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Profitability Cheat Sheet

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367 views8 pages

Profitability Cheat Sheet

Uploaded by

Localnoob s
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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‭Profitability Cheat Sheet‬

‭-‬ W
‭ elcome to the Profitability Cheat Sheet. This cheat sheet is‬
‭designed to give you the knowledge you need, all written down, for‬
‭free.‬

‭-‬ P
‭ icture this: tapping into the market to not just trade, but to‬
‭genuinely thrive.‬

‭-‬ W
‭ hether you've been trading for a while or just starting, this guide is‬
‭here to help you navigate the markets with confidence and, most‬
‭importantly, profit. It's time to shake up your approach, fine-tune‬
‭your strategies, and embark on an exhilarating journey towards‬
‭financial success. So, let’s get started!‬

‭Daily Bias:‬

‭-‬ D
‭ aily Bias allows us to trade with the short-term trend, maximising‬
‭our efficiency. Most of the time, trading with the overall trend comes‬
‭with lag and delays, using Daily Bias removes this issue.‬

‭-‬ F
‭ or session bias, the first candle you need to look at is the daily‬
‭candle.‬
‭The next candle is the 4-hour.‬
‭You look at the previous daily and previous 4-hour candle. Simple as‬
‭that.‬
‭If both are bearish, then the session bias is bearish. So look for sells.‬
‭If both are bullish, then the session bias is bullish too. So look for‬
‭buys.‬

‭-‬ I‭ f one is different to the other, then prioritise the daily‬


‭The daily candle is always stronger than the 4-hour, so if‬‭the daily is‬
‭bullish, buys make more sense. Although you can trade in either direction when‬
‭it’s mixed.‬

‭Key Levels: FVGs Vs S&R‬

‭-‬ ‭The base of any key level (FVGs, OBs etc) are Support and resistance.‬
‭Profitability Cheat Sheet‬

‭-‬ ‭S&R are areas where price has touched and rejected multiple times.‬

‭-‬ ‭Now, most people use FVGs and spend AGES trying to master them.‬

‭-‬ ‭How do you identify a FVG?‬

‭-‬ ‭Basically, you look for 3 candles in a move up or down.‬

‭-‬ F
‭ or a bullish FVG, the first candle’s top wick must not overlap the last‬
‭candle’s bottom wick.‬

‭-‬ F
‭ or a bearish FVG, the first candle’s bottom wick must not overlap the‬
‭last candle’s top wick.‬

‭-‬ ‭To draw the FVG, you drag a box from wick to wick.‬

‭-‬ ‭BUT! a FVG is just a S&R on a lower timeframe that wasn’t respected.‬

‭-‬ G
‭ o and find a FVG, using the method I've just shown you, on the 1‬
‭hour chart. Now go the 15 minute chart, as you can see it is just a‬
‭support and resistance that price broke through.‬

‭-‬ N
‭ ow, I'm not saying FVGs don’t work. All I'm saying is that why try‬
‭and overcomplicate it with FVGs, OBs, IFVGs, Breaker blocks,‬
‭Breakaway Gaps… When you can just wipe all of them out with S&R.‬

‭-‬ T
‭ o identify S&R, you want to look for areas the price has touched and‬
‭been rejected more than 3 times.‬

‭-‬ ‭Only identify the most recent S&R.‬

‭-‬ N
‭ ow, a support level is a level where the price has fallen. It is a‬
‭supporting price.‬
‭Profitability Cheat Sheet‬
‭-‬ A ‭ resistance level is a level where price has risen to, and found‬
‭resistance.‬
‭-‬ ‭A support level can become a future resistance. And vice versa (see‬
‭pic below)‬

‭AMD‬

‭-‬ ‭AMD is short for Accumulation, Manipulation and Distribution.‬

‭-‬ A
‭ ccumulation - Otherwise known as ‘Consolidation’ or when the‬
‭markets have low volume. It is when the price creates equal lows and‬
‭equal highs. This typically happens during Asian sessions and is‬
‭followed by Manipulation.‬

‭-‬ M
‭ anipulation - Otherwise known as a ‘fakeout’. Manipulation is when‬
‭the market moves in a certain direction after accumulating for a‬
‭while, only to reverse and head in the opposite direction. This‬
‭typically happens during the London Session. The manipulation is‬
‭always fast and aggressive to generate liquidity.‬
‭Profitability Cheat Sheet‬
‭-‬ D
‭ istribution - or ‘reversal’ is when the price creates significant lows‬
‭and highs. (eg. higher highs, higher lows in an uptrend). This typically‬
‭occurs during the New York session.‬

