Beginners guide to flip market by Peregrine -Basic Terminologies PA - price action TP - take profit SL - stop loss LTF - low time frame HTF - high time frame SMC - smart money concepts FVG - fair value gap sweep - taking of liquidity OB - order block LP - liquidity pool, a bunch of buy stops and sell stops WO - weekly open MS - market structure MSB - market structure break EV - expected value OTE - optimal trade entry FB - false breakout SFP - swing failure pattern FOMC - federal open market committee FOMO - fear of missing out breaker - failed orderblock, supply orderblock that offered no resistance turns into a bullish breaker and vice versa to fade - trade counter to a move EQ - equilibrium POC - Point of control, in volume profile it means the level at which there was the most volume, in market profile it means the level at which price spent most time on. Market auction theory tells us that the poc is a level at which market participants agree on the price, or consider it a fair value, once it gets above or below, it tends to go back and retest it OI - open interest HVF - Hunt's volatility funnel TPO - time price opportunity PD array - price delivery array ENTRIES/EXIT: • An ideal entry is always when the price of the coin is consolidating around the EMA’s and MA’s, means has a good support there • Always make sure you establish a plan with an entry price, stop loss (mental or physical one) and also a target price. Once the target is hit close 50% or 100% • If you ever miss a trade or entry, do not ever chase after it. This is called a non-calculated trade (FOMO), which can lead to unnecessary loss. Let the market come to us always, as it presents us opportunities. • When (TP) price target is hit, take profits of at least 50% and let the other half run (House money) STOP LOSSES: • Stop losses are important element in trading, the key is to always keep losses smaller than winners. Without it you could end of losing your whole wallet potentially. • To be a successful trader, means to have a discipline and respect those stop losses, whether you use mental or actually setting up a physical one, when they are hit • If your stop loss gets hit, don’t jump in again trying to make up the loss as this can make you lose even more money and no proper risk management. • Sometimes the market is forgiving, and traders get away with not respecting the stop loss. But this last 1 week wasn’t as forgiving. • It only takes 1 bad trade to give back weeks of gains. Never give your money back to the market • Never aim for home runs, the goal is to have small consistent daily profits, which can be a lot in 1 month as well. H𝐨𝐰 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐚𝐩 𝐆𝐞𝐦? You can find perfect return on investment from so-called low market cap gem gem. The low market cap gem is worth an investment because it promises the biggest gains for investors. dollar moneybag You are only supposed to invest in those projects if you have a certain level of knowledge about the project. Once you collected all the necessary information about the project where you want to invest, you can buy it gem. Note: Investing in low market cap gem may be risky but they have up to 100x potential to offer you with huge gains. Don't invest the amount with you are emotionally attached. champagne glass 𝐖𝐡𝐞𝐫𝐞 𝐭𝐨 𝐟𝐢𝐧𝐝 𝐠𝐞𝐦? Coinbase wouldn't be a good option to find gem over there. Because when a coin gets listed on Coinbase then they have already taken off and they are no low cap market coins. The better option is binance launchpad and you will find more low market cap gems on uniswap but high fees is required there so you have to be ready for that. Once you get the chance then paying 100$ on fees won't be a big deal for you. Also, you can find gem on decentralized exchanges like pancakeswap and polkastarter, these both are built on binance smart chain or polkadot Blockchain or Kucoin & MXC. Take high-probability trades. Make sure to take high probability trade setups with good RR and low risk of hitting sl and high chance of hitting TPs Following support and resistance levels, trendlines, volume in the market, Wyckoff schematics for shape and timing, recent market movements, etc. When the analysis agrees with your inclinations, applying more confidence to a trade is more reasonable. The analysis process should help you further rank risk probabilities in the future as you learn how patterns affect market psychology, institutional influences, and much more. RISK MANAGEMENT Risk management is topic u really don’t want to miss in trading or any investment. -In Lev trading, capital preservation is important as making profit, always try to save your funds either its spot or leverage trade, -In spot when your trade gives 50-100% profit, take your initial investment out and play with profit, -In Lev, when coin hit TP1, take profit and move sl to BE, -Don’t short support and don’t long resistance -Don’t use high lev its risky play, -Patience is swing trade is important, SCALP TRADES So in last 3-4weeks BTC moving in 3-4% range ,you can use these 3-4% range for scalp trades, now Scalp trader is trade who trade on LTF(Low Time Frame) for small moves and not holding trade for more than hrs or maximum hold for 1 day, Time Frame use for scalps are 15M 30M and 45M, you can use 1h also but it will day trade, but remember that the lower time frame support/resistance it is, the weak it will , means that support/resistance is weak on low time frame and stronger on high time frame, BTC chart just making LL and its on down trend. Moving in 2% range which is good for scalp, This is scalp setup good on LTF for small gain like 1-3R , Note that scalp trades are giving stress to mind if you are new to scalps, try to do some scalps on paper money and when your strategy become strong then come to real money. SWING TRADES Swing trades are long hold of weeks and months(mostly 1 or 1.5month), Swing trade are safe and stress free, time frame use for Swing trades are mostly 4H, 8H 12H and 1D. above this you can play spot with, Swing trade always have high RR than Scalps & Day trading, like 1/4 RR or 1/5 RR or more. Always use low lev for swing trade, because it has high RR and long hold so it will not suck your funds to stop u from other positions . Must have plan for coin u taking in swing trade , like it would be safe coin with strong FA , not risky coin like $LUNA $SHIBA $DOGE , bc news can wipe your funds in seconds. EXAMPLE $LINK trade we took in TG with RR of 1/4means that risk was 6% and reward was 24% . and coin was risk free with strong FA.
