Nearly a year ago, I shared Price Action Principles: Trading a Range - a free 7 part course that gives a mild intro into SMC & other concepts.

This thread is about Volume Profile from Module 3 (course is in the last tweet) with:

- VAH & VAL
- POC's
- FRVP Tool

Enjoy! What is Value Area Trading?

We're using @tradingview's tools, so let's use their terminology:

"Volume Profile is an advanced charting study that displays trading activity over a specified time period at specified price levels."

Here's my 100 weeks of backtested $EURUSD price action from June 15 2020 to 09 May 2022, here's what is covered:

- Occurrence of high & low of the week
- % of high and low of the week per day
- % of Mondays high / low being swept on a given day

Took me a while, hope you enjoy The high and low of the week

Here we can determine that the low of the week fell 38/100 times on a Mon, while the high of the week was also most likely to form on this day too with 31/100 occurrences

Note that there's during the week, there's more of a spread compared to $BTC

I made a free Price Action course not long ago - I'll share some detailed threads on portions of the course so you don't have to spend hours watching them when trading #Bitcoin & #Altcoins

We'll jump ahead to Module 4 - Ranges & Targets.

Why? Because I loved sharing this one! What's in a Range?

A range is simply defined by anchoring two points on a chart based on:

A timeframe (daily, weekly, monthly etc)
Market structure
Or a combination of both

The method I use to anchor the range is a Fibonacci Tool, with values set at 1, 0.5, and 0

I've got a surprise for you with another strategy release on @tradingview for #Bitcoin & #Altcoins

bit.ly/Mindjacked_Sca…

- SRSI & Optional EMA's
- Different SRSI conditions for signal
- Session Filter (Set to your waking times)
- 3 Commas Integration
- TP / SL %'s

Read on: SL / TP %

You can set the strategy to the SL & TP levels that you'd like in terms of % (make sure youamend the pos size though to suit your SL %)

The general strategy is based on Stochastic RSI & EMA's, but you can turn off the EMA's as needed, & just run with SRSI.

The Trend Continuation fibs - covered in upcoming Module 3

Of course these are originally based on the ICT fibs, but nuanced per the following for #crypto & #bitcoin

- 0.72 entry point
- A negative 0.12 level
- 0.28 level

Why though? The 0.72 Entry Point:

The reason for this is simple - it's the mid point of the 0.66 and 0.786 levels of the fib, where I've personally found much better entries and setups using this

I backtested 100 weeks of $BTC #bitcoin price action from June 15 2020 to 09 May 2022, was able to determine the below:

- Occurrence of high & low of the week
- % of high and low of the week per day
- % of Mondays high / low being swept on a given day

8 hrs of research for you: The high and low of the week

Here we can determine that the low of the week fell 43/100 times on a Mon, while the high of the week was also most likely to form on this day too with 27/100 occurrences

The rest of the days are generally similar, bar Tuesday lows & weekend highs

Next $BTC stop looks like could reach for the nPOC at $23.7k.

There's also a lot of confluence in this area too.

Let's take a look at:

- Overall Range & FRVP
- 1H FVG
- Fib Confluence
- Possible Quasimodo formation
- Where to from here? Overall Range:

Sees the nPOC as shared above very close to mid range / key resistance levels, it's a key level.

It's also extremely close to the overall FRVP of the leg up to the current range we're playing in

Ok, quick thread about taking profits / TP'ing.

It can fuck you up if you're not careful when trading #Bitcoin or #Altcoins

If you have a regime in place where you're taking profits, do you understand how you can be netting less R and missing opportunities?

Let's take a look: Take a look at these two fib set ups, using the ICT classic fibs that he introduced a lot of us to

Which one would you rather net? The bigger one is 5.68R, the smaller one is 3.2R

You'd go for the larger one right; but what if you TP all the way up?

Been thinking about this for a bit:

If you're trading using someone's method without building the stats for yourself, then you've got a 0% win rate until proven

Don't throw your dough away pissing in the wind.

Take the time & develop the understanding - some background below: It can be boring backtesting.

But that's literally what trading should be; BORING, almost like a habit.

