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More from @Luckshuryy

Luckshury

@Luckshuryy

Oct 8, 2024

Price Action

- Market Structure
- Executing Structure change
- Bullish/Bearish Candles
- Entry confirmations

a thread 🧵

1. Market Structure

There is no definitive way to look at structure, it is something that is really dependent upon individual strategy/system.

I don't take so-called "HTF" trades. I approach the market daily, finding it most useful to track market structure by anchoring it to each individual day.

Doing this removes a lot of higher time frame noise, since i am 98% of the time in and out of a trade within the same day, I want to solely focus on that trend.

note - using range chart or non time-based charts can allow for a much cleaner view of that structure.

example ↓

2. Structure change

executing through structure change requires 3 things:

- clean pivot for price to move and revert from
- acceptance - either below a HL or above a LH
- internal level to execute the reversal from

in reference to "a clean pivot", this means the pivot should not be a poor high/low, if it is, then that just increases the likelihood that the pivot can be revisited. I would also prefer to see spikes in volume & liquidations that these pivots.

acceptance - has price seen multiple closes above/below either the HL or LH, as mentioned previously, you can use time-based candles for this but I find it cleaner through range charts, none the less you want to see acceptance to be able to warrant looking for that structure shift trade.

internal level - after confirming a structural shift, the entry can be based on: internal fibs, a volume profile pull, or an anchored vwap from the new pivot. find an entry point at an internal level with your invalidation firmly above the new pivot that price is shifting away from.

example ↓

Read 6 tweets

Luckshury

@Luckshuryy

Oct 1, 2024

Using Previous Day Values for Bias:

a thread 🧵

Previous day sweeps:

monitor above & below previous day for excess in:

- volume
- liquidations
- trapped traders in general

recognising a sweep above/below the previous day can help you get on the right side of a newly forming engulfing candle.

Price vs. previous day:

where is current price in relation to previous day, is it above or below previous days highs/lows.

If it is above previous day for example, then monitor the strength of that trend above previous day's high.

When monitoring the trend check for:

- strength in relative volume (for continuation)

- aggressive OI increase, as if price reverses away from these positions could fuel for a large reversal back into pd values.

Read 7 tweets

Luckshury

@Luckshuryy

Sep 19, 2024

Candlestick Reversals

[patterns & confirmations]

a thread 🧵

Swing failures:

simple premise:
wick above or below a level with a close back in the opposing direction.

one of the more simple patterns although extremely effective if you know where to look for it.

It's extremely important not to trade these randomly but only at proven selective levels, especially at pivots/levels where others may stop out or pile in for a breakout trade.

some things I look for:

- internal liquidity [internal from major pivots - least expecting stops hit]
- distance between pivots - time to build up positions before stopping out
- sfp of specific sessions [of London high/low]

nonetheless, an sfp traps excess before allowing it to fuel a reversal.

note - invalidations for a swing failure pattern trade are commonly strictly above/below the sfp candle.

example ↓

Engulfed candles:

I most commonly use this for trading against trapped traders.

The engulfed candle likely includes traders opening new positions in that direction, instantly placing them in an offside position.

For further confirmation I check the OI + delta to dial in further whether there is offside traders within the engulfed candle.

Same as any other execution method is to look for this solely at pre planned locations:

- naked pocs
- s/r levels
- intra session pocs

Do not just blindly trade this reversal, there has to be some pre planned substance behind the level.

example ↓

Read 6 tweets

Luckshury

@Luckshuryy

Sep 3, 2024

In my daily routine checklist, the top priority is volume-based levels, one of them being high-volume nodes...

High Volume Nodes [HVN's]

a complete thread 🧵

1. what are high volume nodes

HVN's within a profile are not the highest points of volume [poc] but other points of high volume that still provide as useful s/r levels.

They are constructed through consolidation in which buyers and sellers reach a temporary equilibrium.

There is no set volume value required to determine a HVN; it is a subjective decision based on the volume profile, making HVNs relative to it.

This also shows how important it is to have correct volume profile pulls.

2. where to look for them - trending moves

An ongoing trending volume profile can provide key high volume nodes, which serve as good s/r in determining trend continuation or the end of a trend.

If price is in an ongoing trend, I will always take a pull from the beginning of that trend to where price currently is now.

This pull offers great HVNs that provide insights into the strength of the trend.

example ↓

Read 8 tweets

Luckshury

@Luckshuryy

Aug 27, 2024

Footprint & TPO / Market profile

[videos with timestamps]

Essentials & strategies...

a thread 🧵

https://twitter.com/1468002736260235267/status/1770940317623075237

Orderflow & Footprint essentials

https://twitter.com/1468002736260235267/status/1770940317623075237

https://twitter.com/1468002736260235267/status/1779036177690927434

Entry triggers using Footprint charts

https://twitter.com/1468002736260235267/status/1779036177690927434

Read 6 tweets

Luckshury

@Luckshuryy

Aug 21, 2024

I spent years struggling to execute properly.

Here are my favoured entry patterns for intra-day trades.

Entry patterns - a complete thread 🧵

Structure Change

I use range charts in my trading career to reduce the noise found in time-based charts when tracking structure.

The range chart you choose depends on your asset. For BTC/USDT, I use the following:

- 500
- 750
- 1000
- 1500
- 2000
- 2500

The specific range depends on current volatility, aiming to see a new range candle printing every 2-5 minutes.

If you are using a time-based chart, I highly suggest the Williams Fractal Indicator to identify swing highs/lows.

More important is how to execute from a structure change. I only trade a structure change if the new major pivot created from it meets the following criteria:

- No poor high/low (a buying/selling tail)
- A spike in volume
- Preferably not within the London session
- Has seen general market aggression.

here is an example using range chart ↓

Trapped traders

To identify trapped traders, which comes through a combination of both open interest + delta.

Recognising trapped traders inherently comes through new positions opening, thus an increase in open interest.

Using lower time frames such as 5m or 15m, I identify candles in which see new positions opening with coinciding delta. For example:

at lows → positive oi + negative delta = new shorts
at highs → positive oi + positive delta = new longs

Once these candles are identified (at key POIs), I'm then looking for the point/level at which those candles are pushed offside. As once offside, those then-trapped positions would provide fuel for a reversal (closing out their positions).

A candle close or volume acceptance beyond that level is then when I would execute for a reversal trade ↓

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