Luckshury Profile picture
Feb 27, 2023 14 tweets 9 min read Read on X
How I look at TPO charts 📊

I will discuss what I use/don't use and why.

SETTINGS shared throughout

//COMPLETE TPO THREAD ✅ / Template RELEASE

To receive revamped Daily TPO & Session TPO template for @ExochartsC which is being discussed -

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@ExochartsC 1️⃣ vPOC/tPOCs

• VOLUME point of control

• TIME point of control

tPOC - where has price spent the most TIME within this profile?

vPOC - where was the most volume transacted within this profile?

I place more weight on the VOLUME POC.
@ExochartsC 1️⃣🅱️ vPOC/tPOCs (Use case)

naked/untapped POCs are the most powerful.

Hence why I extend the naked ones out to mark onto TV

These levels can be key S/R levels with the correct confluence.

(Each TPO session is commonly split up as a daily profile)
@ExochartsC 2️⃣ Single prints

Inefficiencies in the chart

where single blocks are printed on the TPO chart creating "gaps"

Can be viewed as a magnet to be filled or tested as S/R Levels

I will prefer to see the SP filled as from my testing this is where we will get a better reaction.
@ExochartsC 2️⃣🅱️ Single prints

In Exo, we created a setting to show once the single print is filled

• "Show only first print range"

Is an option which will show you this.

I extend this ray also as the first touch of these levels can provide good reactions.
@ExochartsC 3️⃣ ST/BT - poor highs and lows

ST - Selling tail
BT - Buying tail

Single prints occur in the middle of a TPO profile

STs or BTs occur at the top or bottom end.
@ExochartsC 3️⃣🅱️ ST/BT - poor highs and lows

If I do not see one of these at an expected pivot point then we can expect that pivot point h/l still will be taken out.

a poor high or poor low is a TPO profile which does not have either an ST or BT at either end of its profile.
@ExochartsC 4️⃣ Session TPOs

Daily TPO sessions are typical they are split by dOpen.

Session TPOs are more often related to trading hours determined by different regions around the world.

I use this for trading intra-day nPOCs and in particular the vPOCs

5min 40tick - nPOCs extended
@ExochartsC 5️⃣ Merging sessions

I merge sessions which fit the following criteria:

• Directional trends
• Ranges I've identified via TV
• Sessions with similar VA values

The POC of these merges can have significance with confluence and provide key S/R levels to trade off.
@ExochartsC 5️⃣🅱️ Merging sessions

• Double-click any profile
• Hit the merge button to merge back a profile

OR use merge X to merge back a certain number of profiles.
@ExochartsC 6️⃣ POC Discrepancies

Where is the tPOC in relation to the vPOC?

Typically these 2 levels are either very close to one another or at the same level in relation to each TPO profile.

A discrepancy is when these 2 POCs are NOT together.

So what does that mean? 👇
@ExochartsC 6️⃣🅱️ POC Discrepancies

If we see a break of a range or a trend change & the vPOC is within the direction of the break which then leaves behind the tPOC.

- That would show strength in that move to me as it tells me volume is following the break of the range/trend change
@ExochartsC 7️⃣ Volume profile & Delta overlay

I prefer to see larger blue bars at the top of a profile or large red bars at the bottom of a profile if we are to see a pivot at either point.

This could signify trapped traders.

Then would check OI at those levels within a different tpl.
@ExochartsC If you enjoyed remember - RT the 1st Tweet of this thread to receive the templates discussed

thanks.

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More from @Luckshuryy

May 16
footprint charts (a complete guide)

a thread 🧵 Image
footprint vs regular charts:

footprint charts are a cleaner visual of the time & sales data.

it places buy/sell info on a per cluster basis, inside the candle.

doing this allows for easier identification of high volume/delta zones, absorption & trapped traders. Image
tick sizes:

inside the footprint, the cluster is divided into price blocks. Changing the tick size changes the granularity of these price blocks within each cluster.

larger tick size for increased volatility, lower the tick size when less volatile. Image
Read 7 tweets
May 1
market sessions: a complete guide

a thread 🧵 Image
Asia (00-06)

I tend to treat it as a mini "monday range" but for intra-day purposes.

It's initial break of range can be a good indication as for the rest of days direction, similar to monday range.

Break one side of the range and it protects the other side of it.

example ↓ Image
London (06-12)

my favourite session to gain a bias off.

1 - london puts in the daily high/low
2 - price moves against it (running stops)
3 - buy where people exit the market
4 - target london pivot being taken out

example ↓ Image
Read 7 tweets
Apr 23
naked point of control (nPOC)

a thread 🧵 Image
what are npocs:

point of control - where the most volume has occurred within a given volume profile.

naked poc - means it is yet to be revisited and left untapped.

npocs are most commonly "left untapped" due to trending moves pushing away from an area of value. Image
time-based npocs:

npocs are most commonly used across daily, weekly, and monthly timeframes, mostly used for medium/high timeframe reactions.

I recommend for lower time frames marking 15m/30m npocs, when used in confluence, can act as good intra-day levels for mean reversion setups.

example ↓Image
Read 6 tweets
Apr 11
monday range: a complete guide

a thread 🧵 Image
what is monday range?

using the high/low of monday as a anchor to form a bias for the remainder of the week.

marking this out from tuesday morning is the most common practice and what I would recommend.

- sweeps
- clean breaks

both used to form bias from tuesday onwards. Image
sweeps:

sweeps above/below monday range can be an early sign of mean reversion to the opposite side of monday range.

identifying new longs being caught offside above/below can be an early indication of this.

check:

- open interest (increasing)
- delta increasing (if above)
- delta decreasing (if below)

if price sees acceptance back into monday range, traders are offside and push price back to the opposite side of mondays range.

example ↓Image
Read 6 tweets
Mar 24
vwap: a complete guide

a thread 🧵 Image
what is vwap:

(volume weighted average price)

most commonly calculated through averaging the high, low & close.

helps determine who is in control, buyers or sellers.

price above vwap = buyers in control
price below vwap = sellers in control

vwap = fair value

example ↓ Image
time-based vwap:

the most common vwap is time-based resetting at the daily open of each day.

I find time-based vwaps to be most useful after some time has been spent away from the vwap before reverting back towards it for a reaction.

note - weekly/monthly vwaps can also be used in the exact same manner just through higher timeframes.

example ↓Image
Read 8 tweets
Mar 9
open interest (simplified):

a thread 🧵 Image
open interest vs price:

price ↑ with positive OI: New longs pushing price up
price ↑ with negative OI: Shorts getting squeezed

price ↓ with positive OI: New shorts pushing price up
price ↓ with negative OI: Longs getting squeezed

when new positions, whether long or short, drive price, they add the dynamic that if pushed offside, price can squeeze in the opposite direction.

example - new shorts pushing price ↓Image
early positions:

positions opening too early, can be a good reason for trend continuation, hence I will not fade a move prematurely if oi rises too quickly.

when new positions open too eagerly it creates new stops either above or below the continuation pivot.

example ↓ Image
Read 7 tweets

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