1/ Some insight into my trading process.
I first identify HTF areas that may be relevant for the prevailing trend.
In the charts below, this is how i envision the current and previous macro structure to be developing.
I first identify HTF areas that may be relevant for the prevailing trend.
In the charts below, this is how i envision the current and previous macro structure to be developing.
2/ Why is this important? Because the bounds dictate how to moderate your expectations for targets.
The current structure is between 69k and 40k. Identifying relevant supply zones after identifying a credible bottom area is the main goal.
The main goal is NOT to argue for ATH+.
The current structure is between 69k and 40k. Identifying relevant supply zones after identifying a credible bottom area is the main goal.
The main goal is NOT to argue for ATH+.
3/ If price reaches assumed bottoming area, then I look for local signals of basing - volume, fractal ideas, funding, sentiment, heatmaps, PA analysis, voodoo magic etc.
It is the confluence between the HTF identified zone of interest with the local signals that is crucial.
It is the confluence between the HTF identified zone of interest with the local signals that is crucial.
4/ Note that I look for same signals front running too.
The bottoming areas are typically quite wide originally, and can get narrowed down with more information.
If no confluence develops, i typically resort to reacting to a liquidity event that may signal a reversal.
The bottoming areas are typically quite wide originally, and can get narrowed down with more information.
If no confluence develops, i typically resort to reacting to a liquidity event that may signal a reversal.
5/ I share ideas days, weeks, or even months in advance. I try to provide things when they're actionable instead of useless pnl screenshots after the fact that you lot love.
We all play with incomplete info. These ideas above are the reason why I choose to be risk on here.
We all play with incomplete info. These ideas above are the reason why I choose to be risk on here.
6/
So thank you for all of the dms.
So thank you for all of the dms.
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