1. Identify opportunities on the charts and set alerts at key levels. For scalps, use MOs (market orders) with lower and medium timeframes (LTF, MTF). For semi-optimal or optimal setups on higher timeframes (HTF), use LOs (limit orders). Note: Optimal setups are found only when confirmations start from the Weekly timeframe or higher, and only on high-volume assets, not mid or small caps.
If your key level is breached by a quick wick across multiple timeframes, monitor the MTF close. If no candle bodies close beyond your level, itâs likely a liquidity hunt (stop-loss hunting), and the price could reverse sharply. Enter or re-enter according to your initial plan.
Mastering the distinction between powerful and weaker key levels is essential; it's more than just finding Fair Value Gaps (FVGs).
On altcoins, if MTF candle bodies close past your level, consider it broken. Donât chase reversals on a dead levelâlook for new key levels instead and be patient.
By the time you enter a trade, you should already know where the next opportunities lie and have clear take-profit levels. Avoid the mindset of "I hope it goes my way forever"âthis is not sustainable for consistent profitability. If you canât identify clear liquidity levels for profit-taking, reconsider the trade.
2. Wait for price to reach your level. Some levels may hit tomorrow, next week, next month, or even in six months. Some may never hit. Never chase.
3. Trade without greed, following a structured plan for each trade.
4. Secure profits and manage positions for consistent gains.
5. Follow the "788 rule" as it's crucial to mastering 80% of the trading game.
