How to Slay a Monster and Pocket a Fat Stack of Cash

Yesterday, while wandering through the dark forests of the charts, I stumbled upon a raging Head & Shoulders monster.

For real, this guy looked seriously grim.

So I asked myself: how do I take him down?

Well, there are a thousand ways. The key is having a solid plan before you strike.

Yep, you guessed it. This is about a trade ;-)

Here’s what I mapped out for my trade plan:

- I spot the formation, I want to go short.

- Right after market open, I wait for a signal.

- I wait for weakness in the market — a long red candle would be perfect.

- I see it break the yellow CIB line.

- Instantly, I execute my plan: short on a deep close.

- My stop sits right above the last confirmed high.

- What about my profit target?Easy! This is where my pitchfork with the sharp prongs comes into play. Drawn by the rules, and voilà, I see two clean profit targets: PTG1 is the Centerline, Risk-Reward about 2.5, or 213 points → $4260 per NQ contract, or $426 per MNQ contract. And PTG2 is at the L-MLH, with a Risk-Reward north of 7.

The candle closes almost at the low. I fire my contracts and I’m short!

Quick doublecheck:

- Stop-loss in? CHECK!

- Profit target in? CHECK!

- GTC set? CHECK!

- Trailing stop alerts active? CHECK!

Orders are in the market, my plan is alive and doing its job.

Now what?

Back to work on whatever I was doing before.

What, no greedy trade-watching?

No trembling?

No hoping I don’t get stopped out?

Nope.

None of that.

Once the arrow is shot, can I pull it back?

Nope.

That arrow has a destiny — to slay the monster!

“…but you could exit early if it goes against you.”

Sure, I could. But that’s not in my plan. And what’s the point of having a plan if I don’t follow it?

Here’s how I see it:

- I’ve got a mission — slay the monster.

- That mission only works if I’ve got a winning STRATEGY.

My Strategy:

1. My risk and target dictates my weapon. (NQ, MNQ)

2. My weapon dictates my approach: (where do I enter? Are my stop & target fixed?)

3. My approach dictates my actions. (Trailing Stop? Partial profits?)

Do I want to slay the monster or not?

Do I have a plan I can stick to or not?

And if I can’t follow my plan, why call myself a monster hunter at all?

Might as well stay home in comfort and do something that brings joy instead of bad vibes.

Did I slay the monster?

Partly — it caught a hefty arrow in its ass. And I’m already lurking again, waiting for the next profitable strike.

>>> Link to my live post on TradingView.com <<<

My PTG1 hit at the centerline (the 80% rule in the Fork trading framework).

PTG2 didn’t, and that's OK.

So still: that’s $4260 per NQ contract, or $426 per MNQ contract — the reward of a monster hunter §8-)

If you’d like to slay a few monsters yourself with an 80% probability, grab the ForkTrading Blueprint here. It’s a solid, easy entry into trading with the Fork — and explains why I keep talking about an 80% edge. Yep, it’s free for you ;-)

And hey, as a small favor: you could help me spread the word by sharing this site on your socials. Thanks a ton.

Wishing you all an exciting hunt!

Emilio