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Beg-Module 3 Naked Charting Steps

NAKED CHARTING STEPS

  1. Please open your charts

  2. Type in BTC USDT (COIN)

  3. Zoom out in the chart

  4. Put your Major Support and Resistance

  5. Find if its Bear or Bull by using BB 50 and 0.2 If the candles are BELOW the Bollinger Band, then it is bearish

  6. Look for trend boxes/patterns

  7. Zoom in

    1. Ask what type of trader you are? (Day, Swing, Position, Scalp)

    2. In this process step, assume you are a DAY TRADER

  8. Law / Rule of Timeframes

    1. Day Trades 15 mins to 1 hour and up

    2. Scalping 1 min, 3 mins, 5 mins

    3. Position Trade 4 hours and up

    4. Swing Trade 1 day and up

  9. Look for trend/boxes form an imaginary box trend (PRICE ACTION)

  10. PLOT YOUR FIBB (retracements)

  1. See the video

  2. Ask yourself, what do you want to measure when drawing fibb

11. PUT your confirmatory indicators RSI, MACD, CCI RSI 30

12. Find your Bread and Butter set up trade

– Bounce and Transition Play (we will study this in the class for beginners)

13. If you don’t see your bread and butter set up, look for another coin or WAIT

EXTRA INFORMATION – RULE OF BOUNCE/BREAKDOWN/CORRECTION

  1. PART 1 – PRISON CANDLE

  2. PART 2 – PRISON BREAK CANDLE

  3. PART 3 – CONFIRMATION/TORY CANDLE (ENTER ONLY HERE)

  4. IF THE BOUNCE, CORRECTION OR BREAKDOWN HAPPENS BELOW .5 or .618 (AVOID) or wait

  5. IF THE BOUNCE, BREAKOUT HAPPENS ABOVE .382 (PREFERRED)