Chapter 11
Executing the Game Plan
The snap cadence of football quarterbacks everywhere goes something like this: “Blue 52. Blue 52. Hut. Hut.” That snap cadence gives clues to the offensive linemen, the running backs, and the receivers, who remain motionless as they await the snap of the ball. Sometimes the quarterback's snap cadence will change the play. Sometimes its intention is to confuse the opponent's defense. In all situations, during the snap cadence the players coil like springs. Then, when the ball is snapped, the spring explodes and the players execute the play. Each play is a part of the team's game plan. The play should support the team's objectives set up by the game plan. Sometimes the play does what the team thought it would do, and a good gain is achieved. Other times it does not, and a small loss or gain is made on the play.
In currency trading, there is no quarterback calling out a cadence; the market does give clues that often ignite a “play.” That play is a trade, and the trade is part of the game plan. Our game plan—to trade trends and keep fear to a minimum—should be a requirement of all our trades. Sometimes the trades do what is expected and the market trends. A good gain is achieved. Other times it does not, and the trade is closed for a small loss or gain.
In Chapter 10, the snap cadence for a trend trade was developed. It was the market's cadence to the trade. The market clues from the five-minute, hourly, and daily charts all pointed to a potential ...
