13. Master Class [7a] - The right time to trade & Scalping the UK/US Flashcards

1
Q

What session should you always check first, at the start of your trading day, and why?

A

Asia, because it is the setup for the day

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2
Q

Vector candles that push price out of the zone mean what in terms of the previous accumulation zone that just got moved away from?

A

A big vector pushing price out of a zone means that zone probably won’t be revisited for a while

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3
Q

What can be said when trading around peak formations?

A

Don’t trade into the peak formation; trade away from peak formations

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4
Q

What is the tricky question we need to ascertain about the UK session behaviour?

A

Are they going to copy Asia or make a run for profit?

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5
Q

Lots of red vector candles in a single session indicate what?

A

That they want the lower prices

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6
Q

If there are many red vectors in a single session, what can you expect before price finally does move lower?

A

A push to the upside in order to trap more traders

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7
Q

The only way price can move lower is what?

A

Is if they trap the liquidity higher so they can make the run down lower and have the liquidity to follow through with it

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8
Q

When checking behaviour you will want a trend line based on what?

A

A key notable price, usually a half or whole number (or possibly volume-related level) and then see what action is happening in relation to this level

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9
Q

When you’re trading the brink, don’t act until what?

A

The final third of the session, after they have indicated their intention

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10
Q

What determines a block?

A

It’s an area that contains price action, moving averages, and some forming vector candles indicating market maker behaviour.
It’s effectively a block of behaviour then [me]

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11
Q

Every block contains a retace - true/false?

A

True

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12
Q

The last third of the UK Brinks gives a good opportinty for what?

A

For a block trade

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13
Q

When vector candles are recovered quickly (in the same block), what just happened?

A

Price got pushed without the longer-term intention to come back any time soon

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14
Q

What is achieved by understanding the Asian session?

A

You understand the behaviour of all subsequent blocks that happen throughout the rest of the day

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15
Q

When price is choppy and your scalping, what should be your trigger for exiting the trade?

A

The cross of the 5 and 13 EMA. If they don’t cross then the trade isn’t broken.

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16
Q

When assessing the position with regards to a large vector candle, specifically if you enter at the end of a vector, what are you looking for?

A

The subsequent candle and whether it recovers more or less than half the vector. If it recovers more then price is reversing (get out) and if not, then price will continue in its current direction (stay in)

17
Q

Why don’t you trade into the peak (or into the formation) ?

A

Because they are moving price out of a zone, always from the peak