can be recovered if they have not
been recovered by the wednesday session of asia.
3. You are waiting to establish if the Monday ranges (throughout the week) will act as key
areas that will present vector candle blocks. Aim to take confirmation trades as you see
price moving away from those ranges with conviction…
An example of this is below:
Summary:

Rather than it being a checklist per say, use the above as ways you can anticipate a set of
specific behaviors.
The best practice is to go back in the charts and see if you can find what is being discussed
above and see how you can see the same thing happening.
Remember trading patterns and vector blocks are all about variation. They will do the saem
thing every time but they develop differently.

Managing the development of the setup is where your risk comes into it.
Does your risk allow you to give the asset the freedom “to move” before it achieves that which
we want to see from the setup?

I hope this can help you all in making sense of the madness…
Mad Love
T