‭-‬ I‭ t is important to note that these 3 phases are always in cycle,‬


‭meaning there is always one of these occurring at any given time.‬
‭-‬
‭-‬ ‭It is easiest to spot an accumulation first, then follow the market to‬
‭the present time to identify its current phase.‬

‭●‬

‭OLCH/OHCL:‬

‭-‬ E
‭ ach bullish candle follows this pattern; Open, make a low, flip to‬
‭head up and make a high, close.‬

‭-‬ E
‭ ach bearish candle follows this pattern; Open, make a high, flip to‬
‭head down and make a low, close.‬

‭-‬ N
‭ ow, the low on a bullish candle (and the high on the bearish candle),‬
‭is usually manipulation on a lower timeframe.‬
‭Profitability Cheat Sheet‬
‭-‬ A
‭ nd then when it flips to make the bullish/bearish candle, that is‬
‭distribution on a lower timeframe as well.‬

‭-‬ B
‭ asically, when you see an open candle with no top wick on one side,‬
‭you can expect it to flip to create the wick.‬

‭-‬ T
‭ he higher the timeframe, the stronger the sign. So if you see this on‬
‭a daily or weekly timeframe, you can almost guarantee that the price‬
‭will flip to create the wick.‬

‭-‬ F
‭ or example, if you see a daily candle with no top wick, more often‬
‭than not manipulation was to the downside, and distribution will be‬
‭up.‬

‭-‬ I‭ f you can learn to understand AMD, and then learn to understand the‬
‭pattern in which candles move, it will become effortless for you to‬
‭read and predict price movements.‬

‭●‬

‭Trading Zones:‬

‭-‬ T ‭ o Identify the trading zones you need to identify if you’re bullish or‬
‭bearish, otherwise known as the‬‭daily bias.‬
‭-‬ ‭You need to find the daily bias before you can look for trading zones.‬

‭-‬ T
‭ o identify the trading zone, look for bias, then use or draw the‬
‭closest above and below key levels on the 1hr or 15 min time frame.‬
‭That is your trading zone.‬

‭-‬ Y
‭ ou only trade in confluence with the session bias and in your trading‬
‭zones.‬
‭Profitability Cheat Sheet‬

‭My Entry Criteria:‬

‭-‬ ‭One of my entry methods revolves around trading Distribution.‬

‭-‬ ‭You want to wait for an‬‭Accumulation‬‭and‬‭Manipulation‬‭.‬

‭-‬ O
‭ nce price manipulates, you will then need to look for a sign of what‬
‭direction‬
‭distribution will go in.‬

‭-‬ P
‭ rice can do 2 things; retrace back to Accumulation after‬
‭Manipulating and reject‬
‭Profitability Cheat Sheet‬
‭off it. OR it will melt through Accumulation after Manipulating.‬

‭-‬ F
‭ or either scenario, you wait for the price to retrace back to‬
‭Accumulation (after‬
‭either melting through OR rejecting off it) and then break the‬
‭retracement.‬

‭-‬ ‭Targeting the next key level.‬

‭Bringing it all together:‬

‭-‬ ‭First, you want to load up the charts and identify Daily Bias.‬

‭-‬ ‭Next, look for your trading zones.‬

‭-‬ T
‭ hen identify what phase of AMD we’re in. (you only want to trade‬
‭manipulation/distribution)‬

‭-‬ L
‭ ook out for candles that open with no top or bottom wick‬
‭(OLCH/OHCL)‬

‭-‬ O
‭ nce the price is entering Manipulation or Distribution, you then‬
‭want to look for my entry criteria.‬

‭Results:‬
‭Profitability Cheat Sheet‬

-‭ ‬ T ‭ his is just a‬‭slice‬‭of what you’ll learn in the‬‭premium‬‭group.‬


‭-‬ ‭If you want to‬‭FastTrack‬‭your way to success, you‬‭NEED‬‭to be‬
‭in the premium group.‬
‭-‬ ‭You get;‬‭Weekly lectures, a full‬
‭guide course, daily streams,‬
‭1-1 access to me.‬
‭-‬ ‭Hope to see you there.‬
‭-‬ ‭Here’s the link -‬‭https://‬
‭whop.com/fasttrack-forex/‬

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