Putting it all together Flashcards
What are the main parts of the strategy that we should always keep in mind?
- HTF SO and OF
- 15M SO and OF
- 15M POI’s
- and keep an eye out for LQ
What can we ask ourselves to make sure our trade idea makes sense?
- What is our MTF SO?
- Does the valid POI support the MTF SO?
- Does LQ support our trade idea?
What do we look for when we look at structure? (6 things)
- MTF EOF and SO
- MTF OF
- PA Momentum
- Strong/weak highs/lows
- Premium/discount
- Ranges
What do we look for when we look for LQ?
We look to trade away from sweeps, and into sweeps.
We look for the types of LQ as well.
EQH/EQL
Trendline LQ
Range created LQ
Structural LQ
If the 15m structure is confusing, what can we look at to try and make sense of it?
We can look at the 4H OF and 4H SO to get a clearer idea of what the 15M SO is, and if we need more understanding, we can look at the 1D OF and SO.
What will we see in terms of OF once the objective is complete?
Once the 15M SO is complete, we will see a 15M Change of OF.
Once the 4H SO is complete, we will see a 4H change of OF.
These will be much more reliable if the SO is to continue the trend, since OF is more likely to hold for PT moves.
What can we learn about PA by looking at momentum?
We can see which highs and lows are likely to get run based on how they form as a confluence for EOF.
We can also see price’s willingness to commit to a certain direction. If we have a PT move thats very corrective, the mitigation is probably not complete at that point.
how does OF and momentum go together?
Once OF aligns with structure, we should see a lot of momentum in the market. If we don’t, then it’s likely that we haven’t had the full mitigation and higher price may come.
What’s the best way to get into a pro trend move?
On the 15M, we can wait for price to tap into a POI, and play a reaction off of it, taking into consideration the HTF SO. That is how we can get into a 15M PT trade at the highest point. However, if you miss that, then you can enter after a 15M CHOCH, and take all the continuation trades from 15M OF ranges as they are very likely to hold until the SO is complete.
What has cleaner OF, PT or CT trades?
PT moves always have cleaner OF, as CT trades can sometimes CHOCH all over the place before the mitigation is complete.
Can you trade into an OF range?
Yes, you can trade out of and into a larger OF range on the 15M and 4H. Just like with structure, we will see price initiate out of a range, and mitigate it again before continuing. The market is fractal in this sense.
Can you trade OF the same way you trade structure?
Yes, you can trade OF the same way you trade structure, but waiting for a break of the range, and a mitigation back into it, and then LTF OF to hold until the new range is broken again.
If we’re monitoring price on the 15M (bearish trend, bullish OF to mitigate), when do we want to look for a CHOCH on the 15M, and when do we want to look for a CHOCH on the 1M, and when on the 5S?
On the 15M, we can look for price to CHOCH on the 1M if we tap into a valid POI for continuations, or for the PB after a BOS.
If in the above example, we tap into a refined OB (either for continuation or PB) and have a strong reaction, we can look for a CHOCH and flip on the 5S.
If price doesn’t tap into a POI, then we should wait for a 15M change of OF, so that it aligns with the SO. Then this will create an OF POI that we can look to enter on the 1M, or a refined OF POI which we can use to enter on the 5S
If We tap into a Structural POI on the 4H, what TF should we look for CHOCH’s on?
If we tap into a structural POI on the 4H, we can look for CHOCH’s on the 15M. (Either after a 4H BOS, or a valid POI to continue the 4H trend)
If the 15M has CHOCH’d towards the new SO, and created an OF POI, what TF can we look for entries when price taps into this OF POI?
We can look for 1M entries, or if it taps into a refined POI, we can look for 5S entries
If price taps into a 4H extreme structural POI, do we have to wait for a 15M CHOCH?
If price taps into an extreme 4H POI, we don’t have to wait for a 15M CHOCH, we can look for the 1M entry criteria