Price Action Principles - Trading a Range

Module 4
Ranges, Liquidity, & Targets

@Mindset_BTC
Disclaimer

Please note that any trades shown in the following content are for educational purposes only;
Any risk taken in following trades or setups that are shown for educational purposes is entirely borne by you, with no assignment of
responsibility placed on me, MindsetBTC;
I am not a financial adviser, and as such, will not provide advice that could be construed as specific in nature. Rather, this advice is
intended to be general in nature as an education and entertainment resource;
I do not recommend the purchase of any trading pair, investment, ticker, or any other financial instrument that could appreciated or
depreciate, and as such, will not be held liable for users investments, good or bad;
Do not blindly follow trading calls by anyone. Instead, do your own research;
Past performance is not a guarantee of future results;
and;
This content is strictly provided for educational & entertainment purposes (in case I didn't mention this already)
Acknowledgement
I would like to acknowledge the people who have had a massive influence on me as a trader, some of whom I would call mentor, others who have inspired me
to take action against no one else other than myself in improving and learning everyday

The 2017/18 Market - you gave me the hunger to learn how to trade after getting my arse kicked by you!

Crypto Cred - your videos and educational content are what set me off down the rabbit hole of learning how to trade

Trader Mayne - after finding your Discord, and observing through your public streams and charts etc that we had a similar learning
experience with trading, I dusted off my 2017/18 trading wounds and got back into the saddle

Rektproof - a PA legend who truly inspired me to take action through his public content and approach to trading. Truly.

Emperer BTC - No thanks are enough. He gave me a 'voice' to share my passion of trading and eduction with you all, and am forever
grateful for this

Inner Circle Trader - the man is truly a legend who I learned many concepts from, many of which are shared in this educational series.
Many hundreds, if not thousands of hours spent digesting his material has helped me put this course together for you
The Goal of This Course
It's to explore, in depth, each individual relevant puzzle piece that are in my opinion critical in gaining a framework of understanding
with regard to Price Action trading, particularly, trading a range

As a recap, we'll be exploring the below in the form of modules:

Market Structure & Fibonacci

Orderblocks & Breakers

Value Area Trading & Volume Profile Tools

Ranges & Liquidity Targets (this module)

Trade Management

Putting it All Together

With that being said, let's get into the course

Agenda:
Part 1 - Ranges
What's in a Range?
Range Tool Setup
Determining a Range
Timeframe Based
Market Structure Based
Combination Ranges

Part 2 - Supply, Demand, & Liquidity

Supply & Demand
Price and Liquidity (Sellside, Buyside)
Fair Value Gaps
Volume Profile - nPOCs

Part 3 - Range Based Targets

Market Structure Based Targets
FVG Targets
Volume Profile Based Targets

Part 4 - Range Based Setups

Range Based Setups
RaLEE
Bullish Trend Reversal Trade
Bulliish Continutation Trade
Berish Trend Reversal Trade
Bearish Continuation Trade

Part 5 - The Universal Approach

Self Learning
Conclusion
 Part 1

Ranges
What's in a Range?

A range in my opinion is defined by anchoring two points on a chart based on:

A timeframe (daily, weekly, monthly etc)

Market structure
Or a combination of both

The method I use to anchor the range is a Fibonacci Tool, with values set at 1, 0.5, and 0
When pulled, you will see that you sometimes need to tweak the range, but we'll take a look at this.
Range Tool Setup 1 of 2 2

1) First Select the 3rd item down on the left hand side
menu
Then select "Fib Retracement"

2) Open up the settings of the Fib Retracement Tool,

then set up the Fib tool to show the 0, 1, and 0.5 levels

Note that I personally prefer to have no

background, I don't select the reverse or price
options, and that I have levels selected, with labels
on the right, but in the middle

1
Range Tool Setup 2 of 2

Once you've set up your fibs

per the above, they should
look something like this:

