Late in the prism

Most of you are familiar with my general concepts of cutting prismatically through turning points yet we haven't had a market environment for a while where You need to enter very late in the turning point.

Now that volatility and range have provided a setup where we already with class B crypto entries made returns of up to 70% (SUI) within a week on the daily time frame, class A trades for the weekly time frame got pushed to the very end of the prism spectrum.

Prep for these confirmed entries is quite different than any of the early to mid grabs which you have seen me so far taking advantage of.

Most and foremost even so this entry is late you need to be constantly ahead of the curve to not miss the trade or otherwise get overwhelmed or otherwise emotionally triggered by either surprises or data overwhelm in real time.

As such in late September we made the plan for a possible flash crash or otherwise environmental strain to only trigger real-time fade entries in our four main asset classes gold, silver BTC and ES and put crypto under optional class b if there is room for additional execution or otherwise wait for weekly entries on crypto only in small size.

Than we posted at the end of September after an in depth top down (large time frames first) trading instrument analysis of the entire portfolio of 51 crypto trading vehicles a selection of 20 prime candidates to narrow down the field and preselect stronger candidates at an early stage.

On the first of August we posted an in depth setup trap of BTC, the leader of the bunch without its confirmation of possible bounce all bets would be canceled on the crypto space.

We warned of the possible increase of volatility and kept the focus on gold, silver, ES and BTC.

With our early trades well prepped and emotions pre tamed for a possible difficult execution time (large range, surprise news, high volatility)we went back and prepped execution levels for the class B trades we had preselected on crypto and posted those the following day in real time after we were positioned in the main markets.

While the class B trades are always optional we still had headroom for the second wave of level attacks after the markets digested the Japanese carry trade, a much more dominate threat then the previous job data, and picked out two main focus crypto candidates with possible higher potentiality of success rate (and posted those), one of them, SUI turned out to be the highest percentage performer of the entire portfolio for the first week of trading.

With the week closed out for the stock market, bonds and futures for the weekend out focus can entirely rest on bitcoins behavior prior to the new weekly candle opening.

You might think me a fool mentioning this but rest assured I have seen this mistake made many times by students in my coaching year, you need to know when the weekly candles close and open.

Double checking this in trading view is easy by hovering over the very right candle and one finds at the bottom the opening day:

You also need in the same screen space the next two lower time frames visible and the linked curser will show you both in the daily time frame and the 60 minute one at what date and time the session rolls over:

Why this can get confusing is that for example if you live in the EST time zone the weekly time frame indicates a Monday opening while the 60 minute one more accurately depicts that bitcoin's weekly session(=new candle print) is already on the previous Sunday at 20:00:

Why is this of such importance?

Computer are dumb and as much as the world praises the Ai revolution (please be aware the AI is also just as dumb as the person who programmed it - and have you ever thought about the consequences on the world when every person relies on the machine how dumb people will become-like oh i have the perfect translator now why should I learn a language?-duh or why learn good writing skills , even spelling if Ai will straighten it all out and how this will effect our literature and general color in artistry...), an algorithm grabs the first data package at the second the first print goes through for the new candle.

Meaning it is tomorrow at 20:00 Eastern when the expected retracement count starts (again the machine and their programmers are typically from a trading perspective not as experienced in market behavior so up to now all they really do if fade a strong previous candle move upon opening) and we are looking for lower than weekly time frame execution edge stacking is in place(after the initial fade an opportunity arises for the astute fader to get a low risk entry point independent of the time frame operating).

(I didn't mean to say that AI is a negative development but I felt it appropriate to point out that just like I pads and i phones which most often just get praised had a quite influential negative price to human kind as well which is a narrowing of spectrum by perceiving the world through the size of a stamp and ADD of trying to grab an endless data stream only partially filled with actual valuable data.)

So the job at hand is now to follow the 20 selected objects on a weekly time frame closely until Sundays close with a clear map drawn on each crypto chart if ad within what range trade objects are still in play for confirmed entries starting after the retracement countdown on Sunday after 20:00Eastern.

This in close conjunction with bitcoins trading behavior and continuation play probability after its near 30% advancement (bounce).

At best this procedure will through this weeding process get again cut in half and based on trading behavior this process needs to be fine tuned on relative strength behavior between the crypto instruments and bitcoin each day a new into the week.

Be aware that the disciple of waiting for a low risk entry is much more patience requiring than the typical time step from a daily setup with a 60 minute entry fine tuning, meaning entries can come as late as Friday of the upcoming week and was early as Monday.

The pre weeded portfolio is marked with red flags in the following screen shots: