Today, we’ll talk about applying the strategy outlined in the previous thread.
After all, no theory can make you money unless you apply them.
A thread.🧵
And that’s it for this thread!
See how simple a strategy can be?
For your sake, do a case study and observe Bitcoin’s price.
This will train your eye to see the concepts outlined in this thread and the previous one.
In the 5m timeframe, we want to see displacement away from the hourly FVG.
This is shown by price using bearish FVGs if the hourly context is bearish.
We then set our stop at the nearest swing point wick or body depending on your preference.
For our target, we just target 2R.
In the 1H timeframe, we want to see either a bullish or bearish order flow holding.
In this case, the order flow is bearish so we look for a bearish IRL → ERL context.
High-probability trades show when you trade with the trend so we just wait for price to retrace to the 1h FVG
The answer is timeframe alignment.
For now, we will focus only on intraday trades using the 1H and 5m timeframe.
First, you must understand that price is fractal and that means that whatever is happening in the higher timeframe also happens in the lower timeframe.
So far, we know that price either offers fair value or seeks liquidity.
We know we can use fair value gaps and swing points as levels to trade.
So how do we actually trade them?
Today, we’ll talk about applying the strategy outlined in the previous thread.
After all, no theory can make you money unless you apply them.
A thread.🧵
If you have questions join our Discord server where we have FREE community lounge!
Click this link to join: https://t.co/5BVVRWAy8Z
I hope you find this useful!
Goodluck this week, trader!🍀
That will be all for this thread!
I’ve decided that it is best to cut this part to several threads so that it won’t be overwhelming.
That being said, I want you to go to your charts and see how price reacts to fair value gaps as well as swing points.
That’s it for now!
The next thread will be about trading foundation #1: trading strategy.
If you need further help with setting up your TradingView, join our discord community and chat in the community lounge: https://t.co/5BVVRWAy8Z
Thanks for reading!
Lastly, at the bottom part, we have the trading panel.
In there, you can connect your Bybit account so you can trade directly at the charts without going back and forth between the two.