Intro. To Revolving True Opens

Question 1

What is required for a tradeable Q4 reversal?

Answer 1

SSMT must be present
If there is no SSMT, reversal chances are slim

Question 2

What are the 2 major reversal points we are looking to trade when looking to trade Q4 reversal?

Answer 2

-Q4 reversal can be used to capitalize on HOTW/LOTW for the weekly cycle
- Q4 reversal can be used to capitalize on HOTD/LOTD for the daily cycle

Question 3

What is the purpose of Q4?

Answer 3

The purpose of Q4 is to reverse if SSMT is present

Question 4

What is a bullish high frequency SSMT entry?

Answer 4

-SMT can be entered when price trades above the swing high that happened before the SSMT sweep
-this is known as turtle soup

Question 5

What is a bearish high frequency SSMT entry?

Answer 5

-SSMT can be entered when price trades below the swing low that happened before the SSMT sweep
- this is known as turtle soup

Question 6

Where are revolving true opens located?

Answer 6

RTOs are the opening price of Q4

Question 7

What is the function of a revolving true open?

Answer 7

Some of the assets within a triad will treat an RTO as a regular true open while the others use it as an OB

Question 8

When should we look to trade a Q4 reversal?

Answer 8

1. NWOG above/below 3rd quarters low/high
   2.SSMT between Q3/Q4
2. At least one reaction to the NWOG within the asset triad

Question 9

Gives some examples of ”crack in correlations”

Answer 9

1. Different highs/lows across a triad
2. Different candle closes/ body color

Question 10

How do we measure a high frequency (turtle soup) entry SL?

Answer 10

-Measure SL by taking fib measurement from high and low wicks, before price sweeps and closes above/below with body
-Stopless should be set at 1 St. Dev