2) Now how do we trade this?
Since the prior day was bright red it can be expected that any longs were absolutely decimated. Those who shorted, could have stayed short as it went out on the lows.
Therefore, some corrective activity would help speed things up today.
Since the prior day was bright red it can be expected that any longs were absolutely decimated. Those who shorted, could have stayed short as it went out on the lows.
Therefore, some corrective activity would help speed things up today.
2.b) Corrective activity is simply understanding that the D W M are bright red and anytime the 60min is green there is 60min participants buying while the other 3 known participation groups are selling.
This means those people are in 'ill timed' long positions.
This means those people are in 'ill timed' long positions.
2.c) We also know people put their stops at obvious pivots or where they got in. This is useful for a couple reasons.
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1) We know if they're buying it occurs during a green 60min candle
2) We know their stops will be at obvious pivots or where they got in
3) When we trade back through their stops they will be forced to sell, thus taking liquidity from the other aggressive sellers...
2) We know their stops will be at obvious pivots or where they got in
3) When we trade back through their stops they will be forced to sell, thus taking liquidity from the other aggressive sellers...
...that we have identified on the day week & month timeframes.
This is what causes prices to speed up. People getting stopped out & aggressive participation from the other timeframes.
This is what causes prices to speed up. People getting stopped out & aggressive participation from the other timeframes.
3.c) What you'll notice is once we take LOD things speed up. This is because we created a broadening formation & expanded it in the direction of full timeframe continuity. Aka the 4 major timeframes day week month 60 being in agreeance.
In this case red.
In this case red.
The indicator used can be found on tradingview under the name of "Timeframe Continuity" by TFO.
If you'd like to learn more about #TheStrat I do have a series where I put out a video a week. You can go into the description to find the original videos!
If you'd like to learn more about #TheStrat I do have a series where I put out a video a week. You can go into the description to find the original videos!
We also do have a free discord of traders trading the same strategy. And since it's unbiased and objective it's easy to converse about! If you'd like to check it out can do so hereπ
stratalerts.com
Please share if you'd like to see more!
stratalerts.com
Please share if you'd like to see more!
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