POT Trading Flashcards
Study the parameters and properly conditions for a POT trade
Where POT comes from?
It comes from HWC, after impulsivity flip.
Does a POT with a TL in price needs TAB 29?
No, only the P1 HB for another entry.
If divergence appears with a HL/LL continuation of the Trend, then it is a valid POT.
Exit at P1 extreme+TBF.
Is POT when 30 and 10 are sneaking together?
Yes, considered BITS or SITB of 10.
Exit at P1 extreme.
Why we exit at a P1 extreme in a POT?
Because we are taking a Piece of 10, that wave will not reach the other extreme of HWC 30-10-1
Do we POT a 30m Wave?
No, it is a Pieces of Ten, not Pieces of Thirty
Can we POT Harmonics?
Yes, but only the using POT from C to D when and only C is an HWC with impulsivity confirmed.
This is scalable using the Scanner alert of Cs.
C is usually divergent.
Is TBF needed with a perfect TL?
No, TBF is not needed, we only need the P1 HB.
In the indicator, with a proven TL also TBF is not needed.
what we will get by Ignoring TBF without a proven TL to entry?
We will get more -3s.
Why we work with the 10m wave?
Not only because is the subwave of the 30m wave, but also because we have been using it since Pipclub
When we can POT a 30 min wave?
All day long, the amount of time that we have to trade.
We need to understand the science behind to go with the flow.
Can a TL could be only Support or Resistance?
No, usually after the break out they will transform from one type to the other. A support will transform in a resistance in a PAC move and vice versa.
What kind of PF/TL/Channel we are looking for?
Usually the steep ones, (Like a Clay way trade), those will allow 2 to 3 times the profit or a Regular non steeped channel.
The steeper and narrower, the better.
Why a steeper and narrower channel/TL is a better scenario?
Because we can stack trades, making it one of the best trading scenarios.
We are looking the ones that are not caused by news events.
How divergence must be treated for a POT?
If we have divergence of P1, In a buy situation price must be doing a HL and to enter we need the TBF below the PZ in order to let stochs Calibrate
