Trade Plan

WRB Trade Planner Indicator – How to Plan WRB Trades

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This video is a tutorial on the WRB (Wide Range Bar) Trade Planner indicator. I cover what it does, what it does not do, and how to use it. At the end, we plan a live WRB Fade trade on DASH.

What the Indicator Does

The indicator provides a structured approach to designing clear rule-based trade plans around WRBs, with predefined entry, stop, risk, and target levels. It is designed to reinforce discipline and consistency.

• Identifies WRBs using user-defined criteria
• Displays entry, stop, and target levels derived from the WRB
• Calculates position size based on dollar risk and stop distance
• Marks triggered and canceled trades visually on the chart

What the Indicator Does Not Do

• It does not decide which WRB you should trade
• It does not distinguish between high-quality and low-quality WRB setups

Trade selection, context analysis, and management decisions remain the trader’s responsibility. This tool is designed to support a disciplined process — not replace it.

Indicator Link:
Wide Range Bar (WRB) Trade Planner

Shane

Taking On Discipline In Stages

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Once you have decided that you need discipline in your trading, knowing where to start can be difficult and overwhelming. There are many pieces to a trading plan, and it’s easy to feel overwhelmed.

You can break the task into manageable sections and master one discipline at a time, or focus on the the discipline you need. This approach makes the process more manageable and ensures that each aspect of your trading strategy is given the attention it deserves.

Trading Plan Components: Each of these sections should have objective rules so there isn’t any escape room:
Method Rules
Entry Rules
Stop Rules
trailing Stop Rules
Exit Rules
Journaling

Trade Plan for TME, COIN

Shane