Luckshury Profile picture
Aug 4, 2023 • 9 tweets • 3 min read • Read on X
Liquidity Levels

a thread 🧵 Image
this thread will cover the following:

- how I find my favorite liquidity levels
- indicators I use to aid in finding them
- session candles
- daily high/lows
- pivot rays
- preferred timeframes
pivot line indicator

a simple indicator I had made to suit my needs in marking out pivot/fractal highs and lows by extending the rays out. Image
pivot line indicator (2)

the concept -

look for a series of either higher lows or lower highs on this indicator which do the following:

- remain untapped

- are close together

- have a decent gap after them before the next swing pivot. Image
preferred time frames -

- 5m (scalpers)
- 15m (most used)
- 1h
- 4h
- daily (great M-HTF trades)
daily highs/lows

note - this does not show swing highs/lows

it shows each individual days daily high & low

I use these in a similar matter to the pivot lines

series of consecutive HLs or LHs followed by a gap

the last one of those consecutive h/ls offers a trade opportunity Image
session candles

untested highs/lows from session candles are also really good resting liquidity points.

there is no ray possible for this currently

its the same concept just without visual rays Image
tpo poor highs/lows

2 blocks or more highs/lows on TPO profiles

- 50 tick on the inverse (BTC/USD) pair

when leaving poor highs/lows behind expect continuation/revisits of those levels Image
BONUS

to RECEIVE everything

- TPO Chart
- Session candles
- liquidity indicator

option 1 - go through everything I've posted manually and try and find it somehow (you are welcome to do)

option 2 to RECEIVE - Follow, Like and reply to the original tweet of this thread

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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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