This video introduces a new approach to using fixed range tools in trading, called the Fixed Range 2.0 strategy. The trader explains how to select and mark the most significant value area highs, point of controls, and value area lows from multiple fixed range pools within a single timeframe range. The strategy aims to provide a cleaner and more effective way to identify key support and resistance levels for swing trading.
Timestamps:
Timestamps
- [00:32] Explanation of the Fixed Range 2.0 strategy and how it differs from the traditional fixed range tool usage
- [02:00] The five different fixed range pools to consider within a single timeframe range:
- Lower timeframe range
- Medium timeframe range
- Latest major low to current price action
- Latest major high to current price action
- New untapped price action range (when possible)
- [03:00] Example of selecting the most significant value area high, point of control, and value area low from three different fixed range pools
- [05:53] Another example of selecting key levels from five different fixed range pools
- [08:43] The importance of the untapped price action pool and how to trade using the untapped point of control
- [10:06] Detailed explanation of using the Fixed Range 2.0 strategy on a chart with a large move down
- [12:07] Tips and tricks for mastering the Fixed Range 2.0 strategy:
- Watch chart champions live streams from July 2020 onwards
- Gain experience by practicing the method regularly for a few months
- Understand that the context is different each time, requiring intuition in selecting levels
To effectively implement the Fixed Range 2.0 strategy, traders should watch this video multiple times, absorb the information, and start practicing the method immediately. While it may take a few months to fully grasp the concept, the trader emphasizes that this new approach to fixed range tools is now their favorite way of marking out key volume levels for swing trading.