A pre-trade checklist before Fibonacci entries

Decision inputs as the working system

The described process treats a common group of decision inputs as the working system rather than a single perfect indicator. A checklist-process, in the sense used here, is a fixed pre-trade sequence that records rule inputs, market state, and execution constraints so entry, exit, and abstention can be tested as one procedure.

Premarket frame and the 15-minute rule

Premarket work is scheduled from 5:00 am to 8:45 am so the same framed levels sit on every screen before the session opens.

The 15-minute high-low rule waits for a breach of the first 15-minute range and then allows trades only above that high or below that low. A confirming candle close beyond the 15-minute high or low is treated as the continuation condition for staging the trade.

Higher-timeframe map, then a five-minute breakout

The 30-minute chart is used to define the daytrading trend and to draw Fibonacci levels before the five-minute chart is used to wait for a completed three-bar high-low and a breakout.

Fibonacci retracement, as used in this note, means higher-timeframe price-structure levels used to locate a later lower-timeframe breakout as a falsifiable entry hypothesis.

Stay-or-go rules and position limits

If a watched market is not getting ready to move, the procedure is to leave it alone rather than force a trade. The process treats discretion as a stay-or-go question about whether price is actually doing something at the framed level.

That stay-or-go step is the trading psychology process: a decision process that converts emotional pressure into explicit stay-out and size rules rather than ad hoc overrides.

A known scheduled event such as a 2 pm FOMC announcement is treated as a sit-on-hands constraint rather than a reason to trade the first reaction. Overnight exposure is usually avoided; if a position is held, it is hedged because the next open is treated as unknown. Position size is constrained to what the account can absorb, including the risk of a large move while the trader is away from the screen without a stop.