#swingtrading #WeeklyLevels #tradingplan #RiskManagement #CryptoStrategy
Most traders have ideas; few have a plan they can execute the same way every week. This one‑page swing plan uses only weekly levels, a simple trigger, and strict risk so entries don’t depend on gut feel.
Why weekly levels
They’re cleaner than intraday noise and respected by bigger players.
A single reclaim or loss of a weekly level often sets direction for several days.
The setup
Mark three weekly references
Last week’s high (WLH), low (WLL), and midline (WLM = (WLH+WLL)/2).
Bias:
Above WLM: constructive.
Reclaim WLH: breakout attempt.
Below WLM: defensive; below WLL: risk‑off.
The trigger
Use the “Close → Retest → Hold” rule on 1h/4h:
Close above WLH (or below WLL for shorts).
Retest the level within 24 hours.
Hold: candle closes back in the direction of the break with equal/higher volume.
Only then, enter. No early anticipations.
Stop placement
Longs: Below the retest candle’s low or the last 4h higher‑low, whichever is lower.
Shorts: Above retest high or last 4h lower‑high.
If stop >10% for large caps or >15% for mid caps, skip or wait for tighter structure.
Position sizing (risk parity lite)
Risk per trade = 0.25% of equity if running four positions; max portfolio risk 1%/day.
Size = Dollar risk / stop distance.
Adds and exits
Add once: After a new higher‑low forms above WLH and volume improves.
First take‑profit: Trim 25–30% at nearest supply/previous weekly range height.
Trail: Move stop under each new 4h higher‑low; never widen.
Market regime filter
Trade only when at least two of these align:
ETH/BTC making higher highs (alts) or BTC holding base (BTC/ETH focus).
ETF flows: two consecutive green days for risk‑on; two red for reduce/stand‑aside.
Breadth: Over half of watchlist above their prior WLH.
Weekly review cadence
Sunday: Draw levels; predefine entries/stops/targets.
Mon–Wed: Execute triggers; no chart redrawing.
Thu–Fri: Manage winners; avoid fresh risk late week unless flows/breadth improve.
Journal template (copy/paste)
Ticker | Bias (above/below WLM) | Trigger level (WLH/WLL) | Entry | Stop | Size | First target | Add level | Notes (flows, ETH/BTC, breadth).
Nine hard rules that protect PnL
No entry without Close → Retest → Hold.
One add‑on max per position.
Cut instantly if the retest low breaks on volume.
If two trades in a row violate rules, stop for 24 hours.
Never have more than five open swings.
No new trades after two consecutive red ETF flow days.
Trim earlier if funding crowds to extremes while price stalls.
Don’t trade mid‑range between WLM and WLH/WLL.
Always set alerts; never babysit candles.
