Where do important nPOC’s come from?
Monthly, Weekly, and Daily TF’s
Which indicator can be traded without additional confirmation?
None, they all require confluence.
What happens if you change the tick sizes in Exocharts?
all the levels will change, such as VAH, VAL, and nPOC
What are JC’s preferred tick sizes?
Pre-set at 50 for Daily, 60 for Weekly, and 150 for Monthly (can be altered to 100)
Naked VWAP
when VWAP snaps to price, but price never comes back to that previous VWAP level. (Further Scenario Review Required)
In Surface9’s VWAP indicator, there are short, flat, bolded lines. What do those lines act as?
They act as SR lines.
What is another term for CDW?
SFP - Swing Failure Pattern
What time frames do we look at to discover a swing failure pattern? (According to JC’s sidekick)
Monthly and weekly patterns. The bigger the TF you see it on, the bigger the SFP.
What shapes/events usually get “SFP’d?”
Head & Shoulders, Reverse Head & Shoulders, Ranges, and Wedges (possibly more)
What should you always do before looking for a trade? Hint: this answer has to do with the candles on the chart.
IDENTIFY THE HIGH AND LOW OF THE RANGE
How do you know where to get into a position with a SFP?
Look for areas of high liquidity, of course!
Why should you pay attention to price points where swing failures occurred?
Because a swing failure may occur a second time at that price.
What is the 80% Setup?
1 = dOpen is outside pdVA
2 = Price closes 2x 30min candles inside pdVA
3 = There is an 80% chance that price fills the pdVA.
TR Chart / Trend Reversal Chart is essentially made of what charts?
Exocharts
-Volume-based candles (1M)
-Range-40 chart
-Trend-Rev 44-26 chart
(template available for download)
What are JC’s ideal settings for a TR chart on Exocharts?
Why look at Delta as a percentage?
Looking at this as a percentage really helps you determine if certain players in the market are running out of steam, where we can expect a reversal.
What is the TR Chart strategy in a nutshell?
1 = Look for a wick, which indicates it’s a “reversal candle”
2 = WITH CVD absorption divergence
(enter after the wicking candle fully prints
TP1 @ 150 move
TP2 @ 300 move
Or Key level of /R)
Which direction should JC’s TR Chart wicks be facing?
Red/Purple candles should wick up
Green/Blue wicks should wick down
anything other than that is a bug! (browser version problem)
Stop Loss Hunt (aka stop hunt)
When large traders (such as institutions) intentionally push an asset’s price to trigger clusters of stop loss orders of other traders. This creates liquidity for that big player’s own trades. This cause sharp, temporary volatility.
Slippage
the difference between the price you expected (or requested) for the trade and the actual price at which the order gets executed. (Often due to market volatility, low liquidity, or execution delays.)
Which tools do you use to identify “trapped traders?”
Delta & Volume
Review –> CVD course
What are some other confluences to pair with the TR Chart?
If you see 100% Delta change on the TR Chart, you should look at TV for WHAT?
A divergence, or at the very least a BW shape that you like, like the uneven butt cheeks or anchor-trigger.
How to identify Absorption?
If the market starts to move against the aggressive traders, it means that all that volume and all those traders didn’t move price, so you should expect a bigger move because of it. (Where trapped traders are found.)