Bootcamp Lesson 4 Paperclip 1mt,5mt,Ht Flashcards
What are the two indicators mentioned in the notes that determine the healthiness of price?
The two indicators mentioned in the notes that determine the healthiness of price are velocity and fabulosity.
When does the price go back to the five minute trigger? If the 1minute is above the 5 minute?
The price goes back to the five on the trigger if there are one, two, or three bearish divergences.
What are the percentage odds of price going back to the five on the trigger if there is one bearish divergence?
The percentage odds of price going back to the five on the trigger if there is one bearish divergence is 33%.
When is there a 66% chance of price going back to the five minute the trigger?
There is a 66% chance of price going back to the five on the trigger if there are two bearish divergences.
When is there an almost automatic 99% chance of price tapping the five on the trigger?
There is an almost automatic 99% chance of price tapping the five on the trigger if there are three bearish divergences.
In the specific example mentioned in the notes, are there any bearish divergences?
No, in the specific example mentioned in the notes, there are no bearish divergences.
Why is the price not expected to go back down to the five on the trigger in the specific example?
The price is not expected to go back down to the five on the trigger in the specific example because there are no divergences.
Will the price usually go down to the five and the trigger if it gets below the one-minute trigger? If so why or why not?
No, according to the notes, the price will usually not go down to the five and the one minute trigger once it’s below the one-minute trigger unless there are divergences.
What are the conditions for expecting an upside move using the triggers?
Expect upside to ensue if the one minite is on top of the five-minute trigger, which is on top of the hourly trigger.
In what scenario would you expect a downside move?
Expect downside if the one minute trigger is below the five-minute trigger, which is below the hourly trigger.
When would you consider playing the market short?
If the trigger is below the five-minute trigger and above the hourly trigger.
Under what conditions would you avoid taking trades to the short side?
Even if price breaks below the hourly trigger, if the hourly trigger is above the daily, weekly, and monthly triggers.
What are some factors that might indicate a long trade setup?
Factors such as bullish data, Botox moving into the inhibition zone, box moving out of the propagation zone into the stability zone, a large amount of sold puts, or a stable and conducive hedging heatmap.
What is the first way to play hourly trigger setups?
Buying when price moves above the hourly trigger.
Does price moving above the hourly trigger always mean that bulls have taken control?
No, price moving above the hourly trigger does not mean that bulls have taken control of the hourly trigger.
How do we know when bulls have taken control of the hourly trigger?
Bulls have taken control if price remains above the hourly trigger long enough for the one-minute trigger and/or the five-minute trigger to cross above it.
What are the key elements of the airplane setup?
The key elements of the airplane setup are velocity, price movement, and the absence of divergences.
What does it mean when the look back is positive?
When the look back is positive, it indicates that the hourly print is still well above the look back of 3 hours.
What do you expect when the price resolves to the upside?
When the price resolves to the upside, it means that the price is expected to move higher.
Why is velocity important in the airplane setup?
Velocity is important in the airplane setup because it indicates the health of the price movement and the likelihood of further upside.
What should you be cautious of in the airplane setup?
In the airplane setup, you should be cautious of divergences, especially when there is a divergence between price and velocity at the start of the move.
What does it mean when price and velocity both make new highs?
When price and velocity both make new highs, it suggests that the move is just starting and there is potential for further upside.
When is a dip considered an opportunity in the airplane setup?
A dip is considered an opportunity in the airplane setup when there are no divergences and price and velocity both make new highs, indicating a strong upward momentum.
What does a divergence between price and velocity indicate?
A divergence between price and velocity indicates a potential weakness in the move and suggests that the price may not sustain its upward momentum.
What is the main mistake that people tend to make often?
The main mistake people tend to make often is thinking that the entry is off the back once the five minute trigger crosses.
What is the stop loss for a trade taken based on the five minute trigger crossing above the hourly trigger?
The stop loss is when the five minute trigger crosses back below the hourly trigger.
What is the stop loss for a trade taken based on the one minute trigger crossing above the hourly trigger?
The stop loss is when the one minute trigger crosses back below the hourly trigger.