'0' Anchor Point down the

bottom

'1' Anchor Point up top

0.5, Mid Range Level in the

centre
 Determining a Range

Timeframe Based Ranges

Determining a Range

As we touched on, we can (in

my opinion) trade set up a
range based on a couple of
factors

Timeframe Structure
Market Structure
Combination of both

Let's take a look at a couple of

examples
Timeframe Based Range (1 of 3)

Timeframe Based Ranges are the simplest in my

opinion as they are literally pulled from the high
to the low of a previous daily, weekly, or
monthly candle

You need to ask yourself where you think that

price will run based on the price action that
develops on a lower timeframe

We look at one example on the right hand side,

but just note two things:
You can also use this method on the daily &
lower timeframes
You'll also see to the left of this PA that you
could also form an overall Market Structure
Based Range too
By understanding and recognizing that you
can use more than one range setup, this will
make you much more well rounded and
prepared for PA trading
Timeframe Based Range (2 of 3)

The chart on the right is the drilled down

version (2H TF) of the chart above

In this case, we've got a range that has

been determined by a previous week.
Note that in order to use this method, we
need to extrapolate this range shown out
to the next trading week, where we would
be seeking opportunities

You can see that blue box represents the

previous weeks range

In the next slide, we'll take a look at how

this plays out, using the blue box as a
reference to the prev week's range
Timeframe Based Range (3 of 3)

You can see here that the range we

extrapolated can be a great guide for
determining a trading plan

Price respected the previous weeks range

low, then found acceptance above the
previous weeks fair value / 50% level, and
then ran the previous weeks range high

This is one of the simplest methods I use

in trading a range, and you will be
surprised at how effective the Timeframe
Based Range setup can be with regard to
framing a trading plan
 Determining a Range

Market Structure (MS) Based Ranges

MS Based Ranges (1 of 3)

With a Market Structure (MS) Based range,

these aren't as simple to set up as a
Timeframe Based range, but are easy
enough once you build a logical approach
into it

I find that a swing low following a steep

move down, and a swing high after said
swing low work quite well as the definition
of a range (see chart on the right for this)

It can be daunting at first to understand if

the range is working based on what
you've drawn on a chart, but let's take a
look at how this plays out on the next two
slides
MS Based Ranges (2 of 3)

As you can see, the range is mostly

respected from these initial levels that we
'pulled' our range to / from

As price action plays out, you can see that

range low is violated (liquidity run no
doubt), then running up to mid range for a
rejection, followed then by a further range
low deviation for another run on sellside
liquidity resting down there

So based on the range we would have

established on 7 December 2021, it's still
valid as of 18 December 2021 based on
these charts we're looking at

Let's now take a look at the next phase

MS Based Ranges (3 of 3)

With the tail out to the current date of 28

December 2021, we can now observe that
price has again respected the range low,
tested the mid range, was accepted, and
then we traded up and to the range high
for the first time since we established a
range back in the first week of December

As is evident in the example, Market

Structure Based ranges can hold their
place for a significant amount of time,
compared to a Timeframe Based range

As price is fractal in nature, you'll be able

to replicate this set up on any timeframe
and note how respected ranges like this
are
Determining a Range

Combination Ranges
Combination Based Ranges 1 of 3

A Combination Based Range is pretty

simple in the fact that it is a Timeframe
Based Range, combined with a Market
Structure Based Range

In this example, we explore a weekly

timeframe down to a 2H timeframe (more
on this later in the module)

In the following slides, we'll see how

Timeframe Based Ranges won't always
work, and that we need to be dynamic in
our apporach with a hybrid Timframe /
Market Structure Based Range
Combination Based Ranges 2 of 3

In this drilled down 2H version of the

previous Weekly that we marked up with a
range, you can see that although the range
was once relevant, it's not longer aligning
with shorter term price action

So the remedy to this situation, is a bit of

common sense really, and is the premise of
the whole idea of a Combination Based
Range, which is intended to be an
extremely simple process
Combination Based Ranges 3 of 3

Following on from the example above in

section 2 of 3 of Combination Based
Ranges, you can see how we simply adjust
the range low to some market structure
that suits the current price action

