85 lines
1.9 KiB
Markdown
85 lines
1.9 KiB
Markdown
# 2SD VWAP Trading System Checklist
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## Setup Process
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### 1. Initial Setup
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- [ ] Open TradingView
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- [ ] Create two charts side by side
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- [ ] Left: ES1! 15-minute
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- [ ] Right: BTC/USDT 15-minute
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- [ ] Clear all existing indicators
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### 2. Add Indicators
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- [ ] Add VWAP (standard settings)
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- [ ] Add 2SD bands (using code provided)
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- [ ] Add ATR (14 period)
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- [ ] Make VWAP blue, upper band red, lower band green
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- [ ] Verify indicators are updating correctly
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### 3. Alert Setup
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- [ ] Create band touch alert (upper)
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- [ ] Create band touch alert (lower)
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- [ ] Set alerts to 'Once Per Bar'
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- [ ] Include ATR value in alert message
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- [ ] Test alerts are working
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## Trade Process
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### Pre-Trade Checklist
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- [ ] Alert received
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- [ ] Check which band was touched
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- [ ] Note current ATR value
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- [ ] Calculate position size (Risk/ATR)
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- [ ] Verify pattern exists:
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- [ ] Price touched band
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- [ ] Clear rejection visible
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- [ ] Room to VWAP exists
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### Trade Execution
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- [ ] Enter after rejection confirms
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- [ ] Place stop beyond rejection point
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- [ ] Set target at VWAP
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- [ ] Record entry details:
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- [ ] Entry price
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- [ ] Position size
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- [ ] Stop level
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- [ ] Target level
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- [ ] Monitor for pattern break
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## Quick Reference
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### Long Setup 🟢
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* → Touch lower band
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* → Rejection upward
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* → Target: VWAP
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* → Stop: Below rejection
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### Short Setup 🔴
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* → Touch upper band
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* → Rejection downward
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* → Target: VWAP
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* → Stop: Above rejection
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## Position Sizing Formula
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```
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Position Size = Account Risk / Current ATR
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Example:
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- Risk: $100
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- ATR: $2.50
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- Position = $100/$2.50
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```
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## Pattern Requirements
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1. Clean move to band
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2. Clear rejection
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3. Room to VWAP
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4. No pattern = No trade
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## Remember
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* Pattern exists or doesn't - no maybes
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* Use ATR for position sizing only
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* Exit at VWAP or pattern break
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* Keep it simple
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---
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Note: Check all boxes ([ ]) as you complete each step. Reset checklist for each new trading session. |