Courses › BLT | Bank Level Trading
EW5 & EW4 Entry Rules Checklist I
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What this lesson covers
This lesson makes the case for the checklist itself, and it is presented as one of the most important in the series for two reasons. The first is edge: a checklist applied consistently produces a defined strategy rather than a set of ideas applied unevenly. The second is psychology. Without a checklist you are far more likely to break rules, get lazy about the criteria, and fall into the cycle of self sabotage where each departure from the plan justifies the next. The lesson works through the entry rules for the Elliott wave four and five entries in checklist form, and explains how to use it during a session rather than after.