This isn't just a randomly placed Anchor

Point though, you've got to make sure that
the structure makes sense based on where
price has previously traded at

You can see that the new range low that

we've established now makes more sense,
but as a word of advice, this doesn't just
have to stop at the current range:
Price is fractal in nature, and we'll
experience new ranges as price trades
up or down
You'll notice this now that you're on the
look out for it
 Part 2

Supply, Demand, & Liquidity

Supply & Demand (My Interpretation)

When we look at it, supply and demand are what makes up the market in it's entirety. Without someone selling at a level they feel is
acceptable, and without someone buying at a level they feel is acceptable, there simply would be no market.

If there is too much selling pressure / supply to overcome the buyers / demand, price continues to sell off until there is sufficient
demand from buyers who are willing to pay a price that they deem to be fair (at lower levels / cheaper price).

The same goes for buyers who outweigh sellers; if there is an imblalance to demand to the upside, it means that temporarily (as
nothing is permanent in the markets), that price will rise until there is enough pressure in the form of supply to drive price back
down (as there aren't enough buyers to outweight the amount of an item available)

This is the premise of supply and demand, where they both act as POSSIBLE FUTURE resistance and support zones.

Conversley though, support and resistance are ACTUAL levels that play out from previously possible levels of supply and demand

We can only project support and resistance out in future as they haven't occured yet. Future support and resistance, like the
overall markets, are assumptions until proven true

In viewing the below chart, we can see that there are some key supply and demand zones at range high and range low, with
much lower level supply and demand levels intra range.
Supply &
Demand
Example
Liquidity (My Interpretation)

Price will always seek, and be drawn to liquidity

The liquidity price seeks is what we are targeting with our trades as exit points, and is a simple concept; supply and demand levels are where potential
liquidity lies in the form of limit orders, only unlocked when market orders are executed (as there has to be a market buy or sell to fill a limit order)

When a stop loss level is hit, the triggered order becomes a market sell order, which unlocks the liquidity needed for a buyer to buy from a seller, or a
seller to sell to a buyer (at those particular levels)

In order to move the markets, larger players (whales, institutions etc) need to drive price up or down to unlock this liquidity at these levels iso they can sell
their longs, or buy their shorts (trade exits)

Conversley to the above though, these larger players etc also build positions by doing this; they drive price down or up to areas where they can unlock
enough liquidity to then fill their long or short orders, and the cycle keeps repeating

When we use the term liquidity hunt, sweep of lows / highs, or swing failure pattern, this is what we are referring to

Price will continue to seek these pockets of liquidity to the upside or downside, and will replicate, fractally from the 1min chart where scalpers reside, to the
15M, 1H where daytraders reside, to the 4H to 6H where swing traders participate, right up to the 1D chart and above for position traders.

The replicating nature of this cycle of liquidity to-ing and fro-ing is what defines the market
Liquidity
Example
Sellside Liquidity

Sellside liquidity can be defined as

the pools of stop loss orders that
are being left in place by market
participants who are looking to get
long

When they enter a trade they

(should) place a stop loss on the
exchange that they are trading on
(in the form of an order that
triggers a market sell when a
determined price is hit -
automated by the exchanges)

Price hits this level, orders are

market executed, and the
dynamics of the market continue
Buyside Liquidity

Buyside liquidity can be defined as

the pools of stop loss orders that
are being left in place by market
participants who are looking to get
short

When they enter a trade they

(should) place a stop loss on the
exchange that they are trading on
(in the form of an order that
triggers a market sell when a
determined price is hit -
automated by the exchanges)

Price hits this level, orders are

market executed, and the
dynamics of the market continue
 Note:

With buy & sell side liquidity, these make great

targets to potentially aim for when trading a range as
they offer somewhat probable exits for us
 Part 3

Possible Targets
Possible Targets

With trading in general, there's no point in slapping the long or short tool on and then aiming for wherever the tool shows a 2R
or 3R based on where you place your stop loss

We need to be more logical and structured in this. As you can see from the course so far, there's no point in doing something
unless we take the time and effort to really work things out. This is the same for trading in my opinion.

