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BTMM Flashcards

@btmmstalker

Trade what you see, not what you believe. Multi Session M/W, Quarters Theory, Sharkfins, ICT Breaker Concept, Advanced M/W, Confirmed M/W, TDI, Divergences, S@D, PFH, PFL, Safety Trades, Straight Away, London Patterns, Levels. The Pattern...

BTMM Flashcards (English)

Do you want to enhance your trading skills and become a successful trader? Look no further than BTMM Flashcards! This Telegram channel, with the username @btmmstalker, is dedicated to providing valuable resources and insights to help traders improve their trading strategies. The channel focuses on the principle of 'Trade what you see, not what you believe,' emphasizing the importance of technical analysis and pattern recognition in the trading world

BTMM Flashcards offers a wide range of topics and tools to help traders navigate the financial markets effectively. From Multi Session M/W to Quarters Theory, Sharkfins, ICT Breaker Concept, Advanced M/W, Confirmed M/W, TDI, Divergences, S@D, PFH, PFL, Safety Trades, Straight Away, London Patterns, and Levels, the channel covers various aspects of trading to cater to traders of all levels of experience

Whether you are a beginner looking to learn the basics of trading or an experienced trader seeking advanced strategies, BTMM Flashcards has something for everyone. By joining this channel, you can access valuable insights, educational materials, and trading tips that can help you make informed trading decisions and improve your overall trading performance

Don't miss out on this opportunity to sharpen your trading skills and take your trading to the next level. Join BTMM Flashcards today and start your journey towards becoming a successful trader!

BTMM Flashcards

24 Nov, 17:43

Defining Premium and Discount Zones:

●Trading Range (Impulse Structure): The premium and discount zones are determined within the context of a trading range, which is often defined by a higher time frame impulse structure (as discussed in our previous conversation).

●Fibonacci Retracement Tool: To establish these zones, traders use the Fibonacci retracement tool. The 0.5 Fibonacci level is the midpoint of the range.

●Premium Zone: The premium zone lies above the 0.5 Fibonacci level. In a bullish market, this is where sellers are more dominant.

●Discount Zone: The discount zone is below the 0.5 Fibonacci level. In a bullish market, this is where buyers are more dominant.
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BTMM Flashcards

24 Nov, 17:38

XRPUSD(Weekly): Understanding Impulse Structures

●Impulse Structure Definition: Impulse structures in ICT trading are defined as strong, directional price movements characterized by displacement and the formation of fair value gaps (FVGs).

●Displacement: Displacement refers to a forceful push of price through established market structure (highs and lows). It indicates a strong desire for price to move in that direction.

●Fair Value Gaps (FVGs): FVGs are a three-candle formation where the middle candle is expansive, creating a gap between the wicks of the first and third candles. They are a key sign of displacement and continuation.
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BTMM Flashcards

20 Nov, 07:33

Remember that no entry pattern guarantees a winning trade.

Prudent risk management, thorough backtesting, and continuous learning are essential aspects of successful trading.

These entry pattern rules should be used within the broader context of the ICT methodology, incorporating concepts like risk management, market cycles, and overall market narrative to make informed trading decisions.
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BTMM Flashcards

19 Nov, 17:12

TRIP.COM(Weekly) : Establish Higher Timeframe Bias
●Determine the overall trend direction (bullish or bearish) based on higher timeframes (daily or weekly charts). This helps avoid counter-trend trading and ensures that entries align with the "smart money" flow.

●Identify key levels within the higher timeframe that support your bias, such as Fair Value Gaps, old highs and lows, and potential reversal zones.

●Remember that a range, or the distance between a swing high and swing low, can inform your bias.
You would look to buy in the discount zone of a range when you are bullish, and sell in the premium zone of a range when you are bearish.
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BTMM Flashcards

18 Nov, 11:42

These consolidations often occur as price moves from internal range liquidity (Fair Value Gaps) to external range liquidity (highs and lows of a range) or vice versa.

