Luckshury Profile picture
Sep 4, 2023 • 11 tweets • 4 min read • Read on X
Liquidations (REKT)

a thread 🧵 Image
in this thread, I will cover the following:

- liquidation settings
- filtering larger liquidations
- where I look for liquidations
- exo specific rekt settings
settings within @ExochartsC

using rekt within the FPBS is how I found it to be most beneficial, using rekt all however, if you have enough screen space I would recommend having 2 separate rows for rekt, one for rekt long and the other for rekt short. Image
filtering out liquidations

rekt info you will be seeing within Exos fpbs, is going to be all rekt positions on the side in which you have set it to, this is not filtering out any data.

rekt bubbles - ensure hide orders less than (whatever size checked) I use 145k (BTC/USDT) Image
why do I need both

questions I will ask myself upon any poi gets hit:

1 - is there a spike in liquidations

2 - if there is a spike, does that contain any specific larger players being liquidated

rekt within the fpbs answers the 1st question

rekt bubbles answers the 2nd
spike in liquidations

a spike - is simply generally something I look at relatively.

however as there is not liquidations every single candle, it is not as beneficial to look at this data and treat it strictly relative.

for me (using BTC/USDT) a candle with > 150k is a spike Image
larger players being liquidated

why is this beneficial?

- from my own stats and testing on my own trades, if a trade has a tag that a "larger liquidation has occurred" ie - a bubble (which auto represents trades values which are more than 145k) have a positive ev on their own. Image
grading

spike in liquidations + larger playing being liquidated within = A*
spike in liquidations on it's own = B+

this is just from my own testing, and is off the basis I'm taking out all other confluences of the trade I am taking.
where I look for liquidations

- major swing points

- runs of multiple swing highs/lows

most incompetent people will be allowing themselves to get liquidated specifically upon a run of either one of the two above. Image
advanced

liquidations occur a lot within inefficiencies, as there is a large gap for price to run through with little to no s/r, allowing for large liquidation cascades.

looking for an inefficiency to be filled followed by a run of liquidity is a favourite of mine to trade. Image
PS. If you found value would appreciate a like on the 1st post of this thread

Let me know below what you thought and some content you would like to see next

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More from @Luckshuryy

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
Feb 28
Auction Market Theory (simplified)

a thread 🧵 Image
what is auction market theory:

a concept (not a strategy) which discusses how buyers and sellers interact within the market.

using a combination of:

- price
- volume
- time

we can determine which state of auction the market is in, either balance or imbalance. Image
balance:

where price has found acceptance, and where buyers and sellers are willing to trade within a fair value range.

fair value can be identified as the value area, where the majority of transactions have been occurring (68%).

deviations outside of the VA can be viewed as a premium/discounts to the current fair value price.

in a balanced (efficient market) you will tend to see:

- slower price action
- thicker booksImage
Read 7 tweets

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