Stuff From Course Notes Flashcards

(82 cards)

1
Q

Where do important nPOC’s come from?

A

Monthly, Weekly, and Daily TF’s

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Which indicator can be traded without additional confirmation?

A

None, they all require confluence.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What happens if you change the tick sizes in Exocharts?

A

all the levels will change, such as VAH, VAL, and nPOC

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What are JC’s preferred tick sizes?

A

Pre-set at 50 for Daily, 60 for Weekly, and 150 for Monthly (can be altered to 100)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Naked VWAP

A

when VWAP snaps to price, but price never comes back to that previous VWAP level. (Further Scenario Review Required)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

In Surface9’s VWAP indicator, there are short, flat, bolded lines. What do those lines act as?

A

They act as SR lines.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is another term for CDW?

A

SFP - Swing Failure Pattern

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What time frames do we look at to discover a swing failure pattern? (According to JC’s sidekick)

A

Monthly and weekly patterns. The bigger the TF you see it on, the bigger the SFP.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What shapes/events usually get “SFP’d?”

A

Head & Shoulders, Reverse Head & Shoulders, Ranges, and Wedges (possibly more)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What should you always do before looking for a trade? Hint: this answer has to do with the candles on the chart.

A

IDENTIFY THE HIGH AND LOW OF THE RANGE

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

How do you know where to get into a position with a SFP?

A

Look for areas of high liquidity, of course!

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Why should you pay attention to price points where swing failures occurred?

A

Because a swing failure may occur a second time at that price.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is the 80% Setup?

A

1 = dOpen is outside pdVA
2 = Price closes 2x 30min candles inside pdVA
3 = There is an 80% chance that price fills the pdVA.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

TR Chart / Trend Reversal Chart is essentially made of what charts?

A

Exocharts
-Volume-based candles (1M)
-Range-40 chart
-Trend-Rev 44-26 chart

(template available for download)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What are JC’s ideal settings for a TR chart on Exocharts?

A
  • Tick setting is set to 1
  • Delta clusters are void
  • Text set to “none”
  • flat candles
  • POC turned off
  • Levels are still visible (RH side)
  • Delta Bars chart
  • Net long & Net short charts
  • (in footprint bar statistics) Delta should be split in two, one row showing the numerical delta and the other row showing the delta as a percentage
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Why look at Delta as a percentage?

A

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.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

What is the TR Chart strategy in a nutshell?

A

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)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Which direction should JC’s TR Chart wicks be facing?

A

Red/Purple candles should wick up
Green/Blue wicks should wick down
anything other than that is a bug! (browser version problem)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Stop Loss Hunt (aka stop hunt)

A

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.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Slippage

A

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.)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Which tools do you use to identify “trapped traders?”

A

Delta & Volume
Review –> CVD course

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

What are some other confluences to pair with the TR Chart?

A
  • key levels (best trades)
  • delta/volume (trapped traders)
  • Delta %
  • MC
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

If you see 100% Delta change on the TR Chart, you should look at TV for WHAT?

A

A divergence, or at the very least a BW shape that you like, like the uneven butt cheeks or anchor-trigger.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

How to identify Absorption?