What is the cue for a counter trend move to happen after a trigger cross?
The cue for a counter trend move is either a process down to the hour of the trigger or down to the five minute trigger.
What should be expected when the five minute trigger crosses above the hourly trigger?
A counter trend move should be expected to happen either to the five minute trigger or to the hourly trigger.
If price breaks below the hourly trigger, do you have to stop out of the trade?
No, you do not have to stop out of the trade if price breaks below the hourly trigger. The only stop loss is when the five minute trigger crosses back below the hourly trigger.
If price moves back below the really trigger, is it an invalidation to the long side of the trade?
No, it is not an invalidation to the long side of the trade if price moves back below the hourly trigger. The only invalidation is when the five minute trigger then crosses back below the hourly trigger.
When do we go flat if the price comes slightly below?
We wouldn’t go flat until and unless the woman to trigger fully crosses below the five minute trigger and starts to push to the downside.
What is the condition for our look back to be positive even if the price moves below the five minute trigger?
The hourly velocity should be less than it was 2 hours ago.
What stance are we in when the three-hour look back is positive?
We are in a bullish stance.
What is the expectation when the three-hour look back is positive?
We expect price to keep getting picked up at the one minute trigger and the five minute trigger.
What do we do if the counter trend move back up to the one or the five minute trigger fails?
If the counter trend move fails, then we say that maybe the three-hour look back failed and the price is going to head back down to that rate trigger.
What does it mean when the one-minute trigger crosses slightly below?
It means that there’s going to be a retest usually, and as long as the retest can get right back to the trigger, it is still a valid airplane and setup.
What happens if there is a strong rejection and the price comes back down after the counter trend move?
If there was a strong rejection and price came back down, it looks like the two-hour look back failed and the trigger has crossed down.
What is an airplane setup?
An airplane setup is when a trigger comes down to the trigger one timeframe above it.
How can a bullish move be expected in an airplane setup?
A bullish move can be expected in an airplane setup when the trigger comes down to the five minute trigger and then price moves back up through the one minute trigger.
What do we look at to determine if the five minute trigger will provide support or if price will collapse through it?
We look at the three hour look back to determine if the five minute trigger will provide support or if price will collapse through it.
What does a positive three hour look back indicate?
A positive three hour look back indicates that the velocity currently is better than 1 to 3 hours ago.
When can a buy be considered a good buy in an airplane setup?
A buy can be considered a good buy in an airplane setup when the price is coming down to the five minute trigger and the hourly velocity is on its way up.
What does it mean when the three hour look back is positive?
When the three hour look back is positive, it means that the velocity currently is better than 1 to 3 hours ago.
What does it indicate when the woman trigger crosses below the five minute trigger?
When the woman trigger crosses below the five minute trigger, it indicates a reversal in the expected price movement.
What is the purpose of the five minute trigger in the airplane setup?
The purpose of the five minute trigger in the airplane setup is to provide support and allow price to break back to the woman trigger.
In this scenario where price broke above the trigger, how many bearish divergences were there?
There were two bearish divergences.
Would you sell the top when there are only two bearish divergences?
No, I would almost never sell the second bearish divergence.
How many bearish divergences would you want to see before selling?
I would want to see three bearish divergences before selling.
When do you know that the price is headed back to the five minute trigger?
When the one minute candle closes below the one minute trigger.
What are the two main topics covered in the first part of the lesson?
The two main topics are how to take a position based on price breaking above the trigger, and how to know when to exit the position.
What is the exit condition for the position?
If there are two bearish, five minute divergences and the price closes a candle below the one minute trigger.
What is the probability of price moving back to the five minute trigger?
The probability is 66%.
What is the safer entry point for the position?
The safer entry point is when the price breaks above the woman and trigger.
When does price steps down below the one-minute trigger?
Price steps down below the one-minute trigger when there are no five-minute divergences.
What does the speaker say about one minute velocity when scalping?
The speaker mentions that they don’t pay too much attention to one minute velocity when scalping, but it’s worth paying attention to.
What are the two price highs where bearish divergences are clearly seen?
