Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
361 views4 pages

Trading Bootcamp Revision-Confluence

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

Uploaded by

Hoangminh Dinhthai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
361 views4 pages

Trading Bootcamp Revision-Confluence

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

Uploaded by

Hoangminh Dinhthai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

Trading bootcamp revision

Trader #29: Light Confluence Strategy

For uptrend

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

H1

M15

BOW
(Breakout wave)

H1
Trading bootcamp revision
Trader #29: Light Confluence Strategy

Tip for Confluence Strategy (i)

VALID ENTRY IF
BIG TIMEFRAME
The price comes back to the big timeframe for the FIRST time
STORY

H1

M15

H1

VALID ENTRY IF
We trade on the FIRST or SECOND Key level MIDDLE
in the middle time frame of the Breakout wave TIMEFRAME STORY

H1

M15

M15 (1st)

H1

H1

M15

M15 (2nd)

H1
Trading bootcamp revision
Trader #29: Light Confluence Strategy

Tip for Confluence Strategy (ii)

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

H1

Breakout wave
M5

M15

H1
The new
Up key
level

You might also like