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SNR/TL/TF Instagram: @avesworld27 Telegram: @avesworld Not financial advice. No Mentorship.
When dealing with gaps for open close snr. Take the top for resistance and bottom for support
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For intraday understanding just understand we are entering from this daily support Mtf with weekly. (With understanding weekly is bullish storyline) and refined to h4 (can further refine to h1)
Then BE 50 pips full TP 100 pips you're done for the setup
Significance of entering here is because we are in weekly which is continuation of monthly and daily because it's continuation of weekly
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Intraday:
Monthly Weekly bullish.
Blue line: Weekly rbs
Grey zone: daily support
Since this video is long and detailed with multiple examples (As per usual) I will do my best to find time to make a follow up summary video and God willing have it uploaded on Wednesday this coming week.
After you watch this video you may be wondering whether you can NOT wait for the weekly storyline to give you what you need before entering from daily for the intraday. The answer is that you absolutely can PURELY play from Daily storyline whenever you see them occur, but your risk will be increased if you do not make your Daily be aligned with the operation of Weekly.
But is it possible to play purely from Daily storyline even if it is counter to weekly and monthly storyline? Absolutely. Have I done it on multiple occasions? Yes. Do I think it is very high probability? No.
So I will repeat it again:
LTF (H4/H1): Entries
HTF (Monthly/Weekly/Daily): Storyline
Haven't replied to some of your questions in the comments, been dealing with a stomach flu so just tryna recover and get back to 100% thanks for your patience!
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If you cannot wait, no worries you can move on I'll see you next time. No hard feelings
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9 more minutes until the new vid drops.
Covering how to use storyline rules to pick a higher probability zone
Just recorded a summary of the 50 minute Storyline video.
This video is 27 minutes long and revises the storyline rules with examples such as:
1. How to identify the start of a storyline (Potential end of a storyline is the exact same way it started. Rejection, breakout)
2. What the significant timeframes would be relative to a particular storyline
3. What obstacles you should pay EVEN more attention to compared to the regular "Obstacles 1 timeframe below"
4. How to know when an SNR is already tested or when it can still be used to deliver a storyline
In case you want to backtest this logic before this fridays video ^
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Grey zone refined to h4 open close. Bottom part is another h4 open close
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For intraday when we enter on Daily back and forth. Do we NEED/MUST have weekly storyline start for us to do this?
The answer is no, but I go in depth in a video I just made. Will upload it today at 10PM GMT +0800 God willing.
New video on Intraday setups will be uploaded 10PM GMT +0800
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Today is the last day of Friday uploads. The rest should be moved to either Saturday or Sunday.
Today's upload will be on how I use an existing weekly storyline to take multiple Intraday trades
I'm not saying this to be rude or anything, misunderstandings happen. But storylines are to be used for HTF only (in my opinion, based on my teaching).
The fact I have to mention this shows how important storyline is, and why I was correct in repeating myself on its rules
Please understand something yeah. My routine with this series is to teach you what goes on in my head step by step. If you view one or two videos and immediately want to know how I enter trades etc. Then my channel is not for you.
Learn before you earn, I will only do trade breakdowns using all the info I have provided once I finish teaching how I use SNR.
The storyline summary video will be uploaded tomorrow (Wednesday: 28/3/2023) on 10PM GMT+0800
Next Friday God willing the video release is all good, I will cover a safe way to take intraday trades, how to plan it, what the take profits will be, and most importantly what HTF we will pay most attention to. (You probably already know it but yeah)
Sidenote: The most overlooked rule of trading SNR that I have observed even with my personal trading friends is identifying and being aware of significant obstacles.
When things are going well on the chart and you recognize that things are going well on the chart, you might be juuuustt a little late on realizing that price has traded into an obstacle. (Especially true for intraday traders)
This is why I will forever advocate for writing the storyline and obstacle timeframes on a whiteboard or paper. Trust me on this suggestion
Operation of Timeframes simply means each timeframe completing the storyline of a bigger timeframe.
For Example: Weekly confirms bearish storyline but we have like 3 or 4 daily resistances. Which daily do we sell from? And during this time daily storyline is bullish. So we will mark the 4 daily resistances and wait for the Daily candle to reject and confirm a storyline from any one of these daily resistances. Then we can conclude that that particular daily resistance is most likely going to hold price AND CONTINUE the sell together with the weekly bearish storyline