TIMESTAMPS
00:00 – INTRO
00:33 – UTILITY
Select the right time frame for your trades.
Choose the right entry strategy.
Adjust your approach to match market conditions.
You don’t need Orderflow for successful Altcoin trading.
You can still use Orderflow for identifying confluence levels in day and scalp trading.
Focus on USDT pairs.
02:01 – IMPLEMENTATION
Choose between the following entry strategies:
- Limit order
- Candle close
- Market structure change
- CCW entry/retest
- Orderflow based entry
It is important to tailor your approach based on your trading type and market conditions.
Limit Order: executed at a predetermined price, useful for hedging, and beneficial when chart monitoring is not feasible.
Candle Close: provides entry confirmation, take time & price into consideration, essential for SFPs, a 4h close for is recommended for Swing trades, while a 30m - 1h close is recommended for Day trades.
Market Structure Change: conservative approach, market dynamics, additional confluence, must be a confirmed MS change to be actionable.
CCW Entry: a systematic approach, upon CCW Fib retest it provides additional confirmation.
Orderflow Based Entry: real-time data into the auction process, advantageous for day and scalp trades, useful when trading an initial touch of a key level.
🔎06:14 Practical example of Limit Orders.
🔎07:02 Practical example of a Candle Close.
🔎07:47 Practical example of a Market Structure Change.
🔎08:52 Practical example of a CCW Entry.
🔎09:37 Practical example of an Orderflow Based Entry.
10:27 – TIPS & TRICKS
★ You need a solid understanding of the Market Structure, Orderflow and Fibonacci modules.
★ Start with conservative entry types before delving into more aggressive approaches.
★ Be okay with missing trades.
★ To be a successful Altcoin trader, you must be strict with your entry criteria.
★ Journal your trades to accumulate data on the best entry types for your style.
★ Keep it simple, embrace a straightforward approach.
12:11 – FINAL THOUGHTS