Bootcamp Lesson 9 - Scalp Trades with LDPM Flashcards
scalping happens on which timeframe?
1mt for accurate closing, 5mt for overall view
there needs to be a set mind set of what before scalping?
bullish or bearish
Would you continue going long on a scalp trade after an ldpm reversion into a short indication or would you cut the trade?
cut the trade
If long, and we’re looking to jump into a trade when don’t we take a trade until? In regards to a 5mt candle and ldpm
we don’t take a trade until the 5mt candle closes and ldpm is below price
when do you only close a trade?
after the candle closes.
note a wick does not count if touching ldpm
once a trade has been entered in scalp ldpm trading, you use what other tool?
ldpm granular
for more accuracy ldpm, do what?
add in a 1mt ldpm for scalp trades
james goes long here, why?
lpdm closed under candle
What a big advantage difference between 1mt LDPM and 5mt LDPM?
stopping out earlier than the 5mt lpdm
look out bigger trend for what?
to see if there needs to be trading done, bearish trend could be a no go
How are LDPMs stacked, triggers, VoEx etc?
0dte contracts are what
contracts that expire within a few hours
when trading 0dte contracts is not recommended that you’re
holding on through retracements
why no retracement holding?
the reason is because contract value through theta gets lost, so gotta go in and out.
lpdm scalp is a good skill to have why
maybe there isn’t a good macro trades
in general, james takes a how many 0dte a day?
a couple
master the 0dte how?
mastering one directional move of the 0dte
when would have been long the start of that ldpm scalp trade?
when ldpm was under the 1mt candle around 13:45
if i started the scalp trade around 13:45, when would I have closed and why?
around 2:15, the candle closed below ldpm
immediately when going in the green, what should you and at what %?
close out 30%-40%
in a range median of .30% when price range is not moving high or low what does that mean?
you’re not really gonna get good scalp trades from it.
by looking at hourly velocity you can see what
how ragged the velocity is, and how velocity is neither going up or down.
There’s barely any hour velocity in this example.
if hourly velocity is positive, what kind of trades should we be making?
long trades
weaker velocity =
less opportunities for scalping
whenever there’s a gap up what do we do?
we wait retracement, and wait till price gets to the 5mt trigger to over lpdm before we take a trade
otherwise, we leave it alone
What will you find on the 15 mt timeframe?
a lot of less false signals
What kind of trades will happen on the 15mt tldpm time frame?
you can go long further, trades will be longer, but trades won’t be as clean.
If the 15mt closing is difficult to time what can you use to make it easier?
use velocity and triggers, and levels
in terms of swing trades you use which ldpm
hourly
in terms of swing trades you can use which ldpms and why
15mt and hour, hour to find entry and 15 mt to find the exit.
Always use lower timeframe to find a better exit.
it’s not about ___________ every single win
maximizing
you should also check all the ldpms to expect
dips to get bought, or highs to get sold and as long as the ldpms are stacked, bullish or bearish
stacked ldpms bullish means
you can stay in the trade longer
what can you do instead of watching price happen all the time
set up alerts for 5mt or 15mt ldpm video (37 minutes in)
for weeklies and monthly contracts you should use which ldpm
15mt + then hour for trading these contracts.