A

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.)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
What is a phenomenon you previously forgot to look for on trades? This particular phenomenon is powerful for generating successful trades.
Divergences
26
What is laddering in?
?????
27
Do you market in or limit in for a trade in a CDW/Swing Failure Pattern trade?
MARKET IN on the CDW/SFP
28
Where are divergences most easily identified?
Higher TF's (like monthly, weekly, daily, and sometimes 4H)
29
What's the first TF you should look at when you start a trading session?
4h and above
30
What is the first phenomenon you should look for when you start a trading session?
Divergences
31
What's the biggest downside to "Back-running?"
Emotional distress in the form of self-preservation mode
32
What is the #1 rule in crypto trading?
Be cold-headed and calculated. Emotional trading should never exist. Be very cold/emotionally flat.
33
Where is the worst area to trade in within a range? (The answer is in the question)
Anywhere between the extremes/edges of the range. The middle area of the range provides the highest-gamble areas.
34
TPO
Time-Price Opportunity
35
Typical TPO Chart Settings
30min TF candles Tick = 50 (most accurate) (TPO Mono Color) (Text at TPO letters) (Color Box or other preferred candle type)
36
TPO charts have these two "profiles"
#1 - Volume profile (RH side), #2 -
37
Traditionally, what are Volume/Delta profile TOP charts used to find specifically?
Find discrepancies between Time & Volume (shown as POC's)
38
What are the two things (POC's) shown by the Volume profile of the TPO chart/template?
1- At what Price the asset exchanged hands (Volume) 2- At what price the asset spent the most time (Time)
39
The Volume Profile of the TPO chart should have what settings?
pink highlighted candle is the POC, candles outside of VAH & VAL should be highlighted in white or something, just like JC has in his template, which he made available in his course materials
40
If Bitcoin spends a lot of time at a price, yet there is very low volume ash that price, that tells us this is a _____ move. The price will likely come back to test that level.
weak
41
If BTC puts in a lot of volume at a lower price, then gets a very substantial move to the upside and spends a lot of time somewhere without t a lot of volume, that means WHAT? (Relatively Rare Yet Significant Phenom)
The move was very weak and will come back to retest at the lower price.
42
Whenever a candlestick touches a price on the time profile of the 30min candles on the TPO charts, it will leave behind a ______ in its place
letter
43
"Single Prints" on the Time Profile of the TPO chart are when
Price spends very little time in one place where only one candle has exposure to that specific price
44
What is another (somewhat interchangeable) word for "Profile" in the TPO chart terms?
Balance
45
There are two kinds of trading days. What are they?
Trending & Balanced
46
How does the letter system work in the TPO Time Balance/Profile? Name the letters used.
Capitals letters first, lowercase letters follow, A through X, then a through x. Yes, Y and Z are skipped.
47
What is a "Balanced Day?"
When the profiles are very "neat and tidy." Most of the Time & Volume Profiles/Balances are hanging around the POC's. There are potential single prints at the highs and lows with most of the action in the middle. In other words, it's RANGING.
48
What is an interchangeable term for a Balance Day?
Ranging Day
49
Trending days can still have ______, but what sets it apart for Balance days is a large _____ in price, which changes where price hangs around for the day.
ranges, increase/spike
50
If price comes into an OLD TPO BALANCE, price will do what?
In this scenario, price will reach the opposite end of the VA (VAH or VAL, depending on the direction of the price's entry). Alternatively, the price might reject off of the POC. (This can effect where you close your trade IF you trade in these old TPO Balances.)
51
Rule #1 If price moves out of a balance to an imbalance, it will generally _________________________________________.
move to an old/previous balance range
52
If price rejects from an old range's POC, which TPO-related rule is invalidated?
Rule Invalidated = If price accepts into an old balance, it will retest the other side of the balance (VAL acceptance = test VAH or vice versa)
53
If price rejects from an old range's POC & the VAL/VAH Rule is invalidated, price will _______________________.
reject back to the previous balanced area
54
If price accepts into an old balance, it is likely to what? (This is a duplicate of another card, but worded differently)
retest the other side of the balance (VAL acceptance = test VAH or vice versa)
55
Price inside a balance is expected to reject VAH and bounce from the _______.
VAL
56
--- BEAST CARD--- What are all the basic rules IN ORDER for TPO-related price action?
