Following on from TPO in Practice 1, we continue to explore live examples in further detail on the charts.
Time Stamps
1:12 – RECAP FROM LAST WEEK
6:19 – TPO THEORY APPLIED TO BTC LIVE
- You always have to know the context of the move
- On the way down, single prints are supposed to act as support. If price gets acceptance into SPs they get filled.
- There is never a random pivot in trading
15:00 – POTENTIAL SET-UP
- Daniel goes envisions possible scenarios and where he’d take a trade
- Time is playing a crucial factor here
- Also, it is important not to pre-set but better to wait for the reaction
- Context is very important
38:49 – Q&A
- Daniel would never take a trade just because of single prints but he always looks for confluence
- Daniel always trades of CVD divergences on LTF but is just aware of HTF (because it does not get you the entry)
- For Daniel, intraday value areas are not so important because they are not so strong levels
- Just because you take profit on the long it does not equal short and the opposite