Bootcamp Lesson 9 - Scalp Trades with LDPM

Question 1

scalping happens on which timeframe?

Answer 1

1mt for accurate closing, 5mt for overall view

Question 2

there needs to be a set mind set of what before scalping?

Answer 2

bullish or bearish

Question 3

Would you continue going long on a scalp trade after an ldpm reversion into a short indication or would you cut the trade?

Answer 3

cut the trade

Question 4

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

Answer 4

we don’t take a trade until the 5mt candle closes and ldpm is below price

Question 5

when do you only close a trade?

Answer 5

after the candle closes.
note a wick does not count if touching ldpm

Question 6

once a trade has been entered in scalp ldpm trading, you use what other tool?

Answer 6

ldpm granular

Question 7

for more accuracy ldpm, do what?

Answer 7

add in a 1mt ldpm for scalp trades

Question 8

james goes long here, why?

Answer 8

lpdm closed under candle

Question 9

What a big advantage difference between 1mt LDPM and 5mt LDPM?

Answer 9

stopping out earlier than the 5mt lpdm

Question 10

look out bigger trend for what?

Answer 10

to see if there needs to be trading done, bearish trend could be a no go

How are LDPMs stacked, triggers, VoEx etc?

Question 11

0dte contracts are what

Answer 11

contracts that expire within a few hours

Question 12

when trading 0dte contracts is not recommended that you’re

Answer 12

holding on through retracements

Question 13

why no retracement holding?

Answer 13

the reason is because contract value through theta gets lost, so gotta go in and out.

Question 14

lpdm scalp is a good skill to have why

Answer 14

maybe there isn’t a good macro trades

Question 15

in general, james takes a how many 0dte a day?

Answer 15

a couple

Question 16

master the 0dte how?

Answer 16

mastering one directional move of the 0dte

Question 17

when would have been long the start of that ldpm scalp trade?

Answer 17

when ldpm was under the 1mt candle around 13:45

Question 18

if i started the scalp trade around 13:45, when would I have closed and why?

Answer 18

around 2:15, the candle closed below ldpm

Question 19

immediately when going in the green, what should you and at what %?

Answer 19

close out 30%-40%

Question 20

in a range median of .30% when price range is not moving high or low what does that mean?

Answer 20

you’re not really gonna get good scalp trades from it.

Question 21

by looking at hourly velocity you can see what

Answer 21

how ragged the velocity is, and how velocity is neither going up or down.

There’s barely any hour velocity in this example.

Question 22

if hourly velocity is positive, what kind of trades should we be making?

Answer 22

long trades

Question 23

weaker velocity =

Answer 23

less opportunities for scalping

Question 24

whenever there’s a gap up what do we do?

Answer 24

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

Question 25

What will you find on the 15 mt timeframe?

Answer 25

a lot of less false signals

Question 26

What kind of trades will happen on the 15mt tldpm time frame?

Answer 26

you can go long further, trades will be longer, but trades won’t be as clean.

Question 27

If the 15mt closing is difficult to time what can you use to make it easier?

Answer 27

use velocity and triggers, and levels

Question 28

in terms of swing trades you use which ldpm

Answer 28

hourly

Question 29

in terms of swing trades you can use which ldpms and why

Answer 29

15mt and hour, hour to find entry and 15 mt to find the exit.

Always use lower timeframe to find a better exit.

Question 30

it’s not about ___________ every single win

Answer 30

maximizing

Question 31

you should also check all the ldpms to expect

Answer 31

dips to get bought, or highs to get sold and as long as the ldpms are stacked, bullish or bearish

Question 32

stacked ldpms bullish means

Answer 32

you can stay in the trade longer

Question 33

what can you do instead of watching price happen all the time

Answer 33

set up alerts for 5mt or 15mt ldpm video (37 minutes in)

Question 34

for weeklies and monthly contracts you should use which ldpm

Answer 34

15mt + then hour for trading these contracts.