The two price highs where bearish divergences are clearly seen are the ones where woman velocity peaked.
What is the significance of five-minute velocity peaks on a price high?
After three bearish divergences, price almost automatically goes back to the trigger when five-minute velocity peaks on a price high.
What is the general observation made after watching the market for three years?
Over three years of observation, it is noted that every time there are three five-minute divergences, price will never make a new high until the divergences are resolved.
Under what condition may price not head back to the five-minute trigger despite bearish divergences?
In extremely rare cases where hourly velocity is incredibly strong, price may not head back to the five-minute trigger despite bearish divergences.
When does the speaker recommend taking away woman velocity?
The speaker recommends taking away woman velocity when the entire push higher is accompanied by rising five-minute velocity.
What is the likelihood of price heading back down when price breaks below the woman adjustable trigger?
When price breaks below the woman adjustable trigger, there is a 66% chance that price will head back down.
What effect did the price moving from 411 to 466 have on the setup?
It brought up the velocity of different time frames.
How did the one-minute velocity impact the five-minute velocity?
The one-minute velocity brought up the five-minute velocity without any bearish divergences.
Which velocity time frame was able to move up after the five-minute velocity?
The hourly velocity was able to move up.
What happened to the daily velocity after the hourly velocity climbed?
The daily velocity was able to climb as well.
After the weekly velocity climbed, what velocity time frame followed?
The monthly velocity was then able to climb higher.
How did SPI’s price change from 411 to its current value?
SPI’s price moved from 411 to its current value of around 450.
What does the note state about all velocities working together?
They work in tandem and contribute to the overall system.
What can change the five-minute velocity?
The one-minute velocity can impact and change the five-minute velocity.
According to the course notes, what is the purpose of triggers in trading?
Triggers in trading are used to define acceleration levels and can indicate whether the price will move up or down.
How are triggers defined in the course notes?
In the course notes, triggers are defined as acceleration levels.
What is the expected outcome if a trigger breaks the acceleration level to the upside?
If a trigger breaks the acceleration level to the upside, the expectation is for the price to move up.
According to the course notes, do larger timeframe triggers impact trading decisions?
Yes, larger timeframe triggers impact trading decisions for various funds, including hedge funds, high frequency trading firms, and investment banks.
How are triggers linked to price movements, as explained in the course notes?
Triggers breaking above or below acceleration levels can lead to price acceleration in the corresponding direction.
What does the instructor say about understanding the tinfoil things related to triggers?
The instructor mentions that understanding the tinfoil things about triggers may require using them for some time.
In the course notes, what type of trading is mentioned in relation to larger timeframe triggers?
Hedge funds, high-frequency trading firms, and investment banks base some of their trading on the larger timeframe triggers.
What is described as the purpose of acceleration levels in trigger trading?
Acceleration levels serve as triggers and indicate price acceleration in the corresponding direction.
What is a bearish five minute divergence?
A bearish five minute divergence occurs when the price makes a new high, followed by another new high.
When do you sell in relation to a candle close?
You sell once there is a candle close below the one minute trigger.
Which philosophy is most important in trading?
The importance of a specific philosophy depends on the time frame you’re trading, such as swing trading, day trading, or macro trading.
What does it mean when the monthly is long?
When the monthly is long, it means that the two triggers below it, the weekly and the daily triggers, are above it.
When do we try to long based on the monthly and weekly triggers?
We only try to long when the monthly, weekly, and daily triggers are long.
What happens when the one minute trigger is below the five minute trigger?
When the one minute trigger is below the five minute trigger, the hourly trigger will indicate ‘long flat’.
What is the most optimal bullish setup for going long?
The most optimal bullish setup for going long is when the one minute trigger is above the five minute trigger and the hourly trigger.
What is the most optimal situation for trading the short side?
The most optimal situation for trading the short side is when the one minute trigger is on the bottom, the five minute trigger is on top of that, and the hourly trigger is on top of that.
What is the first way to play hourly trigger setups?
The first way to play hourly trigger setups is buying when price moves above the hourly trigger.