So, we can identify some areas where we think that price will likely be attracted to, and hence, make great targets when
partially, or wholly closing a trade.

There are three types of targets that we'll cover here:

Market Structure Based, in the form of swing highs / lows & equal bottoms or tops
Fair Value Gaps
Volume Profile Tool based targets in the form of Naked Points of Control, or even
Market Structure Based
Market Structure Based (General)

When we describe market structure

based targets, we're aiming for
swing highs, swing lows, or equal
highs or lows (shown here)

When price trades away from these

areas, we can expect that
participants have most likely
placed stop losses below or above
these points

As price is driven to and from

liquidity pools, this is why we'll see
the lows or highs taken out, with
price then running in the opposite
direction usually where sells or
buys are then filled at the next
liquidity pool with enough demand
or supply to sustain or repel these
moves
Market Structure Based (Bearish)

When we describe market structure

based targets, we're aiming for
swing highs, swing lows, or equal
highs or lows (shown here)

When price trades away from these

areas, we can expect that
participants have most likely
placed stop losses below or above
these points

As price is driven to and from

liquidity pools, this is why we'll see
the lows or highs taken out, with
price then running in the opposite
direction usually where sells or
buys are then filled at the next
liquidity pool with enough demand
or supply to sustain or repel these
moves
Fair Value Gaps
Fair Value Gaps 1 of 2

Fair Value Gaps are a pretty straight

forward concept in the fact that price
will not only always seek liquidity, but
also seeks to balance itself out as well

This balance is brought about after

price quickly moves away from an
area, where price then seeks to 'fill'
these gaps

These previously sudden moves are

then either quickly in their own right,
or gradually filled in

Reasons for the gap to be filled are

simple - if a move cannot sustain the
demand to keep moving, supply will
overcome it, back to a level that is
appealing to market participants
Fair Value Gaps 2 of 2

Note that FVG's work both ways, both

bullish or bearish

As price generally 'fills' these voids

back, we can then utilise FVG's to our
advantage in the form of a target for
liquidity or price to be drawn to when
determining a trading plan or idea

In this example, we observe the latest

price action, where this gap is yet to
be filled
Volume Profile Targets
Volume Profile Targets

We've already explored Volume Profile and Tools in the last Module (Module 3), where we learnt how to set these up, particularly on a
longer timeframe range, using the FRPV (see Module 3 refresher immediately below)

What we want to do now is understand how to use a couple of items from the Volume Profile tools to use as targets in the form of:

Value Area High & Value Area Low (VAH & VAL)
These areas that these highs and lows define is where 70% of volume was transacted in a given or fixed session
See below in the next slide where you can see an example of this playing out

Points of Control (POC)

Considering a POC is an area where the most volume traded against a given price, these areas can hold a lot of interest in the
form of historical support or resistance, or future supply and demand (which subsequently could then become future support
or resistance)

Naked Points of Control (nPOC)

Where the most volume occured in a given or fixed range, where price moved away quickly from this area and hasn't returned
to 'touch' this level again. Once touched, the 'naked' term is dropped.
Volume Profile, FRPV Targets (Module 3 Refresher)

'Naked' FRVP (ie no price)

Note how the VAH & VAL can potentially offer us some structure within a
range. It's always best to find multiple areas of confluence though, rather FRVP Confluence for a Range (price shown)
than using the VAH & VAL as entry or exit points
Points of Control
Points of Control (POC's) 1 of 2

As mentioned previously, a POC is

where we can encounter resistance
or support depending on the trend
or criteria of a potential set up

We can see in this example of how

a Market Structure Break based
range is set up is established,
where we then have the option of
pulling an FRVP tool setup to
assess for Volume Profile based
resistance

We can see that there is a POC that

is respected as resistance once the
FRVP is established manually

Price moves away from this area,

and retests the range low
Points of Control (POC's) 2 of 2

When we then pull the FRVP to the

swing low below the range after
the deviation, we still see that
there is a POC that sits directly
where price was previously
rejected at

