Three Level Trade Plans - The Barkworthy Notes

Barky’s Three Level Trade Plans

No timeframe creates a better filter between lower timeframe setups (day trades) and higher timeframe setups (swing trades) than the hourly (H1). Delivered daily through our Substack newsletter, the Three Level Trade Plans provide clear, actionable charts featuring three critical levels:

Level 1: Key Resistance – Target for an hourly breakout above.
Level 2: Bull/Bear Line – The pivotal balance line of the hourly setup.
Level 3: Key Support – Watch for an hourly breakdown below.

Trading these plans is straightforward: when price hits a pre-planned level, use the entry model to define risk, trade the acceptance or rejection, take partial profits to eliminate risk, and let risk-free runners aim for the next level.

The strategy is fully integrated with Barky’s Diagonal Entry Model.

Here is a simple example of how that works. In the current setup, sellers are attempting a breakdown through key support, but the trade plan stated that a failed breakdown below level 3 would be a strong buy.

Buyers stepped in and reclaimed level 3 to trigger long, with level 2 the target for partials. If level 2 reclaims, price targets level 1, break out above.

As price dynamically forms new highs, lows, and levels, the Three Level Trade Plans adapt fluidly to capture these shifts. Updated daily, they align seamlessly with evolving price action for consistent trading opportunities.

Barky’s Diagonal Entry Model is Key

Entries are always managed by means of Barky’s Diagonal Entry Model – no exceptions. The entry model is key to defining risk distance for appropriate position sizing. The basic entry model and risk based position sizing comprise the first two instructions of Barky’s trading course and included in the Substack subscription.

Join the Community

Subscribe to Substack to receive daily Three-Level Trade Plans for S&P 500 and Nasdaq 100 futures. This subscription also grants access to Barky’s trading course, which breaks down the entry model into simple steps, enabling you to start trading almost immediately.

The Substack newsletter and trading course services are further enhanced by an active Discord community where Barky and team mates share real-time trade setups, including plans, entries, and stops. The point with this community is to teach members how they can identify and execute trades without the benefit of hind sight.