Chapter 1 · Introduction
Build the trade before the pressure begins.
The Set It and Forget It process is designed for traders who want to participate in multi-month moves without watching charts all day. It begins with a prepared station, looks only for long-term uptrends, and defines every important decision before an order is submitted.
Trend
Is the long-term structure still moving higher?
Momentum
Have buyers started stepping back in?
Entry
What price behavior earns the trade?
Risk
Where is the idea wrong, and what can you lose?
Destination
Where is the next realistic price target?
Chapter 2 · Set Up TradingView
Build the station before looking for trades.
Create a clean TradingView layout for the strategy. Keep monthly, weekly, and daily timeframes available in that order. The monthly chart controls the long-term thesis, the weekly chart adds context, and the daily chart helps with confirmation and execution.
- Create a dedicated Set It and Forget It layout.
- Keep monthly, weekly, and daily timeframes available.
- Add BXTrender with the 5 / 25 / 25 configuration.
- Keep the horizontal-line and long-position tools accessible.
- Connect a supported broker only if you plan to place orders through TradingView.
Avoid using BXTrender below the daily timeframe with this configuration. Smaller timeframes add noise and do not match the strategy’s intended holding period.
Chapter 3 · Read BXTrender
Use four colors to describe momentum.
BXTrender is the momentum filter for the process. Read the color on the timeframe you are studying, then compare it with the larger structure. A single color change can be an early signal; several bars in sequence provide more confirmation.
Bullish momentum is beginning or continuing.
Bullish momentum is weakening.
Bearish momentum is beginning or continuing.
Bearish momentum is weakening.
The larger the timeframe, the larger the move it can describe. Start with monthly, confirm with weekly, and use daily only after the larger context is clear.
Chapter 4 · Read the Eden Map
Turn options positioning into a price map.
Search the ticker in Eden and open Key Levels and Price Targets. Eden uses current options-market information to organize potential trigger levels, reaction areas, and expiration-based ranges. These are conditional planning levels, not guaranteed support, resistance, or future prices.
- Record the current spot price.
- Locate P-Trans and N-Trans.
- Identify unusually tall positive and negative bars.
- Mark the nearest strong areas of interest.
- Open Price Targets and choose the horizon that matches the trade.
Options positioning changes over time. Refresh Eden before building a new plan and record the date when you transfer levels to your chart.
Chapter 5 · Find Stocks That Can Run
Begin with long-term uptrends.
Switch the candidate to the monthly chart. The goal is to find a stock whose larger structure is already moving higher. Shorting can work, but it usually requires more attention and works against the low-maintenance objective of this strategy.
Monthly momentum can persist for six months or longer. That longer horizon gives a valid setup room to develop without reacting to every daily pullback.
Is the long-term trend still moving higher? If the answer is no, move to another stock.
Chapter 6 · Confirm Market Structure
Find the low that began the expansion.
Mark the lowest price immediately before the bullish monthly rally began. That becomes the major swing low. Mark the highest point of the expansion as the major swing high. Pullbacks inside that range can be large without breaking the long-term structure.
In the ZETA example, the major range ran from approximately $7.24 to $38.20. In the later MU example, a new major range formed after price broke the prior downtrend. Each new expansion can create a new structural range.
“The long-term structure remains bullish while the monthly chart closes above $____. The previous major swing high is $____.”
Chapter 7 · Wait for Momentum
Do not buy every dip.
A bullish structure makes the stock eligible. It does not make every price an entry. During a pullback, wait for bearish momentum to weaken and bullish monthly momentum to return. That change shows that buyers may be stepping back in while the larger structure remains intact.
Keep watching. A lower price alone is not confirmation.
Prepare the map, but wait for the shift.
Begin planning the entry for the next potential expansion.
Chapter 8 · Mark the Key Levels
Mark the prices where momentum can change.
P-Trans is Eden’s bullish transition level. N-Trans is the bearish transition level. Areas of interest are unusually strong bars relative to nearby strikes. An AOI may act as support when price falls into it or resistance when price rises into it, and that role can change after price crosses the level.
Draw and label each selected level with a horizontal line. Do not trade while price is moving without direction between P-Trans and N-Trans. Wait for the market to establish momentum on one side.
Chapter 9 · Find the Entry and Stop
Wait for confirmation at P-Trans.
