FRVP Bitcoin Trading Strategy
Using FRVP for scalping Bitcoin with high confluence.
A Thread.
Using FRVP for scalping Bitcoin with high confluence.
A Thread.
1. We will learn the best way to use FRVP to trade BTC.
I use a lot of volume profile in my trading and received a lot of questions on my different uses of FRVP
(Fixed Range Volume Profile).
I use a lot of volume profile in my trading and received a lot of questions on my different uses of FRVP
(Fixed Range Volume Profile).
IMPORTANT NOTE-
I have written the guidance and the steps for those who are beginners or don't understand these steps, Please follow that Step.
Some of you may not be able to understand this strategy and that is Okay because you're new so check last Tweet.
I have written the guidance and the steps for those who are beginners or don't understand these steps, Please follow that Step.
Some of you may not be able to understand this strategy and that is Okay because you're new so check last Tweet.
2.
Let's understand
'Return to Base'
Base is a range on smaller TF.
This is where price consolidated and then moved up or vice versa.
This is the 1st requirement for this strategy.
You will be able to recognise a base on the TF of your choosing with more screen time.
Let's understand
'Return to Base'
Base is a range on smaller TF.
This is where price consolidated and then moved up or vice versa.
This is the 1st requirement for this strategy.
You will be able to recognise a base on the TF of your choosing with more screen time.
3. You can find base on any chart but you can't simply slap the strategy on all Charts.
Typical structure for a base should be where range lows/highs were deviated.
Range portrays an auction struggle between the buyers and the sellers.
Below are samples of Deviation ranges.
Typical structure for a base should be where range lows/highs were deviated.
Range portrays an auction struggle between the buyers and the sellers.
Below are samples of Deviation ranges.
4. Once the base is identified, draw FRVP from the beginning of the range to the candle that marks the breakout.
We then mark out our Value Area High (VaH), Value Area Low (VaL) and the Point Of Control (POC) of this range.
We then mark out our Value Area High (VaH), Value Area Low (VaL) and the Point Of Control (POC) of this range.
4. On reversal, wait to see a LTF and HTF Market Structure Break (MSB).
LTF MSB is a must for this setup but HTF is optional.
We monitor the VaH for reversal but we don't trade this blindly.
LTF MSB is a must for this setup but HTF is optional.
We monitor the VaH for reversal but we don't trade this blindly.
6. We will ladder orders between the POC and Base VaL.
The stop loss can be below low of the range. In price action terms, it will be below the SFP or deviation of range low.
Target can be the MSB levels or local highs.
Laddering tutorial link: bit.ly
The stop loss can be below low of the range. In price action terms, it will be below the SFP or deviation of range low.
Target can be the MSB levels or local highs.
Laddering tutorial link: bit.ly
7. Bearish Example for the Return To Base Strategy can be seen in the Charts.
It's common sense to not expect a text book range deviation all the type but Screen time and deviation will make you master it over rime, as you trade more.
It's common sense to not expect a text book range deviation all the type but Screen time and deviation will make you master it over rime, as you trade more.
8. You can add more confluence to the strategy by using VWAP and Fibs.
Practise this on the LTF and you will master this for Scalping.
Sharing resources for those who need help in Further understanding this Concept.
However, if you're still on Chapter 1, then no need to worry.
Practise this on the LTF and you will master this for Scalping.
Sharing resources for those who need help in Further understanding this Concept.
However, if you're still on Chapter 1, then no need to worry.
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