Sniper Elite Flashcards
SLZ
Coil chop OK? Yes, no, or required?
Yes
TXF
Coil chop OK? Yes, no, or required?
No
DTX
Coil chop OK? Yes, no, or required?
Yes
HD
Coil chop OK? Yes, no, or required?
No
OD
Coil chop OK? Yes, no, or required?
No
ETX
Coil chop OK? Yes, no or required?
Yes
TBS
Coil chop OK? Yes, no or required?
No
Elevator
Coil chop OK? Yes, no or required?
Required
TXF
2-3 bar chop OK? Yes, no or required?
No
DTX
2-3 bar chop OK? Yes, no or required?
Definitely no
HD
2-3 bar chop OK? Yes, no or required?
No
ODD
2-3 bar chop OK? Yes, no or required?
No
ETX
2-3 bar chop OK? Yes, no or required?
Yes
SLZ
2-3 bar chop OK? Yes, no or required?
Field blank
TBS
2-3 bar chop OK? Yes, no or required?
Field blank
Elevator
2-3 bar chop OK? Yes, no or required?
No
TXF
2 clusters in 3 bars OK? Yes, no or required?
No
DTX
2 clusters in 3 bars OK? Yes, no or required?
Yes
HD
2 clusters in 3 bars OK? Yes, no or required?
Yes
ODD
2 clusters in 3 bars OK? Yes, no or required?
Yes
ETX
2 clusters in 3 bars OK? Yes, no or required?
Yes
SLZ
2 clusters in 3 bars OK? Yes, no or required?
Field blank
TBS
2 clusters in 3 bars OK? Yes, no or required?
Field blank
Elevator
2 clusters in 3 bars OK? Yes, no or required?
1-2 required
For only which trade is low DR not OK?
TXF
Which two trades can’t go against DR?
TXF and DTX (and TXF can’t have low DR)
Which three trades require a PAW or mini-magnet?
ETX, TBS, and elevator (ETX is also required to be within 2 ticks of a PAW, MM, ZOI, or I-Block Level)
A TXF trade (green) is comprised of?
A trapped X-Box on a Reversal bar
Obstructions:
Very low DR
5 big levels
• double clusters within 3 bars
• 2-3 bar chop
• against top/bottom of range
Amplification:
• PAW or MM on Bar
Can be traded:
• with range (possibly against DR)
A DTX trade (red) is comprised of?
2 FTX on same level (within 5 ticks)
Obstructions:
• 5 big Levels
• 2-3 bar chop
• against top/bottom of range
Amplification:
• PAW or MM on Bar
Can be traded:
• in coil chop
- double cluster
• with range (possibly against DR)
An HD trade is comprised of?
- 2+ Pullbacks in confirmed trend (don’t use new H/L)
- Trapped X-Box on a Reversal bar
- OD shows > 125% Volume in Pullback (over last)
- and/or-
- Green and Orange Early Hidden Divergence Icons
Obstructions:
• 5 big Levels
2-3 bar chop
Coil chop
Ranges (don’t use during ranging price)
Amplification:
• PAW or MM on Bar
• Coincidence with Divergence Icons
Can be traded:
• double cluster
An HD long trade is used for a market which is trending up or down?
Up (need greater than 125% for bottom number to go long)
An HD short trade is used for a market which is trending up or down?
Down (need greater than 125% for top number to go short)
An ODD short trade is used for a market which is trending up or down?
Up (need less than 80%, preferably less than 50%, for top number to go short)
An ODD long trade is used for a market which is trending up or down?
Down (need less than 80%, preferably less than 50%, for bottom number to go long)
An ODD trade is comprised of?
- Trapped X-Box on a Reversal bar
- OD shows < 80% (ideally <50%) vs last move in trend
- and/or-
- Yellow Divergence Icon
Obstructions:
Obstructions:
• 5 big Levels
2-3 bar chop
Coil chop
Ranges
Amplification:
• PAW or MM on Bar
• Coincidence with Divergence Icon
Can be traded:
• double cluster
An ETX trade (narrow blue) is comprised of?
- Trapped X-Box on a Reversal bar
- With a PAW or Mini Magnet on it
- Within 2 ticks of a PAW, MM, ZOI, or I-Block Level
Obstructions:
5 big levels
Amplification:
• coming off of further
Levels
Can be traded:
- double cluster
•coil chop
• 2-3 bar chop
An SLZ trade (wide blue) is comprised of?
No trapped x-box needed
- Reversal Bar
- Bouncing off (within few ticks) of a wall, Stack, Double MM, Dynamic Magnet, or Flux
- Momentum Star one bar ago
- Low volume score < 13 one bar ago
- Zone of Interest one or two bars ago
Obstructions:
5 big levels
Amplification:
-PAW or MM on bar
-coming off of further levels
Can be traded:
-coil chop
A TBS trade (purple) is comprised of?
No trapped x-box needed
- A new high or low (higher high than peak just to the left or vice versa)
- Three bars after the reversal/new H/L
- A TX Continuation bar with a with a wick of 2+ ticks
- With a PAW or MM on it
- Long after new low
- Short after new high
Obstructions:
5 big levels
Coil chop
Amplification:
-coming off of a level
-new high or low with ODD
An elevator (gold) is comprised of?
- Early in a trend
- Coil chop
- Trapped X-Box on a reversal bar
- With a PAW or Mini Magnet on it
Can be traded:
-coil chop
- With 1+ cluster(s) on the reversal bar/bar before
Obstructions:
5 big levels
Late in the trend (after some pullbacks)
2-3 bar chop
Clusters are?
Yellow in color and are a chop warning
A PAW is?
An orange rectangle / short pink line that indicates Price at Weakness / weak price point
A blue square on the right of an exhaustion box means?
Buyers are trapped
A blue square on the left of an exhaustion box means?
Sellers are trapped
A mini-magnet means?
A white line that represents price attraction and rejection
A ZOI is?
Zone of interest: aggressive action, small price area
Orchid up, turquoise down
An I-block is?
Large institutional block orders
-wide red and green lines
ICE levels are?
Narrow green, blue, and red lines
Dev levels are?
Deviation levels from settlement
-narrow aqua lines, one of the five major levels
Dynamic magnet levels are?
High-volume areas from the previous day (dashed orange lines and one of the five obstacles)
Walls are?
Important levels plotted from larger timeframes, one of the 5 major levels
-dashed purple lines
-dashed aqua lines
-dashed yellow lines
Flux pivot levels are?
Red and blue lines that say L1, L2, L3 - one of the five obstacles
What are the five major levels?
- Deviation
- Wall (cyan dotted line)
- Stack (any 3 levels or double mini magnets)
- Flux
- Dynamic magnet
The height of DR only matters for which trade?
FTX only