Visualizing the Model:

Imagine a scenario where the trader has a bullish bias based on higher timeframe analysis. The market might exhibit the following pattern:

1.Initial Consolidation: Price consolidates near a Fair Value Gap in the discount zone (lower half of the range). This is where institutions might be accumulating positions.

2.Manipulation: Price breaks down, triggering stop-loss orders below the consolidation, potentially creating a new low. This is the manipulation phase.

3.Second Consolidation: Price consolidates again, potentially forming another Fair Value Gap.

4.Reversal (Smart Money Reversal): Price starts moving upwards with strong momentum, confirming the bullish bias and indicating the start of the expansion phase.
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BTMM Flashcards

18 Nov, 11:42

XLMUSD(Daily): Market Maker Model

Structure of the Model
A Market Maker Model typically consists of two consolidations leading into a reversal, aligning with the trader's identified bias based on higher timeframe trends.
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BTMM Flashcards

15 Nov, 08:40

BABA (Weekly): Liquidity

Liquidity: Liquidity refers to the ease with which an asset can be bought or sold.

Understanding liquidity is crucial for identifying areas where institutions are likely to enter the market.

○Internal Range Liquidity: Refers to FVGs within a range.

○External Range Liquidity: Highs and lows of a range.

○In a bullish market, institutions buy in liquidity below lows (sell-side liquidity), while in a bearish market, they sell above highs (buy-side liquidity).
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BTMM Flashcards

14 Nov, 18:25

The Unicorn Model is most powerful at Killzone open times (periods of high volatility) and when paired with the overall market narrative and draw on liquidity.

●The fair value gap must be inside the breaker block area for the model to be valid.

●Understand that even high-probability setups like the Unicorn Model can fail.

Proper risk management is crucial.
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BTMM Flashcards

14 Nov, 18:20

GBPUSD(H4): The Unicorn Model

The Unicorn Model is a powerful trading concept within the ICT methodology.

It combines two key ICT elements:

●Breaker Blocks: Powerful price levels that occur before large institutions, often referred to as "smart money," sweep liquidity from the market.

●Fair Value Gaps (FVGs): Three-candle formations where the middle candle is expansive, creating a gap between the first and third candles. FVGs indicate strong momentum and potential continuation of the trend.

Definition: A Unicorn Model occurs when a Fair Value Gap overlaps a Breaker Block. This confluence signifies a high probability setup for a trade
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BTMM Flashcards

14 Nov, 18:09

LINKUSD(Daily): Break and Structure Gaps (BSG)

Break and Structure Gaps (BSGs): FVGs that also break through a key structural level, further increasing their significance.
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BTMM Flashcards

14 Nov, 18:03

XMLUSD(Daily): Manipulation vs Displacement

Impulse Structure:

Impulse structure forms with displacement and fair value gaps and represents the current, dominant trend.

Traders should prioritize trading in alignment with the higher timeframe impulse.
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BTMM Flashcards

14 Nov, 06:10

Recognizing the Importance of Higher Timeframe Context:

When analyzing market structure, it is vital to interpret lower timeframe movements within the context of the higher timeframe trend.

The higher timeframe trend determines the direction of the impulse structure on lower timeframes.

This approach helps avoid being misled by short-term price fluctuations.
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BTMM Flashcards

13 Nov, 18:22

Market Structure as the Foundation:
Emphasize that market structure is the bedrock of ICT analysis. Understanding the concepts of manipulation and displacement is crucial for interpreting price action.

Manipulation and Displacement: Understanding market structure requires identifying periods of manipulation and displacement.

○Manipulation: Occurs when the market makes a move that fails to break through a significant high or low with force. These moves are often designed to trigger stop-loss orders and create liquidity for larger market participants. A key characteristic of manipulation is the absence of follow-through; the market quickly reverses after the initial move.

