Catapult Strategy.

90 minute Chart
1. Add Moving Average: 50ema
2. Add Moving Average: 21ema
3. Add Moving Average: 8ema
4. Signal 1 - When the candle straddles the 50ema, you should take notice. This
is not your entry it is just your alert.

5. Signal 2 - The next candle after the straddle candle must be the same color as
the straddle candle.

6. Entry Rate - Take the close rate of the candle after the straddle candle and
7.

8.

9.

add/subtract 10 pips from it. Add for long trades and subtract for short trades.
This number is your entry rate.
Order Entry - Place your entry order and wait for execution. Execution can
and has taken some hours to occur. This is normal so dont worry. Other times
it will execute fairly quickly. Take it as it comes and dont try to make an early
entry.
Profit Target - This entry will yield on average about 40 pips. There will be
times when it may not yield as high, so be prepared and manage your
stoploss. You initial stoploss will be best placed below the 50ema. If this is too
far for your comfort, next look at placing it below the 21ema.
Exit - The candles tend to respect the 21ema. Once the candles begin to
breach the 21ema, your trade is probably over. This is a good exit point. You
may also take cues from the CCI at that time to see if it has peaked and
changed direction.

90 Catapult Checklist
Date Opened:__________Time Opened:_______
Date closed:____________Time Closed:_______
CURRENCY PAIR TRADED:_______________
PRICE OPEN:_________ PRICE CLOSED:_______ RPL:_______
PIPs_+/-______________
1.
2.

Setup Your Strategy and then Execute the Trades Based on the Strategy
Look for the Signal - The signal is A STRADDLE CANDLE ON THE 50 Exponential
Moving Average.
a. What COLOR is the straddle candle? _________
b. Now WAIT! for the next candle to close. Look at the COLOR. Is it the same as the
Straddle Candle above?
i. If YES____CONTINUE to step 3.
ii. If NO____WAIT for next candle to appear and go back to step 2a.

(Note: A STRADDLE CANDLE in the opposite color negates the first straddle. If you get a straddle
candle in the opposite direction, HALT! Start the process over from the beginning.)

2.

LOOK AT THE CLOSE PRICE of the 2nd candle. What is it?_______________

a. ADD 10 pips to the Close Price to GO LONG ____________
b. SUBTRACT 10 pips to go SHORT____________

Time to place ENTRY ORDER

3.

4.
5.
6.

ENTRY ORDER
a. Make sure you are in the right account
b. Click Entry Button
c. Enter # of Lots ____
d. Enter Rate(from step 4)_________________LONG_____SHORT_____
e. Place STOP OUTSIDE 50 Ema ______________
f. Place LIMIT __________

Was ENTRY RATE met? YES______ NO______TIME/DATE:___________

WAIT AND MONITOR the trade
Is the price still closing below the 8 exponential moving average?
a. If YES, ___Stay in the TRADE
b. If NO, ____GET OUT!!!
7. Are you 20 pips profitable? Move your Stop to Breakeven (the entry rate)
a. YES___NO___
8. Did you need to get out early? YES_____NO_____PRICE_______ RPL_________ WHY?
______________________________________Was it justified or should you have stayed in the
trade? (Learn from your mistakes check the chart later)
Comments_____________________________________________________________________________
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COMMENTS THUS FAR IN TRADE:

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