Key phrases: weekly levels, daily levels, session highs lows, FX trading routine, reduce impulsive trades.
Use this focused 10-minute routine each morning (or at the start of a major session) to identify the most relevant price levels, remove guesswork, and improve target selection. No indicators, no math — just price structure and rules.
Why this helps
- Higher-timeframe levels give context so you don’t trade against major supply/demand.
- Daily and session levels show where active participants currently value the market.
- Having a short checklist reduces impulsive entries and clarifies targets before you click trade.
The 10-minute routine (step-by-step)
Minute 0–3: Weekly levels (3 minutes)
- Open a weekly chart. Mark the prior week’s high and low with horizontal lines. Also mark the weekly open if it’s near price action.
- Label them: Weekly Resistance (weekly high), Weekly Support (weekly low), Weekly Open.
- Observe where current price sits relative to these levels — above, between, or below. That sets the bigger bias.
Minute 3–7: Daily levels (4 minutes)
- Switch to the daily chart. Mark the previous day’s high and low and today’s open.
- Look for overlaps with weekly levels. A daily high that touches a weekly resistance is higher-probability supply.
- Note any congestion zones where several levels sit close together — these are priority zones for entering or targeting trades.
Minute 7–10: Current session highs/lows (3 minutes)
- Identify which session you plan to trade (e.g., London or New York). On an intraday chart, mark the session high and low so far.
- Track whether price has broken and held past those session levels or has been rejected at a higher-level daily/weekly barrier.
- Make a short note: session momentum toward weekly resistance, holding above daily support, etc.
How to use the levels to reduce impulsive trades
- Rule 1: No entry without a level interaction. Wait for price to reach or test a level before considering a trade.
- Rule 2: Favor trades that align with the higher-timeframe context. If price is below the weekly open and testing weekly resistance, expect sellers to be stronger.
- Rule 3: Require a clear price reaction (rejection wick, consolidation, small breakout-failure) at the level before entering — not just a guess that price will reverse.
Target selection without indicators
Targets are the next visible level on your chart. If you enter short at a weekly resistance, the first reasonable target is the nearest daily support, the second target is the weekly low. Choosing targets this way avoids random exits and lets you manage the trade by obvious structural points.
FX example: EUR/USD
Weekly: Prior week’s high sits at a clear resistance zone. Daily: Yesterday’s low sits 20 pips below current price as nearby support. London session: price approaches the weekly resistance and shows a rejection wick.
Plan: If price tests the weekly resistance and shows rejection, consider a short. Target the daily low as the first objective, then the weekly low if momentum continues. If price breaks and holds above weekly resistance, avoid shorting — reset the plan and mark new levels.
Benefits in practice
- Stops emotional, uncertain entries — you trade reactions to levels, not hunches.
- Targets are objective and visible, improving trade sizing and risk decisions.
- The routine is fast, repeatable, and fits into any trading schedule.
Printable checklist
Before I take a trade…
- Weekly high/low/open marked and labeled on my chart.
- Daily high/low/open marked and compared to weekly levels.
- Current session high/low marked and interaction noted.
- Trade aligns with higher-timeframe context (weekly/daily).
- Price has clearly reacted at a level (rejection, consolidation, or breakout-failure).
- Primary and secondary targets set at visible chart levels.
- Stop level visible and location makes sense relative to nearby levels.
- Trade size and risk pre-determined and acceptable to my plan.
- No major news expected for this instrument during the trade window.
- I have a written reason for this trade and will follow the plan.
Run this routine daily. Over time it trains patience, reduces impulsive decisions, and makes target selection a simple, visual procedure rather than a guessing game.