Cue, Craving, Response, Reward

Some LTF observations and ideas on $BTC

1. We see a reaction at the next 15M OB, look for an MSB and get long up to the target

2. We drop down for the 'double bottom' approach at the next 15M OB

3. Demand is overcome by supply and we trade down to the next 1D OB

1/4 On the LTF here, the new VPPV indicator on @tradingview is pretty handy in showing daily, weekly, and monthly specs on volume profile.

The target area shown also has confluence with a series of daily nPOC's that also act as liquidity zones

2/4

Module 1, How To Trade Crypto With a Full Time Job, is now available to help you with #crypto, #bitcoin, & #altcoin trading.

OG:
bit.ly/Module1_TCWFTJ…

Printer Friendly:
bit.ly/Module1_TCWFTJ…

Head to Telegram to grab the spreadsheet:
t.me/Mindset_BTC

Vid drops Wed. Rather than ramming trading concepts down your throat from the get go in this course, I've tried to take a different approach instead

I hope that you can see that I've first tried to start you off on a good footing by understanding your situation

For those of you without a free Tradingview account where you can't use the replay function on the lower timeframes (free version gives you D,W,M only), here's a little hack & step by step guide:

-Open your chart
-Select the rectangle function
-Make it black in colour
-Utilise Select the rectangle function:

Here's a $MATIC trade I took and the breakdown behind it

1. Identifying Points of Interest
2. Setting Alerts
3. Liquidity Purge
4. MSB
5. Imbalance Target
6. Pulling the Trigger
7. Results
8. Conclusion

These take a little while to make, so I hope it helps you! 1. Identifying Points of Interest

I mark up my chart, focusing on orderblocks that have NOT yet been traded through / exhausted

I'm focusing here on 1H and 15M OB's / supply & demand zones

Remember: They're the last orderblocks before an impulse move down that causes imbalance

So many good trades are to be had with this setup when trading, & is the linework version of RaLEE (from the Modules - check pinned tweet)

-Low forms
-Liquidity taken
-Retest
-Range high taken

Example, and bearish versions below Bullish Example

(Albeit that this is an inverted top of BTC recently)

Took a 1R loss today on $LUNA when longing from a refined demand area up to a supply area in between HTF trends

Let's take a look at it

-HTF Setup
-MTF Setup
-LTF Setup
-Conclusion HTF Setup

I was looking for a refined entry based on the overall 4H bullish orderblock as shown where price was trading

The bullish orderblock is the last 'down' candle before an impulsive move up

Where do I target when exiting a trade?

In this visual thread, we'll explore some possible targets for you when trading #bitcoin or #altcoins

We cover:

- Intro
- Market Structure Based (liquidity targets)
- Fair Value Gaps
- Volume Profile Based Targets

Read on! Intro

So how do you trade a #Bitcoin or #altcoin range?

Here's an acronym that I coined to help me assess trades from Module 4:

"RaLEE"

- Range Established
- Liquidity Taken
- Entry Point Defined
- Exit Points Defined

This greatly helped me, so I wanted to share it with you Range Established:

The range is established after a wick move down, up to the first swing high up

For anyone who I'm lucky enough to have in my audience, where English isn't their first language, there's a way to watch the videos with Close Captions that are shared in the language of your choice:

1. On YT, select the CC button as highlighted

👇 2. Then select 'Settings', and then 'Auto Translate'

What's in a range? From Module 4, here's a quick breakdown of:

- What a range is
- How to set up the fib tool
- Determining a range
- Timeframe Based Ranges
- Market Structue Based Ranges
- Combination Ranges

Use this for trading $BTC, $EHT, $LUNA, #altcoins and #crypto What a range is:

Quite short and sweet, a range (in my opinion) can be defined by using two points based overall on Market Structure, but defined in a couple of different ways (read on for these)

These make great trading opportunities

What the hell is an orderblock (OB)?

So many people ask this - here's my interpretation from Module 2 (check my pinned tweet) use this on $BTC, $LUNA, $ETH etc

-What is an OB
-Bullish OB & Example
-Bearish OB & Example
-OB's & Fib Dynamics
-Fib Dynamics, Bull & Bear Example Bullish Orderblock & Example

#Crypto Educational Thread:

From Module 1 - What is Market Structure?

- Swing Highs & Lows
- MSB's
- Example
- Uptrend & Example
- Downtrend & Example
- Bullish Trend Reversal & Example
- Bearish Trend Reversal & Example Swing Highs & Lows