#1 = If price accepts into an old balance, it is likely to retest the other side of the balance. (VAL acceptance = test VAH, VAH acceptance = test VAL) #2 = Price inside a balance is expected to reject VAH and bounce from the BAL #3 = Once price moves out of a balance to an imbalance, it will generally move to an old balance range (aka previous channel/range). #4 = If price rejects from an old range, Rule #1 is invalidated & price will reject to the previous balanced area. #5 = If Time, Delta, and OI build at the VAH.VAL of a balanced profile, it is likely to break through (consolidation at a level with high delta). #6 = If there is no increase in Delta or OI and it is the first attempt to break balance, look to trade a CDW/SFP.
57
TPO Price Action Rule #1
Which # Rule? ---- If price accepts into an old balance, it is likely to retest the other side of the balance. (VAL acceptance = test VAH, VAH acceptance = test VAL)
58
TPO Price Action Rule #2
Which # Rule? ---- Price inside a balance is expected to reject VAH and bounce from the BAL
59
TPO Price Action Rule #3
Which # Rule? ---- Once price moves out of a balance to an imbalance, it will generally move to an old balance range (aka previous channel/range).
60
TPO Price Action Rule #4
Which # Rule? ---- If price rejects from an old range, Rule #1 is invalidated & price will reject to the previous balanced area.
61
TPO Price Action Rule #5
Which # Rule? ---- If Time, Delta, and OI build at the VAH.VAL of a balanced profile, it is likely to break through (consolidation at a level with high delta).
62
TPO Price Action Rule #6
Which # Rule? ---- If there is no increase in Delta or OI and it is the first attempt to break balance, look to trade a CDW/SFP.
63
Does JC use TPO Price Action Rule #5 to enter trades? (If Time, Delta, and OI build at the VAH.VAL of a balanced profile, it is likely to break through (consolidation at a level with high delta).)
No, he uses it as additional confirmation/confluence for a position he's already in or to set a target a trade he is looking to take.
64
How do you identify the open and close of the day on the TPO Time Balance/Profile?
The brightest ticks on the profile, the first cell/tick being on the far left side and the closing tick/cell being on the far right side of the profile.
65
What is the number in parentheses nest to a section of single cells on a time-based TPO chart?
The number of rows of single prints on that chart.
66
What should you do when you identify an area of single prints?
Mark those levels as "SP Low" and "SP High."
67
Price wants to fill the "inadequacy" of single-print areas. (T/F)
True
68
Single Prints are inefficiencies in the chart. They are created when there are _______ moves to the upside or downside. You can only view it on the ______ charts.
Single Prints are inefficiencies in the chart. They are created when there are ***QUICK*** moves to the upside or downside. You can only view it on the ***TPO*** charts.
69
SP's have a top and a bottom. Does it matter at which side of the SP's the price is trading?
No
70
The important thing about SP's (single prints) is what?
The important thing about SP's is that when you approach the top/bottom of SP's, you would expect a reaction at the first touch.
71
The more rows of single prints there are, ........
........., the more of a reaction you can expect. (in terms of SP's on TPO charts)
72
Only consider SP's than have more than ______ rows.
5
73
If you start trading in the SP's and get accepted into them, you would expect them to .......
If you start trading in the SP's and get accepted into them, you would expect them to ....... get filled and them have a reaction at the bottom/top.
74
I expect reactions from pervious areas of single prints. They act as.....
Support/Resisteace areas.
75
When it comes to using confluence with SP strategy, which POC would be more relevant? Older POC's or newer POC's?
Older POC's. Newer POC's won't be relevant when finding confluence with the SP strategy.
76
To better understand the phenomenon of SP strategy, you should.....
Backtest the strategy yourself and document your findings. Then create a grid of the possibilities that comes from the SP strategy as a quick-reference tool for active/paper trades.
77
How many blocks are required to create an SP, ST, or BT on a TPO chart? (Single Print region, Selling Tail, Buying Tail)
3
78
What are Buying Tails (BT) and Selling Tails (ST)?
These are SP's created at the top or bottom of a dandle. BT's form at the bottom and ST's form at the top.
79
ST's and BT's indicate what in terms of breakouts?
These indicate that there will NOT be a breakouts.
80
It's actually more rare to NOT see a selling or buying tail. What do we call these highs/lows?
A poor high or a poor low. (BT and ST are created by the bigger players, so poor highs/lows are created by the "poor" lol)
81
What two things do expect to see at a poor low/high?
We expect price to come back to that level and EITHER break the range or create a SFP/CDW.
82