What does it mean when price moves above the hourly trigger and closes a one minute candle above the hourly trigger?
When price moves above the hourly trigger and closes a one minute candle above it, it does not necessarily mean that bulls have taken control of the hourly trigger.
What is the difference between price moving above the hourly trigger and bulls taking control over the hourly trigger?
The difference is that price moving above the hourly trigger does not guarantee that bulls have taken control. Bulls need to keep the price above the hourly trigger for long enough and have the one minute and five minute triggers cross above the hourly trigger.
How do we know when bulls have taken control of the hourly trigger?
We know when bulls have taken control of the hourly trigger if they can keep the price above the hourly trigger for long enough and have the one minute and five minute triggers cross above the hourly trigger.
What is one of the problems with trading by just price breaking above the hourly trigger?
One of the problems is consistently getting stopped out and taking losses.
What is the alternative to trading by just price breaking above the hourly trigger?
The alternative is trading with confirmation before entering, which makes trading a little more difficult.
Why did the user find trading by just price breaking above the hourly trigger frustrating?
The user found it frustrating because they were consistently getting stopped out and taking losses.
What is the concern when entering a trade above the hourly trigger without confirmation?
The concern is not knowing if the five minute trigger will confirm the position.
According to the text, what kind of move usually happens after a trigger cross?
After a trigger cross, there is usually a counter chain move to either the trigger that crossed or the trigger that got crossed.
What does the author suggest to reduce the chances of making mistakes in trades?
The author suggests treating trading like a system, where if X happens, they do Y, to reduce the chances of making mistakes.
What is the mistake that people tend to make after the five minute trigger crosses?
The mistake that people tend to make after the five minute trigger crosses is assuming that the entry is off the bat just because the trigger crossed.
What does the author wait for before confirming that bulls have taken control?
The author waits for the one time frame trigger below (the five and the trigger) to cross above in order to confirm that bulls have taken control.
What should you expect to happen after every trigger cross?
After every trigger cross, you should expect a counter trend move to happen either to the trigger that crossed or to the trigger that got crossed.
What happens when the five-minute trigger crosses above the hourly trigger?
When the five-minute trigger crosses above the hourly trigger, you should expect a counter trend move to happen either to the five-minute trigger or to the hourly trigger.
What is the stop loss for an entry based on the five minute trigger crossing above the hourly trigger?
The stop loss is the five minute trigger crossing back below the hourly trigger
What is the condition for taking a trade with the one minute trigger crossing above the hourly trigger?
The condition for taking a trade with the one minute trigger crossing above the hourly trigger is if the one minute trigger then crosses back below the hourly trigger, it would be considered a stop loss.
What is the only invalidation for the trade?
The only invalidation for the trade is if either the one minute trigger crosses back below the hourly trigger or the five minute trigger crosses back without that trigger.
What would invalidate a long side trade based on the five minute trigger crossing above the hourly trigger?
The long side trade would be invalidated if and only if the five minute trigger then crosses back below the hourly trigger.
What trigger is used to determine the entry for a trade?
The entry for a trade is determined based on the five minute trigger crossing above the hourly trigger.
What does it mean if price moves back below the hourly trigger?
If price moves back below the hourly trigger, it does not necessarily mean that it’s a stop loss. It’s only considered a stop loss if the one minute trigger then crosses back below the hourly trigger.
What is the only stop loss for the trade?
The only stop loss for the trade is if the one minute trigger then crosses back below the hourly trigger.
Does price moving back below the hourly trigger always mean a stop loss?
No, price moving back below the hourly trigger does not always mean a stop loss. It depends on the entry condition and trigger crossings.
What are the two trigger crossings that can lead to an invalidation of the trade?
The two trigger crossings that can lead to an invalidation of the trade are either the one minute trigger crossing back below the hourly trigger or the five minute trigger crossing back without that trigger.
What are the possible entry conditions for taking a trade based on trigger crossings?
The possible entry conditions for taking a trade based on trigger crossings are either the one minute trigger crossing above the hourly trigger or the five minute trigger crossing above the hourly trigger.
When does the James prefer to take trades?
