Edge Swing Trading (Bounce)

1.0 Prelude:
After the studying of charts for some time, and tried a few methods
for trading strategy, finally figure out something that really in sync
with me besides Daily breakout trendfollowing strategy.
This strategy a combination of understanding gathered from the
past trading methodology and theory. Combination of trend
following, reversal understanding, bounce concept, zones concept,
confluence, market structure, wave theory, breakout/breakin,
roadmap and momentum. The idea is that a successful swing of
Daily able to generate a nice profit and risk reward as well.
Ofcourse I do not blindly trade it when price arrived the edge area of
Daily. Conditions and rules are further applied in order to get a nice
trade. However, loss is unavoidable as market keep changing,
market will provide the chance, I just need to be patience and wait
for it
2.0 Trading Instruments & Tasks:
Instruments traded will be mainly XAUUSD, XAGUSD, EURGBP,
GBPAUD, GBPUSD, GBPJPY, USDCAD, AUDUSD, EURUSD & EURAUD.
(USD Index and USDJPY will be a guide for Usd related pairs, not be
traded)
These pairs are the pool, not all be traded each week, all pairs will
be analysed on weekend for choosing the potential ones for the
following week. Daily Task is to monitor the pairs and journalise
them if theres entry. The pairs will be reviewed on weekend for
noting down important feedback.
3.0 Theory behind this Trading Setup:
3.1 Timeframe & Setup:
Timeframe traded will be mainly including Daily, H4 and H1. Daily
Bounce, H4 structure and trend, H1 breakout/breakin and
momentum.
(Weekly for long term big picture and identifying critical zones for
analysing Daily position in Weekly trend, while M15 for Surgery
entry and cut loss, but not needed in most of the time).

Daily
Backbone of the trade mainly derived from Daily (the edge of Daily),
Im trading the Bounce of Daily, when price arrived the area of
confluence, we will down TF-H4 to look for market structure and
breakin if it appear.

H4
This TF will be the structure TF, look for breakin and retest area,
trendlines & SR as market structure

H1
This TF will be the entry TF (direct break and momentum after
exhaustion will be the trigger signal) Calculate Risk and Reward, if
pass all good to go).

4.0 Entry
Entry will be based on H1 (as picture above), or M15 for surgery
entry (containment break and restest- if missed signal generate by
H1)
5.0 Reentry
1. If the trade has hit SL, I will wait for the same situation to
appear for reentry,
2. If exit manually, again, wait for a similar situation to appear
for reentry
3. If missed, will down to M15 to check whether theres
chances for reentry, provided if risk & reward allows)
4. If price hit SL and go against the initial traded direction, I
will wait and see whether theres chances for my breakout
trendfollowing setup to enter.

6.0 Exit with profit

RRR (reward risk ratio) will be the final determinant of entry. Only
take trades with potential 3:1 to 5:1 trades (potential means the 3:1
calculation must be atleast on the last lower high (buy) or higher
low (sell) of H4.
7.0 Exit with loss
Trades will be exit with loss with SL placing , unless correlated pairs
such as USDJPY & USDIndex for usd related pairs, EURGBP with
GBPUSD & EURUSD, AUDUSD with EURAUD & GBPAUD activates
strong signal against my trade direction plus an exit signal
(momentum deactivation) from the pairs Im trading. Anyhow,
correlated pairs are just guide, decision on manual exit need to
based on the signal from the traded pair itself.
8.0 Risk Management
Each trade will be risking 2% (1R), and will be splited into 2 position
(30% & 70%). In order for myself to have choices either take profit
with 70% at initial tp point while letting the left 30% to trail. Or
manual exit 70% if price against me, with left 30% to the fix stop.
Reward Risk Ratio must be atleast 3:1 and in between 5:1 for
getting a pass for trading it. Weekly Loss not more than 6% (3R)