#PriceAction

Range strategy

Quick write up on a commonly used setup I tend to look for when price ranges.

Criteria is as such:

- Range Forms
- Price sweep/deviation of range point
- MSB (Market structure break)
- Test of formed SD
- TP

Enjoy!
Range forms

Price outlines two swing points in the market.

Price sweep/deviation

Following the identified swing points- price proceeds to sweep/deviate before closing back inside range
MSB

Following the price sweep/deviation; price breaks structure and shifts a new low.

Test of formed SD

Formed supply following sweep + MSB
TP

Following test of formed SD price proceeds to the untapped low.

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More from @RektProof

2 Feb
#PriceAction

This is how Alts have played out the last few weeks to my perspective and currently.

1. Initial drive up (get people bullish)
2. Sell off into HTF Demand (Sentiment flips bearish)
3. Price gets back above with trapped funds in lock.

Examples attached.
2/4

When you see price move up early in the week and sentiment favoring a certain side its good to zoom out and mark out your untested HTF Demands as we might be engineering liquidity.

(Notes on chart)
3/4

Examples:
Read 4 tweets
29 Jun 20
#PriceAction

Here is a write up on trapping market participants to my understanding:

Using current price action as an example:

1. Accumulation:Postions Build up
2. Distribution into breakout traders.
3. Re Distribtion into liquidity pockets

Enjoy!

#btc
1. Accumulation:Postions Build up

Postions build up, market participants chopped within a short term accumulation.

Notes on the chart:
2. Distribution into breakout traders

Breakout traders expecting another leg up are lured into filling the remaining shorts Market Makers might have. Market participants provide liquidity to the market.

Notes on the chart:
Read 4 tweets
12 May 20
#PriceAction

The only way to better your edge is by going into previous PA and having a level of understanding towards it

Dissected this previous PA and some stuff I observed:

Hope it helps

1. Relevant Swing Points
2. Market Structure Break
3. Formed Supply:TP
4. Conclusion
1. Relevant Swing Points

Price trends down with local sweeps at each stop. In blue we form a set of equal highs without a local sweep. (MSB below was a formed breaker)

Price comes back to equal highs and engineers liquidity/price sweep prior to breaking down

Notes on chart
2. Market Structure Break

H1:

Price trends up and we have a price range with a swing high that forms into equal highs

We no longer need to run the range high considering that swing formed was a run of the equal highs

Range low fails to hold and we have MSB

Notes on chart
Read 5 tweets
7 May 20
#PriceAction

Stop Loss vs Hard Stops

Wanted to go over a key topic I find important and that’s knowing when to cut your loses early on a systematic approach

Hard stops are in place to limit your loses and resolute around key levels

1.Long Example
2.Short Example
3.Conclusion Image
1. Long Example

When looking for longs it’s crucial to find formed demand levels/breakers above your key levels. Stop loss placements are around previous formed swing points.

Closes below key levels are signs of weakness and make for a manual exit.

Notes on the chart ImageImageImage
3. Short Example

For shorts you want your key levels above your formed supply/resistance levels. Stop loss placements above previous swing points.

Notes on the chart ImageImageImage
Read 4 tweets
27 Apr 20
/

Current thoughts.

Dips are for buying.

Sentiment gets very bearish when price attempts to print a higher low rather than wait for price distribution to play out.

Looking for longs on pullbacks but willing to short scalps.

Let’s see what we get.

#btc ImageImageImage
/

HTF picture.

Lows ran, deviation with a break back inside and looking for a dip into daily breaker for a move up to weekly breaker.

Cleans up top. Image
/

Still looking for upside into that weekly breaker but remaining cautious.

Considering we have consolidated a weeks worth of PA around day opens and weekly opens I’m watching aswell for a power of 3 to the upside.

Trap some breakout longs, rinse them and send it. Image
Read 4 tweets
7 Apr 20
#PriceAction

Write up on how you can set yourself up between different time frames and have a filtered bias and game plan as the market moves

Using current PA:

1. Importance of Multi Bias Setups
2. HTF Resistance Setups
3. Mid TF directional bias
4. LTF scalps
5. Conclusion
1. Importance of Multi Bias Setups

As the market moves you’re fortunate enough to play either direction. Rather than be stuck on a one sided bias have a game plan for each time frame.
2. HTF Resistance Setups

As the market trends it’s important to focus on potential reversal areas.

Triggers I use are Weekly SR with formed daily/H12 Supply levels

Look for developing PA in these areas along with distribution as we tend to range for a long period of time.
Read 6 tweets

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