Chapter 20 · Part Five
Red flags: do not trade
Any one of these ends the conversation.
About 2 minutes
- No clear DOL, price stuck between pools
- Displacement is weak or slow, no conviction
- No FVG created by the displacement
- Neckline has not been broken
- Fewer than three bias confirmations pointing the same way
- Reward to the opposite ERL does not justify the risk, and the deeper retrace is still available
- Structural stop cannot be sized inside the dollar cap at minimum size
- Already at your daily loss limit
- Well outside the primary window, with nothing else compensating
- FOMC, NFP or CPI without a clear post-release setup
- You already took two trades today
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