The user prefers to take trades only when there are other factors indicating a possible long position, and after the five minute trigger closes above hourly trigger`
What confirmation does the James look for before taking the hourly trigger trade?
The user looks for the confirmation of the five minute trigger crossing above the hourly trigger to indicate that bulls have taken control of the trigger.
What triggers does the James refer to when considering trades?
The user refers to the five minute trigger and the hourly trigger when considering trades.
According to the content, what does the speaker mention about getting a counter trend move?
At the end of the day, more often than not, you’re going to get that counter trend move
What is the confirmation signal mentioned in the passage?
The confirmation signal is when the price breaks above the hourly trigger, the five minute trigger crosses above the hourly trigger, and there is a retest of the five minute trigger.
What are the two options for going long according to the passage?
The two options for going long are either on the retest of the five minute trigger or once price breaks back above the one minute trigger.
What is the advantage of going long on the retest of the five minute trigger?
The advantage of going long on the retest of the five minute trigger is that it offers more reward but also more risk.
What is the alternative option for going long with less risk according to the passage?
The alternative option for going long with less risk is waiting for the price to break back above the one minute trigger.
What kind of bars represent the hourly velocity in the given content?
The green bars represent the hourly velocity.
According to the content, what is the significance of monitoring velocity in the beginning of a price move?
The significance of monitoring velocity in the beginning of a price move is to ensure there are no divergences and that the move looks healthy.
What is emphasized as important for determining the exit of the trade in the given content?
Velocity is emphasized as important for determining the exit of the trade.
What does it mean when the one minute velocity makes a new high after price makes a new high?
When the one minute velocity makes a new high after price makes a new high, it is a sign that the move is not over and is just getting started.
What is the importance of checking for divergences in the beginning of a price move?
Checking for divergences in the beginning of a price move is important to ensure the velocity looks healthy and signals that the move is just starting.
When should you take a trade based on the five minute and hourly triggers?
You should take a trade right when the five minute trigger crosses the hourly trigger.
Why is it beneficial if there are divergences later when taking a trade at the five minute and hourly trigger cross?
Divergences later can actually help us exit our position when taking a trade at the five minute and hourly trigger cross.
What does it indicate when the one minute velocity makes multiple new highs along with the price?
When the one minute velocity makes multiple new highs along with the price, it indicates that the move is not over and has actually just started.
What does the three hour look back refer to in the context of velocity?
The three hour look back refers to taking the velocity on the current hour and going back 1 to 3 hours.
When is the three hour look back considered positive?
The three hour look back is considered positive when the velocity currently is better than 1 to 3 hours ago.
What is the expected outcome when the three hour look back is positive?
When the three hour look back is positive, we expect the five minute trigger to provide support and price to end up breaking back to the one minute trigger.
What does the five minute trigger provide when the three hour look back is positive?
When the three hour look back is positive, the five minute trigger provides support and helps the price to break back to the woman a trigger
In this scenario, what should concern us if the hourly velocity is less than it was 2 hours ago?
If the hourly velocity is less than it was 2 hours ago, we should be worried that price will break below the five-minute trigger and head back to the early trigger.
whenever an airplane setups happens, we want to make sure that velocity is ________.
healthy
for an airplane set up which velocities are important and need to be healthy?
1mt and 5 mt velocity
What does it mean when price and velocity make a new high without any divergences and the 1 minute trigger is under the five minute trigger?
this is an airplane set up
is there a need to worry if price breaks down into the 5 minute trigger with healthy hourly velocity?
So even though price broke back down to the five minute trigger, there’s a 0% chance that price
will head back down to the hourly trigger because there is no bearish divergences. Again, price
makes a new high hourly velocity. It makes a new high, even though price pulls back down to the
five and the trigger, there’s no worry the price will move back down to the hourly trigger.
What happens when the hourly velocity fully drops off the map?
There is nothing supporting the hourly trigger anymore, and that’s when the break occurs.
What does the content suggest about the price movement when the hourly velocity keeps stair stepping down lower and lower?
The price can proceed to move flat for quite a while while velocity keeps on stair stepping down lower and lower.
