Dangstrat
@Dangstrat
17 Tweets • 2023-03-22 • See on
rattibha.com
Here's how to use Monday Ranges & Deviations on
both LTF & HTF charts:
A Thread
&
1/ Monday ranges & deviations can be another
powerful way to create your daily bias to go off ict
weekly profile templates.
2/ Start by looking at HTF charts (D, W, M, Q) on the
weekend to create your weekly bias. Need to have a
clear DOL for a good bias. If there's news then
positions are closed positions before drop because
you dont want to have bias going into news. After then
you can reevaluate.
3/ If you don't know where the next draw on liquidity is
then it's okay to have no bias going into the week or
day. Just sit on your hands, let Monday create it's
range and go from there and wait until you have a
clear DOL before you take any trades.
4/ For this exercise we will have a bearish weekly
bias. If we are expecting the upcoming week to close
lower than the previous week then I am looking for the
high of the week to form on Tuesday or Wednesday.
Vice versa so if bullish, low of week on Tuesday or
Wednesday.
5/ Unless I get an A+ setup that's in alignment with my
weekly bias I tend to not trade on Mondays to let price
create Monday's range because Monday's high & low
will be key levels for the week and potentially
upcoming weeks. Price will reject, deviate, or expand
off these lvls.
6/ Here's how I chart Monday's range and then I
expand these levels to the right of my chart till the end
of the week. This is the M5 (5 minute) chart
7/ Now that Monday's range has been created, going
into Tuesday's London session, my weekly has
already been established as bearish. Now my daily
bias is bearish as well because I'm expecting today
(Tuesday) or tomorrow (Wednesday), to create the
high of the week.
8/ During London's session on Tues price takes out
PDH & goes back below Monday high which creates a
deviation of Monday's range as long as it stays below
Monday's high. We have a low resistance liquidity run
setup so a break below that red line is your shift in
market structure.
9/ Incorporate your daily/intraday profiles. Because of
the LRLR setup if we get a market structure shift we
can look for entries short to target Monday's low which
is the range low so want to look at London expansion
10/ You can see London expansion to the downside
for your sellside curve. The deviation of Monday's high
is your smart money reversal and then you have
MMSM for distribution entries short to target Monday
low. Price delivery is very clean & fast because of the
LRLR.
11/ This example shows Monday's range both getting
taken out for outside day in one session but that
doesn't always happen or typically happens. Typically
you'll see Tues or Wed set high of week/low of the
week then expansion through Monday's range the
reminder of the week.
12/ Here are examples of once price deviates
above/below Monday's range, price expands to the
other side of the range throughout the week.
13/ If you go on HTF charts look back a few weeks for
the previous 2-3 Monday ranges. You will notice that
these levels will act as support/resistance levels and
add the midpoint of the range as well.
14/ this is $ES these past Monday ranges.
Starts with SSL sweep which is a deviation below
monday low range then you get mss up. You will see a
brk/fvg/inversion then it draws towards an old mon
range which is deviation of the mon range (red circle)
cont...
15/ so within a deviation it tests old mon range
which is a SIBI rejects with mss down (red circle).
This past week of 3/20-3/22 you will see that
- $ES reversed off 0.5 point of current Monday range.
- $NQ to EQH for DOL
- $DXY MMSM at yearly open rejection
FOMC next
16/ I hope this thread helps and brings value to the
community! This took time to make so likes and
retweets are much appreciated for more educational
content and for others to see
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