Barky’s Three Level Trade Plans

Updated and shared daily via the Substack newsletter, the Three Level Trade Plans offer clear charts, each with three primary levels:

• Level 1: key resistance – hourly break out above;
• Level 2: Bull/bear line – the balance line of the hourly setup;
• Level 3: key support – hourly break down below.

Here is an example of an actual trade plan, with the three levels marked.

During the session, when price hits one of these pre-planned levels, I wait for my Diagonal Entry Model to define risk and participate in trend continuation or reversal. Levels 1 and 3 always hold the key to the hourly trend.

Here is how that works on a price chart.
Short, partials into level 1 for 3R, trail runners;
Long, level 3 reclaimed, partials at level 2 for 3R and the day is made.

Simplicity and repeatability

This model sets up multiple times daily

Continuation vs Failed Continuation

Reversals and continuation are defined by higher lows and lower highs, technically setting up wedges or barrier triangles. The key to the model lies in the swing attempt. When a higher low fails to produce a new high, price attempts a breakdown. This is where the model comes in. When price looks below the projected diagonal, the EMA9 has to lead. The EMA9 rejection gives the entry parameter, defines risk, and then either triggers or fails, allowing us to trade into confirmation (trend) or failure (reversal).

Above Random Win Rate – Incredible Success Rate

The model has a 70% win rate, and with my stone cold parameters for risk management – there is a risk-off requirement when the position reaches the nearest resistance or when the risk size goes above 100% profit – the success rate is effectively increased to 97%.

Hard to believe? We have the Discord community where we prove this day in, day out.
Perhaps you care for some testimonials from real people that are easy to track on X or in the Discord community?

Trading is Easy – Patience is Hard

It is fairly easy to learn this entry model and use it to scalp for living. My trading course consists of just seven instructions that take you from the basic model through risk and position management to the technical entry model you see me share every single day. Even with just a basic understanding of the simplest model it is possible to take between 10 and 20 points from a session, and make a living without worrying about home runs.

Substack Trading Course

Elevate your trading acumen with the Substack trading courses, which deliver a refined curriculum through seven foundational lessons. These courses meticulously cover essential principles, including the entry model, higher timeframe analysis, psychological discipline, and risk management. Begin trading immediately while delving into the system’s technical intricacies through an additional 27 sophisticated reference tutorials and detailed walkthroughs.

• Precision Diagonal Entry Model Framework;
• Risk-Adjusted Position Sizing;
• Trend-Following Strategies;
• Higher Timeframe Contextual Analysis;
• Entry Concepts, harmonising higher and lower timeframes for unparalleled accuracy.

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Take the guesswork out of trading and replace it with risk informed decisions

Start Your Journey Today

Trading to Make a Living

When you work your way through my articles, instructions and courses, you are learning about price action. In the end, your challenge will be to use what you have learned, with focus on just those parts of it that you truly understand, and apply it to live price action in anticipation of a setup, so that you can compound gains, make a living.

For the vast majority of traders, trading psychology and discipline are a significant challenge.

The thing with price action is that with your understanding of concepts and models, the movements are always logical. Price simply moves from order pool to order pool, and make you feel like you are missing out unless you participate.

The key to profitability lies in the ability to wait for the perfect moment.

You have to be selective and distinguish between what you want and what you need. You want to piece of every move, but you need a solid setup to define risk, reward and probability, so that you can make your income for the session.

Once you embrace that waiting and missing out are unrelated, you can accept patience as a part of the job and muster the discipline that is the essence of the foundation for your successful trading career.

Your Job Description

Your job is to isolate contractions. Setups that allow you to define risk and potential reward. You have to be able to look at price action and say one of three things:

• Solid price action, too bad they didn’t give me a setup;
• Solid price action, too bad I missed that nice entry setup down there;
• Price is setting up my model, so I have plan this trade.

You will only prepare to trade in one of these three situations. Anything else means your job is to wait.

Then when you do get an entry, your job is to hit the entry immediately when it triggers. Hesitation is fear of uncertainty and skews risk/reward. There is no question. If your model sets up, you HAVE to take the entry immediately when it triggers, and then risk 1R, and wait to see what the market gives you.

Discipline is Key – Avoid Going Full Tilt

The biggest problem for beginners, is the focus on the money. Losing is killing, but you can’t engage the markets without taking losses. You have to set rules for yourself. You are no exception if you go tilt when you take a loss. You have to be able to walk away – and I know how tough that is.

The process that leads you to go tilt starts with the inability to wait for a setup model that you understand. Let that sink in. Your job is to wait for a contraction to define risk, and then take the trade if it sets up and triggers.

Once you are in a trade, the rules say to wait for 1R for partials, then scalp or swing runners. The same fear of uncertainty that causes you to hesitate during entries will lead you to take partials too soon. If you are scared, you will end up entering late and exiting early. You can never become successful this way.

• You have to trust the system and ignore your emotions;
• You have to wait for your setup model;
• You have to execute in line with the parameters;
• You take the wins, and you take the losses.

If you follow the rules, your wins will make 1R or more and your losses will lose 1R, no more. Over time, your account grows.