Post

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

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

https://twitter.com/1468002736260235267/status/1794307075960369272

https://twitter.com/1468002736260235267/status/1775801281342214488

More from @Luckshuryy

Luckshury

@Luckshuryy

Aug 21

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 ↓

Read 6 tweets

Luckshury

@Luckshuryy

Aug 18

I've studied and researched reversals a lot, finding they often stem from peak local aggression.

[indicators & settings included]

Market Aggression [reversals] - a thread 🧵

Relative Volume

tracked using relative volume candles, I look for clear spikes in local volume to determine peak aggression.

important to note that this is most useful for me when monitoring specific POIs only, not just buying/selling off random prints.

Relative volume info:

> 1.8
> 2
> 3.5

threshold calculation type - relative
relative length - 25

indicator - volume suite by Leviathan

High volume + small price change

if coinciding with the correct delta, it is a clear sign of absorption.

if price sees little movement with excessive volume, it indicates opposing buyers/sellers are getting orders filled, due to significant volume not being able to push price much further.

settings/info:

V > 2.4
P < 1

indicator - volume suite by Leviathan

Read 8 tweets

Luckshury

@Luckshuryy

Jul 21

How I create intra-day bias

a thread 🧵

One-time framing

Is the daily time frame aggressively trending?

To do this, I check the daily time frame to see whether it is one-time framing in either direction.

Three or more consecutive days = aggressively trending.

If yes, i only take trades in that direction.

High probability pivots

Certain hours/session periods have lower or higher probabilities of setting the day's high or low.

For example, between 6am and 11am, there is a much lower probability of a pivot.

Thus, I can trade towards those specific highs/lows and use them as bias.

Read 9 tweets

Luckshury

@Luckshuryy

Jun 3

TPO [market profile] - a complete guide

...basics to advanced

a thread 🧵

1) How market profiles are formed:

Market profiles are formed based on how much time has been spent at individual price levels.

It will print letters in alphabetical order starting with A, and going on from there based upon your selected timeframe.

2) Timeframes

Mostly TPO profiles are used on the daily timeframe built using 30m candles.

If you do use a weekly TPO I recommend building them with 4H candles and for monthly I be using 1d candles.

Most concepts you see online will be built with 30m profiles.

Read 15 tweets

Luckshury

@Luckshuryy

May 13

Volume Profile [updated] - a clear guide

a thread 🧵

1. Volume Profile Explained

Most volume tools will identify WHEN volume is coming in, whereas a profile will show at which price level volume has been transacted.

This is key as you can use that volume to determine where potential positions will defend/protect a level.

2. Positioning

Volume profiles will show volume transacted and NOT whether that volume is assigned to newly opened or closed positions.

Regardless, regions of high volume would have had previous interest, thus there is likely to be both new positions & closed positions.

Read 14 tweets

Luckshury

@Luckshuryy

May 6

Delta - A Complete Guide

This will be my complete guide to understanding delta, whilst also covering its use cases for myself in my day to day trading.

a detailed thread 🧵

1. Overview of delta

"delta" is the value of difference between 2 things.

In the case of trading and particular footprint charts, delta is the difference between market buys and sells.

If there was $10m market buys vs $3m market sells, that would equal a delta value of +$7m.

2. Delta in the Footprint

Is used to decipher aggressiveness on one side of the market vs the other.

Not only through delta values, but also through cluster shadings as it is easier to spot aggressiveness through various visual clusters that are shaded than the text values.

Read 12 tweets

Share this page!

Enter URL or ID to Unroll

Luckshury

Try unrolling a thread yourself!

More from @Luckshuryy

Luckshury

Luckshury

Luckshury

Luckshury

Luckshury

Luckshury

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!