Entry model · v1.0
PCR — Previous Candle Range
Five-candle model: mark the previous candle’s range, wait for a 3-candle swing to raid one side of it, demand a 4th-candle CLOSE back through the swing (a wick is not confirmation), then use the 5th candle as the retrace-entry window from a PD Array. Direction, liquidity, candle sequence, location, confirmation and risk must all agree.
- LONDON
- NY AM
- MIN R:R 2:1
- RISK 0.5%
Required
Every box checks or there is no trade
- HTF bias set and a clear draw on liquidity identified
- Previous candle’s high/low marked; one side raided by the swing
- Clean 3-candle swing at a meaningful location
- 4th candle CLOSES beyond the 3rd candle’s reference — wick ≠ close
- 5th candle: wait for the retrace into a PD Array — no auto-entry
- LTF confirmation at the array (sweep, displacement, MSS)
- Stop beyond the swing extreme; target = opposing liquidity
- Enough room to target for the risk — reject late setups
Optional confluence
Not mandatory — each one adds weight
- Grade the setup (A/B/C) before entry; skip C-grades
Warnings
If one of these fires, stand down
- Outside bar took both sides — stand down until direction proves
This checklist is an educational planning template. Workstation detection and backtest support are model-specific, so a checked list does not imply an automated or live signal.
Open this model in the workstation
PCR — Previous Candle Range is loaded in the educational playbook. Automation support varies.
Discipline
The model is half the trade.
Consistency over perfection
Execute the same model the same way every time. A mediocre model executed consistently beats a brilliant one executed randomly.
Prove it on paper first
New model? Backtest it, then forward-test in replay or demo for a full sample before risking money. The market will still be there next month.
One quality trade beats ten impulsive ones
You are paid for waiting for your model, not for activity. If today gives no A+ setup, flat is a position — and it outperforms most accounts.