Emperor👑 Profile picture
Jul 27, 2023 7 tweets 3 min read Read on X
Bitcoin Trading Strategy🔥

DAILY VALUE AREA ROTATION.

Learn to Scalp in Ranging Markets.
A Thread.

(Resource shared in Tweet Number 5) Image
Markets spends 90% time ranging, 10% time trending.

Markets move in impulses, then range before the next impulse.

Step 1. Identify ranging environment.

Look for price to start ranging, define range low and high. Wait till range extremes are clearly observed after an impulse. Image
Step 2. Wait for Daily Open outside Value Area.

In ranging market, look for a daily open that is outside the Value Area of the previous trading day.

Market is trying to find the right value for price and is confused. Current price is off-value from previous day. Image
Step 3. Look for acceptance back into Previous Day Value Area. This is your entry.

There are many ways to look for acceptance but the two simplest methods are:

1) High volume signature when breaking back into range.

2) Retest of range low/daily open. Image
Step 4. Stop loss and target placement.

Stop loss can be two things: a close below daily open or a recent LTF swing low.

Target: Value Area High of the previous day.

If you don't understand Volume Profile, Read Lesson 16 to 18 Here

Link- https://t.co/F1Zbz3EDVQt.me/EmperorbtcTA/8…
Image
Modify Strategy as per your trading style.

Notes:
Do not be shaken out of your positions by 1 minute candle moves.
Close trade if there is a strong rejection from range POC.
Move stop to entry if we reject from some other High Volume Node other than POC.
Use this Strategy to Scalp. You will add your own confluence after 1000 Trades.

P. S. I have Started a Trading Team on WSOT.

Please Join. Scalp. And Win with the Team.

I will wait.

Link- https://t.co/2rgic2yUcyshorturl.at/nxN19

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