When the long-term structure is bullish and price approaches P-Trans, watch for price to close above or repeatedly hold the level on the daily or weekly chart. The stronger timeframe provides stronger confirmation. P-Trans tells you where to pay attention; it does not require an automatic purchase.
The stop belongs where the trade idea is no longer valid. Depending on the plan, that may be below the confirmed support area, below N-Trans, or slightly beyond it to allow normal movement. Define that choice before placing the trade and do not keep moving the stop lower.
“If the long-term structure remains bullish and price holds above P-Trans at $____, I may enter near $____. The idea is invalid below $____.”
Chapter 10 · Choose Price Targets
Match the destination to the holding period.
Eden groups projected ranges by real option expirations. Each row includes the expiration date, days to expiration, expected range, upper target, and lower target. Copy the appropriate target to TradingView and label the line so its horizon remains clear.
Use the last Friday expiration of the month and label the upper and lower levels MPT.
For ETFs and indexes, use Eden’s quarterly expiration. For stocks, use the expiration closest to the next earnings date after the latest report.
Use the final December or first January expiration as a broad annual anchor.
Targets are places to prepare for a reaction or take profit. They do not guarantee that price will arrive or reverse.
Chapter 11 · Is the Trade Worth Taking?
Reject the trade before adjusting the plan.
Now compare the entry, invalidation, and target. A valid setup can still be a poor trade when the likely destination is too close or the required stop is too far away. Do not move the stop or invent a larger target merely to make the numbers look better.
- Is the long-term structure bullish?
- Has bullish momentum returned?
- Is the entry based on confirmation?
- Does the stop represent real invalidation?
- Is the target reachable within the chosen horizon?
- Is the potential reward sufficient for the required risk?
Chapter 12 · Calculate Risk to Reward
Measure what you can gain for each dollar at risk.
Use TradingView’s Long Position tool or calculate the values directly. Place the center at the planned entry, the lower boundary at the stop, and the upper boundary at the target.
The required ratio depends on the strategy’s demonstrated win rate. A lower win rate needs larger average winners to offset losses. Use one consistent minimum instead of changing the requirement for each idea.
Chapter 13 · Choose the Position Size
Separate position value from account risk.
Fixed position sizing invests the same percentage or dollar amount in each trade. It is simple and creates predictable exposure, but the amount lost still changes with the distance to the stop.
Defined-risk sizing begins with the maximum account loss you accept. Divide that amount by the entry-to-stop distance to calculate the number of shares.
Example: risking $500 with a $6.69 entry-to-stop distance allows 74.73 shares. Round down to 74 shares. A wider stop results in fewer shares while keeping the planned loss near $500, excluding gaps and slippage.
A risk budget near 0.5% of account value is conservative. One percent is more aggressive. Choose a limit that you can apply consistently across a series of trades.
Chapter 14 · Build the Final Blueprint
Put the entire trade on one page.
While the monthly structure remains bullish above [major swing low], if bullish momentum is present and price confirms above [P-Trans], I will enter near [entry], risk no more than [amount], exit if price reaches [invalidation], and look for [target] by [expiration].
Chapter 15 · Place the Bracket Order
Submit the plan as one connected order.
Use a broker that supports bracket orders for the security you are trading. Enter the planned limit price, enable both stop loss and take profit, and enter the exact prices from the blueprint. Review the quantity, order duration, and regular-hours settings before submitting.
- Confirm the ticker and share quantity.
- Enter the planned limit price.
- Enable the stop-loss order.
- Enable the take-profit order.
- Confirm time in force and trading-session settings.
- Review every price before pressing Buy.
Broker features and order behavior can change. Confirm current support in the broker’s order ticket and documentation. A stop order cannot guarantee its trigger price during a gap.
Chapter 16 · Let the Plan Work
React to the plan instead of every candle.
The strategy is complete when the entry, stop, and target are working together. If the entry never fills, let it go. If the stop executes, accept the defined loss. If the target is reached, follow the planned exit. Review the trade on a schedule that matches the timeframe rather than watching every intraday movement.
Is the long-term trend still bullish? Is price confirming at the planned entry? Where does the trade become invalid?
Set it and forget it does not mean ignoring risk. It means making the important decisions in advance and allowing the market—not emotion—to determine which condition happens next.