After a range low is tagged, and

the liquidity is taken, we can then
potentially see price rally up and
take the next lot of liquidity which
could be resting above the range
high

In this case, we do see this

happen, where we can use the POC
as a confluence factor and target
on the way to range high
Naked Points of Control
Naked Points of Control (1 of 4)

Let's first take a look at a somewhat

naked chart before we start to dress it
up (for clarity's sake)

You'll see in this chart that we've

anchored fibs and defined a range

Next we'll take a look at how the VPSV

plays out in the following in terms of
nPOC's
Naked Points of Control (nPOC's) 2 of 4

You can see that in this example,

we've established a range based
on a swing high before a move
down, and then again at the swing
low after the retracement
Naked Points of Control (nPOC's) 3 of 4

As we follow through the points in

numerical order on the chart
shown to the right, we can see that
an nPOC as a target would have
been hit at a confluence area of
range high

We can then see that newly

established nPOC's form, with price
drawn up to these areas

Remember, price always seeks

liquidity, and you'll find that stop
losses are being stored above key
areas or range high or nPOC's etc
Naked Points of Control (nPOC's) 4 of 4

So you can see that as price trades

and is printed out, we can find
more nPOC's being established

These nPOC's as we've explored

and discussed can offer great
targets in trades whether for
partial or full closures of trades

We can find that once price tags an

nPOC though that we can see quick
reversals

Why? Well, it's due to the fact that

market participants find the
liquidity needed to fill their orders
after tapping said liquidity to move
the market in the other direction
 Part 4

Range Based Setups

Range Based Setups

Within a range, or to trade a range, there are four set ups that I feel work well:

Bullish trend reversal (range low)

Bullish trend continuation (just after range low, or recovery of mid range IF price shows strength)

Bearish trend reversal (range high)

Bearish trend continuation (just after range high, or recovery of mid range IF price shows weakness)

Based on the above, remember in Module 1, Market Structure & Fibs - we explored the premise of a MSB, and also a Trend Reversal

This was no mistake to introduce you to these concepts back then - the intent was to always bring these back into the spotlight once
you had a grasp on them, where we then study these in some detail now at the appropriate time
RaLEE

What's a course without a cheesy acronym that kind of aligns with some form of trading terminology?

Well, you're in luck! I want to introduce you to the concept that I kind of spitballed, called RaLEE to help you remember a process when
planning a trade or building a trading idea:

(Ra) Range Establishment

(L) Liquidity Sweep
(E) Entry Plan
(E) Exit Plan

This has helped me out many a time when planning trades (as I'm an acronym nerd), but feel free to make your own. I just use this as
a mantra almost when trading this method to keep me aligned, disciplined and true to my approach

Reason being is that I've seen many trades fail when I've stepped out of this process. I find that the probability of my trades when
waiting for RaLEE to play out is greatly increased

More on the process in the following slides

Bullish Trend Reversals
Bullish Trend Reversal 1 of 11

In this example, we see that we

can establish a range based on the
wicked swing low (Ra) based on a
1H chart

RaLEE
Bullish Trend Reversal 2 of 11

Here we then see a Liquidity

Sweep (L), where liquidity is taken
to build positions in what we are
assuming or hoping to be the
other direction

RaLEE
Bullish Trend Reversal 3 of 11

Entry Plan (E) (1 of 3)

If you cast your mind back to

Module 1, we explored MSB's and
Trend Reversals

Nothing is perfect in trading,

but you can see that if we
superimpose Module 1's sketch
of a trend reversal, we can
actually see this in action and
playing out

RaLEE
Bullish Trend Reversal 4 of 11

Entry Plan (E) (2 of 3)

Continuing on with the Entry portion of

RaLEE, let's jump down to a lower
timeframe to look for an entry

Referring back to Module 1 again, we

have a Market Structure Break (MSB)

