PRICE ACTION10 RULES

Price Action Day Trader

Clean chart trading using support/resistance levels and candlestick patterns. No indicators. Focused on NY session with strict risk management for prop firm accounts.

TRADERS: 3,214
AVG COMPLIANCE: 79%
TIMEFRAMES: 15m, 1H, 4H

Who This Template Fits

Best for traders who read clean levels and candle behavior without needing heavy indicator logic in the rulebook.

What To Customize First

Customize the entry confirmation language first. Price-action templates need your exact definition of confirmation, invalidation, and session context.

Evidence Behind This Template

  • 0110 rules in the template, including 4 explicit risk rules
  • 012 timing rules that constrain when the setup is allowed
  • 01Recommended firms: FTMO, TopStep, Apex Trader Funding, The5%ers, FundedNext
  • 01Average seeded compliance benchmark: 79%

ENTRY

  1. 01Enter only at pre-marked support or resistance levels from the daily or 4H chart
  2. 02Require a candlestick confirmation pattern (engulfing, pin bar, or inside bar breakout) at the level
  3. 03Price must show rejection from the level, not just a touch

EXIT

  1. 01Close all positions 30 minutes before session end

RISK MANAGEMENT

  1. 01Maximum 1.5% account risk per trade
  2. 02Risk-to-reward ratio must be at least 1.5:1 before entering
  3. 03Maximum 3 trades per day
  4. 04If daily P&L reaches -3%, stop trading for the day

TIMING

  1. 01Trade only during NY session (09:30-16:00 EST)
  2. 02No entries in the first 15 minutes after market open

RECOMMENDED FIRMS

FTMOTopStepApex Trader FundingThe5%ersFundedNext