1) The document outlines a confluence strategy for identifying entry signals in an uptrend. It involves looking for confirmation of an entry when price pulls back to key levels on higher time frames (HTF) and breaks out of key levels on lower time frames (LTF).
2) It provides tips for valid vs invalid entry signals based on whether the price action is consistent with the big timeframe trend and key level stories. Invalid entries include when price revisits the HTF key level for a second time or if the key level is overbought/oversold.
3) It also discusses looking to smaller time frames like M5 if the middle timeframe lacks a clear structure, ensuring the trade remains aligned with the middle
1) The document outlines a confluence strategy for identifying entry signals in an uptrend. It involves looking for confirmation of an entry when price pulls back to key levels on higher time frames (HTF) and breaks out of key levels on lower time frames (LTF).
2) It provides tips for valid vs invalid entry signals based on whether the price action is consistent with the big timeframe trend and key level stories. Invalid entries include when price revisits the HTF key level for a second time or if the key level is overbought/oversold.
3) It also discusses looking to smaller time frames like M5 if the middle timeframe lacks a clear structure, ensuring the trade remains aligned with the middle
1) The document outlines a confluence strategy for identifying entry signals in an uptrend. It involves looking for confirmation of an entry when price pulls back to key levels on higher time frames (HTF) and breaks out of key levels on lower time frames (LTF).
2) It provides tips for valid vs invalid entry signals based on whether the price action is consistent with the big timeframe trend and key level stories. Invalid entries include when price revisits the HTF key level for a second time or if the key level is overbought/oversold.
3) It also discusses looking to smaller time frames like M5 if the middle timeframe lacks a clear structure, ensuring the trade remains aligned with the middle
1) The document outlines a confluence strategy for identifying entry signals in an uptrend. It involves looking for confirmation of an entry when price pulls back to key levels on higher time frames (HTF) and breaks out of key levels on lower time frames (LTF).
2) It provides tips for valid vs invalid entry signals based on whether the price action is consistent with the big timeframe trend and key level stories. Invalid entries include when price revisits the HTF key level for a second time or if the key level is overbought/oversold.
3) It also discusses looking to smaller time frames like M5 if the middle timeframe lacks a clear structure, ensuring the trade remains aligned with the middle
Step 1: Signal 1) HTF Up Key Level 2) Price pullback and came into this HTF Up Key Level 3) On the pullback wave, we had a structure and LTF key level also
H1
Signal 3
Signal 2 M15 H1
Signal 1
Step 2: Confirmation for entry
Price breakout from LTF Down Key Level
H1 Here, there is a confirmation for
entry using confluence strategy
Confirmation M15
H1
Step 3: Entry Define the new up key level Entry at the new up key level Stop loss below the new up key level Take profit at HTF end of cycle
INVALID ENTRY IF BIG TIMEFRAME The price comes back to the big timeframe for the SECOND time STORY
H1 The big boys: Haha just kidding! We are taking M15 your money
H1
1st 2nd
INVALID ENTRY IF The big time frame Key Level is an overbought/sold Key level (OKL)
breakout breakout
breakout breakout
OKL H1 OKL H1
pullback pullback
pullback pullback
Condition 1: Condition 2: The Key level here becomes OKL The Key level here becomes OKL because the wave 2 is at least 2x larger because the wave 2 has imbalanced than wave 1 Trading bootcamp revision Trader #29: Light Confluence Strategy
Tip for Confluence Strategy (iii)
INVALID ENTRY IF MIDDLE
The middle time frame has a straight market structure TIMEFRAME STORY (Strong momentum against the big timeframe trend)
H1 M15
M15 (1st)
H1
When price does not come to middle timeframe Key MIDDLE + SMALL Level of Break-out wave (BOW), we can go to small time TIMEFRAME STORY frame to seek for an opportunity. Ensure that we only operate in two KL of middle timeframe