Yes, there are several set ups in this

image in terms of MSB, but let's focus on
a more HTF version for the sake of
educational purposes

RaLEE
Bullish Trend Reversal 5 of 11

Entry Plan (E) (3 of 3)

In this example, we use our Entry Fibs

(ICT Concept)

Anchored from the last bearish

candle prior to a rally

We see price execute a MSB

(previous slide)

Finally followed by an Anchor Fib at

the swing high prior to the sell off

Price falls back into the Entry Levels,

in confluence with Range Low

RaLEE
Bullish Trend Reversal 6 of 11

Exit Plan (1 of 5)

Let's say that you entered at the range

low, and Entry Levels per the previous
slide. What can be some logical and
sequential targets?

We just covered three potential types of

targets in the previous section of this
Module;
Market Structure Based
Fair Value Gaps
Volume Profile Based

RaLEE
Bullish Trend Reversal 7 of 11

Exit Plan (2 of 5)

Market Structure Based Exit Targets

In this example, we have a couple of

typical exit points to target:
Just above the recent swing
highs where Stop Losses will be
resting from short sellers
Above range high where we
could typically expect liquidity to
further be resting

RaLEE
Bullish Trend Reversal 8 of 11

Exit Plan (3 of 5)

Fair Value Gap

We've jumped up to the 2H Timeframe

here (you'll need to get used to jumping
from timeframes...if you so wish to
manage a trade like this)

You can see that there are two FVG's that

present themselves, one being where
price is shown to be trading currently,
and one above range high

RaLEE
Bullish Trend Reversal 9 of 11

Exit Plan (4 of 5)

Volume Profile Targets

FRVP used in this case (up to where the

trade was entered) gives us a POC, and a
VAH, and VAL

Note how VAL offers confluence for an

entry (although focused on exits here)

VAH of the FRVP also aligns with the FVG

as a possible layer of confluence

RaLEE
Bullish Trend Reversal 10 of 11

Exit Plan (5 of 5)

Volume Profile Targets

VPSV

We don't get much intra range love from

the VPSV targets, but you can see that
within a HTF range, there is a Naked
Point of Control (nPOC) that is resting at
where said HTF range high could be

Now that we've covered RaLEE off, let's

take a look at how the trade played out

RaLEE
Bullish Trend Reversal 11 of 11

Trade Outcome

Fib Levels all hit

Market Structure Based Targets hit
FVG x 2 filled
nPOC hit

It can be amazing how these targets

play out, but of course it comes down
to psychology to manage the trade and
take sequential profits as we covered in
Module 1, Market Structure & Fibs

RaLEE
Bullish Trend Continuations
Bullish Trend Continuations

With Bullish Trade Continuations, these are

pretty simple now that we've covered all the
ground work up above

Let's say that you have your trade planned

out, but life gets in the way

When you return to your screen, you find

that your plan is playing out. That sucks, but
that's life.

The show doesn't have to be over though

If you feel a strong conviction when price is

trading at or around the mid range area, and
your logical targets haven't been hit yet, you
could use the Entry Fibs to wait for a
retracement, to your desired entry points,
targeting the range high, with planned,
sequential profit taking along the way
Bearish Trend Reversals
Bearish Trend Reversal 1 of 11

In this example, we see that we

can establish a range based on the
wicked swing low (Ra) on a 4H
chart

In this case, we focus on the

bearish case after a possible
bullish play to range high

RaLEE
Bearish Trend Reversal 2 of 11

Here we then see a Liquidity

Sweep (L), where liquidity is taken
to build positions in what we are
assuming or hoping to be the
other direction

RaLEE
Bearish Trend Reversal 3 of 11

Entry Plan (E) (1 of 3)

If you cast your mind back to

Module 1, we explored MSB's and
Trend Reversals

Nothing is perfect in trading,

but you can see that if we
superimpose Module 1's sketch
of a trend reversal, we can
actually see this in action and
playing out

RaLEE
Bearish Trend Reversal 4 of 11

Entry Plan (E) (2 of 3)