○Displacement: Happens when the market breaks through a key level with significant momentum, often accompanied by features like fair value gaps. This indicates a genuine shift in market direction and is more likely to be followed by further movement in the same direction.
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BTMM Flashcards

13 Nov, 06:43

BTC (Daily): Identifying and Using Order Blocks in Trading

●Context is Key:
It's crucial to analyze order blocks within the context of the broader market structure and other ICT concepts. For instance, a bullish order block would be more significant if the market exhibits a bullish weekly candle bias and has broken above the previous day's high.

●Trade Entries:
Traders might look to enter long positions near a bullish order block, anticipating a bounce from that support level. Similarly, short positions could be considered near bearish order blocks.

●Stop Loss Placement:
Stop-loss orders can be placed strategically above or below the order block, depending on the trade direction.

●Target Identification:
Traders often use other ICT concepts like external range liquidity, time-based liquidity, or the opening price to determine their profit targets.
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BTMM Flashcards

12 Nov, 12:41

Variations and Related Concepts
●Manipulation Blocks: As discussed in our previous conversation, manipulation blocks resemble order blocks but involve a candle closing beyond a liquidity level before reversing. These blocks are often used to trap retail traders.

●Breaker Blocks: Breaker blocks are powerful levels that occur before significant runs on liquidity and often form before a sweep of stop-loss orders. They can act as strong support or resistance levels.

●Algorithmic Order Blocks: Are candles that oppose the prevailing order flow and have a fair value gap associated with them. These blocks indicate a strong commitment by algorithms to continue the trend.
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BTMM Flashcards

12 Nov, 12:36

FEDEX(WEEKLY): Defining Order Blocks

●Candles Before Expansive Moves: Order blocks are candles that form just before significant price movements. These candles represent price levels where institutional traders may have entered the market, and the subsequent price expansion suggests their orders influenced the market direction.

Ideal Characteristics: The most reliable order blocks are those that exhibit the following traits:

○Large Candle Bodies: Order blocks ideally consist of candles with substantial bodies, indicating a decisive move by institutional traders.

○Fair Value Gaps: The presence of fair value gaps after the order block further strengthens its significance. These gaps demonstrate displacement, indicating a forceful move away from the order block level, confirming the strength of the institutional orders.
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BTMM Flashcards

11 Nov, 09:59

ZScaler (Daily): Manipulation - Exploiting Retail Trader Behavior

Institutional traders understand retail trader behavior and use it to their advantage.

They know that retail traders often place stop-loss orders just above swing highs and below swing lows, creating pockets of liquidity that can be exploited.
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BTMM Flashcards

11 Nov, 06:37

What is the Significance of the FAIR VALUE GAP ?

●Displacement: The presence of a bullish fair value gap signifies displacement, a forceful move indicating a genuine intention to drive the price higher. This contrasts with manipulation, which involves shallow moves into liquidity zones without a decisive break.

●Internal Range Liquidity: Bullish fair value gaps act as internal range liquidity, representing price levels within a range where the market is likely to return.

●Support Zone: These gaps often act as support zones, where buying pressure is expected to re-emerge, providing potential entry points for long trades.
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BTMM Flashcards

11 Nov, 04:51

Deconstructing the Bullish Fair Value Gap

Detailed explanation of a bullish fair value gap (also known as a BC, or Buy-Side Imbalance and Sell-Side Inefficiency).

This pattern is crucial for understanding market manipulation and identifying potential buying opportunities within the ICT framework.Key Characteristics:

●Three-Candle Formation: A bullish fair value gap is identified by observing a specific three-candle sequence.

●Gap Between Shadows: The defining characteristic is a gap between the upper shadow (wick) of the first candle and the lower shadow of the third candle. This gap indicates a sudden surge in buying pressure, pushing the price higher and leaving a void in the price action.

●Expansion: The middle candle in the sequence is typically a large-bodied candle, representing the expansionary move that creates the gap.
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