Welcome to Rivalry’s Playbook Part 1, where Rivalry reviews the basics of his playbook, the importance of having a playbook, and how to create your own playbook. Stay informed, trade well!
TIMESTAMPS
00:00 – INTRO
00:55 – UTILITY
What is a playbook?
How to create your own Playbook.
The importance of having a Playbook.
Rivalry’s high-strike-rate patterns.
Gathering data eliminates randomness.
Invalidation is important in the game of probabilities.
Your set of rules can be established by roles (tiers).
Roles + Plays + Game Plan = Playbook
🔎 05:15 – Tier One
- PDPA/PDVA (Futures Indexes).
- PWVA (Crypto, primarily BTC).
- The question to always ask yourself: “Is price currently rotating within value or is it in an imbalance searching?”
🔎 07:14 – Tier Two
- ONH/ONL - overnight high and overnight low (Futures Indexes).
- Opens - monthly open, weekly open, daily open (Indexes/Crypto).
- S/R Levels - Monthly (can be considered Tier One in Crypto), weekly, daily and nPOCs.
- VWAP - volume weighted average price (Indexes/Crypto).
- Developing Value - Midday preferred, after IB on Indexes (Indexes/Crypto).
🔎 11:42 – Tier Three
- Fibonacci - all forms considered (Indexes/Crypto)
- IB - initial balance (Indexes).
- Supply & Demand flips - Very subjective, you need a high market IQ in order to master this (Indexes/Crypto).
🔎 14:43 – Tier Four
- Footprint (Indexes/Crypto).
- Delta trend (Indexes).
- Divergences - such as bullish and bearish divergences (Crypto).
Honorable Mentions:
- The PW profile on Indexes should always be considered for the general trend of the market.
- In the same way, due to crypto being a lower liquidity market, we view the PM profile to get a sense for the overall trend of the market.
18:05 – IMPLEMENTATION
🔎 18:20 – Playbook One – The Value Retrace Play (Indexes)
- Consider the PDPA and PDVA levels (Tier One).
- If a 30-minute candle closes “within balance” of either level, the probabilities of a rotation to the inverse level increase.
- If a 30-minute candle closes “outside of balance” of either level it is now in an imbalance searching for the next value.
🔎 18:59 Here is an example for the S&P 500 Index starting on the Daily chart and moving down.
🔎30:00 Crypto works in a similar fashion, but due to its lower liquidity you would switch to the Weekly Profile in relation to the overall Monthly Profile.
31:06 – TIPS & TRICKS
★ It is important to note that Tier One levels will always take precedence over any other Tier list.
★ It is advisable to go in order. I.e., once Tier One has been established, check if any of Tier Two applies, and so forth.
★ Often Tier levels are “areas of interest for POSSIBLE reversal”. It is important to apply the techniques of “How to Spot a Trend” with trade management.
31:56 – FINAL THOUGHTS