Continuing on with the Entry portion of

RaLEE, and different to the bullish trend
reversal, there is enough meat on the
bones to identify a MSB on the 4H chart

So, referring back to Module 1 again, we

have a Market Structure Break (MSB)

Yes, there are several set ups in this

image in terms of MSB, but let's focus on
a more HTF version for the sake of
educational purposes

RaLEE
Bearish Trend Reversal 5 of 11

Entry Plan (E) (3 of 3)

In this example, we use our Entry Fibs

(ICT Concept)

Anchored from the last bullish

candle prior to a sell off

We see price execute a MSB

(previous slide)

Finally followed by an Anchor Fib at

the swing low prior to the rally back
up

Price falls back into the Entry

Levels, in confluence with Range
Low

RaLEE
Bearish Trend Reversal 6 of 11

Exit Plan (1 of 5)

Let's say that you entered at the range

high, and Entry Levels per the previous
slide. What can be some logical and
sequential targets?

We just covered three potential types of

targets in the previous section of this
Module;
Market Structure Based
Fair Value Gaps
Volume Profile Based

RaLEE
Bullish Trend Reversal 7 of 11

Exit Plan (2 of 5)

Market Structure Based Exit Targets

In this example, we have a couple of

typical exit points to target:
Just below recent swing lows
where Stop Losses will be resting
from participants who are long
Below range low where we could
typically expect liquidity to
further be resting

RaLEE
Bearish Trend Reversal 8 of 11

Exit Plan (3 of 5)

Fair Value Gap

Remaining on the 4H chart, we can see

that there is a clear FVG that presents
itself, which also coincides with range
low

RaLEE
Bearish Trend Reversal 9 of 11

Exit Plan (4 of 5)

Volume Profile Targets

FRVP used in this case gives us a POC,

and a VAH, and VAL

Note how VAH offers confluence for an

entry (although focused on exits here)

VAL of the FRVP also aligns with the

Market Structure Based exit of some
sellside liquidity / stops nestled under
swing lows

RaLEE
Bearish Trend Reversal 10 of 11

Exit Plan (5 of 5)

Volume Profile Targets

VPSV

As this example is from May 2021, we can't

see VPSV this far back with Tradingview

Shown here is the very labour intensive

pulling of FRVP's to show what the VPSV
would show us

There isn't much from an FRVP dressed up

as VPSV in this example, but really this is
shared to show that you can manually FRVP/
VPSV as needed (or if you don't have
premium Tradingview)

RaLEE
Bearish Trend Reversal 11 of 11

Trade Outcome

Fib Levels all hit

Market Structure Based Targets hit
FVG x 1 filled

It can be amazing how these targets

play out, but of course it comes down
to psychology to manage the trade and
take sequential profits as we covered in
Module 1, Market Structure & Fibs

RaLEE
Bearish Trend Continuations
Bearish Trend Continuations

With Bearish Trade Continuations, these are

pretty simple now that we've covered all the
ground work up above

Refer to the Bullish Trade Continuation for

the setup and explanation. In this case
though, we don't see a clear entry for a
retest of mid range, so there is no clear
trade to take

This is perfectly fine though, we just simply

move on to the next trade whether it be
range based or different approach

As mentioned previously, trading isn't

always perfect, and this is a great example
of it
 Part 5

The Universal Approach

The Universal Approach

If you're still with me after all of the above, thanks for sticking around!

I do though have one more little tip to help with trading a range, and I call it the Universal Approach

The reason for this name is that you can literally take all that we've learnt in the above, and tailor it to your advantage in whatever
timeframe you want, from scalping through to swing trading

Read on, and we'll then close this module out

The Universal Approach 1 of 6

If I'm going to trade a previous

daily range as a day trader; (pull a
range fib from the previous daily
high to the previous daily low)

I find that the best timeframe to

trade this on is the 15M timeframe
as there is a nice balance to trade
on in terms of PA playing out

In this instance, we may find a

couple of trades to play based on
this previous daily range
The Universal Approach 2 of 6

