For this strategy, I use four charts: -The REKT zone Chart -The TPO profile Chart -The 3 min chart with the developing marketprofile
-The footprint chart
Look when the current price is giving volume pressure towards the VAL or VAH of the profile in the 3 min chart and the volume is taking up in the Footprint chart
Look for the x100 zone in the REKT chart
Look for confluence at the TPO Value highs or low with the x100 level.
Place a limit order at the confluence level. Targets are the VAH, POC and VAL example:
If You get experienced enough with this technique, use multiple laddered entry’s for bigger moves between the x100 and the x50.
WHEN to use: If the market is ranging with a TPO profile in Balance, the Bitmex trading machine will from time to time go for a 'stop hunt': When the stop orders of high leverage users are giving enough liquidity for a bigger market order to fill, this move will happen. Responsive buying or selling will bring the price back to where it traded before. Don't use this strategy when the market is trending RISK: A liquidation move can pick up initiating buying to shift Value, in this case the price will not return immediately towards your entry but will go on. Don’t use high leverage, this trade needs some ‘room.’ Straddle, or use a stop before the liquidation of your own position (min above x25) Start small to learn the Strategy Use our calculator for your risk management.