Price moves Up, forms a Range high
and down, forms a Range Low
Zoomed in 15 min TF:
Moving up from Range Low, forms HH, HL structure
Forms an area of interest after break in MS
Hence,
1. Trend is Up 2. Area of Interest is made
Now, wait for price to come down
5 min TF:
Price comes down to it, Look for entry
1 min TF:
Price makes a low
Low is Swept
MS breaks to Upside
Look for :
Entry on Breaker EQ/High
Stop below Range of Interest
Target: previous Range highs on HTF
Then,
Price comes down, Entry done
Price sweeps prior low
Zoomed out 3 min TF:
Previous Range highs Target of HTF hit
Will try this on: $BTC, $ETH
Summary:
- Range forms
- See market structure and it's break
- Look for suitable Entry area of interest
- Sweeps, MS Break, price revisit at Area of Interest for Entry
- Target Range High
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However, I believe one should know who he follows so you know what to expect
So Who Am I?
A thread:
1/n
I'm a Civil Engineer who got amazed by the markets in 2017 because of the Bull run in Cryptocurrency markets.
2/n
Between Dec 2017 to May 2017, I won some and lost some.
A Liquidation (funds wiped off to zero) event in May '17 made me go serious about markets.
I started studying and have been trading seriously, following Money and Risk management since then.
3/n
As a result, I didn't lose big but didn't win big either because of lack of Discipline, Patience and Trading
System.
I have read about and used a lot of Indicators but finally switched to Price Action and now I love it.