You can see in the chart on the

right how, when the previous daily
range is extended, that we can see
some nice PA to be able to work
with

In trading with this approach,

we're going to get perhaps a
couple of trades in, where this
technique works well for
daytrading

Now, how about we extend this

logic to a lower timeframe?
The Universal Approach 3 of 6

From a logical perspective then, in a singular daily range, there are 1,440 minutes (we get this from 24 hrs in a day * 60
minutes in an hour);

If we prefer to manage our trades on the 15M chart, and we feel that there are a couple of opportunities based on this
timeframe each day, we can take the overall total minutes of the day and divide by 15 (the minute chart we prefer), to
determine an optimum selected range / timeframe managed ratio to trade on, which in this case we find:

1,440 (mins in the day) / 15 (minute chart we use) = 96

(as a ratio from selected range to timeframe managed on)

So if we've now got an ideal ratio, and we like trading this technique, AND we know that price is fractal, then why don't we take
this one step further in the same ratio as a day trade, but tailored to scalping perhaps, or even swing trading?
The Universal Approach 4 of 6

Scalping:
So let's take a look at a scalp trade, using a Timeframe Base Fib (similar to our prev daily range), but let's do some maths first:

If we want to work from the 3min chart as a preferred scalping timeframe, and we know that our newly determined preferred
trade timeframe to range pulling ratio exists in the form of a factor of 96, then:

3 * 96 = 288 minutes, or 288/60 = 4.8 hours (but let's round this down to the 4H chart)

Therefore, based on what we've worked out in the previous slide, then if we were to use a range based approach where we pull
a fib range from the low of a previous candle to the high of it, then the ideal timeframe to establish this range from is the
rounded down 4H chart (as the 4.8H chart or 5H chart isn't commonly used, but certianly can be)

So you would pull a range from the previous 4H candle, low to high, and then execute scalping trades on the 3min
timeframe based on this approach

Example given in the next slide:

The Universal Approach 5 of 6

In this example, we've pulled a

range from the swing high to the
swing low of the previous 4H
candle

If we adopt our ratio for a

Timeframe Based Range, then we
could aim for the 3Min chart to
scalp (as covered in the previous
slide)
The Universal Approach 6 of 6

We have the drilled down 3min chart to the

right, where you will see two ranges.

The range on the left is the high and low of

the previous 4H chart

The second range to the right is the

extension to this

Ask yourself, based on all that we've

covered now, if there is a trade to take
here

If the set up presents itself, then you're

away, and you can also by now see that
price is truly fractal in nature, where we
can use this whole courses teachings on
any timeframe, with a structured, logical
approach
Self Learning

There is so much to absorb in this Module, that it will probably take a couple of readings to get through. But just keep at it, it will become
apparent soon enough

We'll cover this whole Module on Youtube, so we can walk through it together

As a recap, go and practice step by step per the order of this Module:

How to set up a range

The concepts of supply, demand, and liquidity

Range based targets, including:

Liquidity
FVG's
Volume Profile Targets

Range Based Setups, including:

Bullish & Bearish Reversals
Bullish & Bearish Trend Continuations

The Universal Approach (and protract the ratio forward where you can work out different timeframes for different trading styles)
Conclusion

Wow...and holy $hi*. I never, ever thought that I'd create a trading course, let alone a Module that is 91 pages in length.

I do truly want to thank everyone for their support, 13k audience members on Twitter now, 2.2k subs on Youtube, and 3.5k subs on Telegram too
It's truly a privilege to be able to share my learnings and approach with you all. Like I say, I'm no guru, god, or master - I'm learning everyday too
Let's keep at it together though, and if you did find this content of value, please feel free to share it on the socials.

Still to go in this course:

Market Structure & Fibonacci

Orderblocks

Value Area Trading

Ranges, Liquidity, & Targets

Trade Management & Psychology

Putting it all together

Contact

Twitter @MINDSET_BTC

Telegram T.ME/MINDSET_BTC

Youtube https://www.youtube.com/c/MindsetBTC