V75 unlimited strategy 1
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V75
STRATEGY
B Y S T R E E T B A L L Y
Author-Streetbally
Finally! I have taken time to write my first trading book. I am so excited to be
sharing this knowledge with you. Thank you for being part of the first squad to
get this book. Reflecting on my journey, I use to be an anti-indicator trader.
The reason was simply because "Someone" told me indicators are for weak
traders, those traders who do not understand price action. Why am I
mentioning this? Here are three (3) reasons why.
Unlearn
Trading is about learning new skills, patterns, instruments etc. However, it is
also about unlearning. You must unlearn certain techniques, certain ways to
managing trades and certain beliefs about what works and doesn't. This brings
me to the second point I want to make.
Be open to change.
It's okay to change certain aspects about your trading if it is no longer working
for you. Always want to make your strategy better. Be patient and master your
craft.
Do not just take anything
Information on the internet is increasing daily but it is important to filter out
and back test to see what works out for you.
Come On! We are all trading to make money.
Let me ask you a question and be honest with yourself. Would you continue
trading if there was no money to be made but it is just for the "love" of
trading? This question should answer your "Why trading?"
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Author-Streetbally
Before I derail too much, the point I am making here is, use whatever works for
you, whether it is indicators, naked price charts or whatever. The end-goal is to
make money anyways.
Before diving into the strategy, make up your mind to use this information to
better yourself.
PLEASE NOTE- This Strategy works WONDERS on Jump 75 too.
Disclaimer: Trading is risky and may result in the loss of your capital. The
content I offer does not include financial advice, guidance, or
recommendations to take, or not to take, any trades, investments, or decisions
in relation to any matter. I shall not be responsible for any losses.
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INTRODUCTION
What moves Volatility 75 Index
"Synthetic indices are unique indices that mimic real-world market movement
but with a twist — they are not affected by real-world events. These indices
are based on a cryptographically secure random number generator that’s
audited by an independent third party to ensure that they cannot be
manipulated or tampered. Synthetic indices have constant volatility and are
free of market and liquidity risks."(Deriv)
Volatility 75 index is part of these Synthetic Indices discussed above.
Timeframes used
We use H1 and M15. We use H1 to identify the crossover and key areas. We
can use M15 to identify the rejection for entry (This is for risk entry). For
conservative traders, use H1 as confirmation.
This is the most exciting statement I am about to type. Ready!?...
It also works on M5 and M15 Independently. You can use the same timeframes
to get your entry. Meaning, it can also be used to scalp. I mean who doesn’t
love to make money quick, in and out! So, keep this in mind!
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Author-Streetbally
Sessions to trade
You are going to love me for what I’m about to say. You can trade Volatility 75
index during all sessions (New York, London, and Tokyo). Whether you just
woke up from your sleep and you spot a trade!
You can trade this index 24/7, including weekends and holidays. All sessions.
Characteristic behaviour
Very Simple! - It is a trendy market. Meaning that most of the time, it is
creating higher highs, higher lows, lower highs, and lower lows.
In other terms, it moves in impulses and corrections.
Understanding this concept is very important because we will take advantage
of it, you will see later.
A trend is the general direction of a market price or asset. An uptrend is marked
by data growth points such as higher highs and higher swing lows. Downtrends
are indicated by falling data points such as lower swing lows and lower swing
highs. Many traders choose to trade in the direction of a trend to benefit from
the continuation of the trend. Price actions, trendlines, and technical indicators
are all tools that can help you identify trends and alert you when reversals occur.
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This is a clear representation of what I mean.
You get what I mean, right? Let’s move on to some serious stuff…
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MAIN STRATEGY
So, what do we need to apply this strategy?
Moving averages
We use 2 moving averages. Both are exponential. The settings are 14 and 21.
Fractals
This indicator will make identifying swing points easy. However, it is not
important if you will be objective when identifying your swing points.
Horizontal lines
This tool is simply for identifying your key zones.
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Author-Streetbally
Clear Mind (lol)- But like seriously, you might as well stop reading this
book if you will trade with emotions.
Let us approach this strategy is a stepwise fashion…
Step 1
After you have successfully added your 2 moving averages. Wait for a
crossover of the 2 indicators.
What does a crossover of 2 moving averages mean?
If the moving averages cross over, it could signal that the trend is about to
change soon, thereby giving you the chance to get a better entry.
We use the crossover to get the direction and not as an entry signal!!!
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Author-Streetbally
Step 2
Using the above attached picture as example, the crossover signals a
downtrend. Therefore, we now look for selling opportunities.
What can we use to achieve this?
Moving Average Retest
Demand and Supply Zones
Break and Retests
NOTE: Moving average retest must always be part of the confluence. Meaning
you must wait for the indicator retest plus the other methods mentioned.
Let us check out this break and retest example…
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An example of Supply Zone....
Below is a combination of both methods…...
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Step 3
Now price is at our key area, how do we confirm our entry?
We use rejection candles and engulfing to get our sniper entries.
Step 4
After you have placed your order, set Stop loss, and Take profit.
SL is placed few pips below or above your entry candle.
There are 3 ways we use to take profits.
Next low.
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However sometimes price decides to continue massively after reaching
our TP area so we can trail our SL. How do we do this?
The previous candle’s low or high is used as the trailing SL area. (This
method works like bomb especially When scalping on M5)
Here is a picture to better show what I mean….
As you can see in this scalping M5 example above…
Price is above the moving averages.
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Came back to test out the support area
Gave a bullish candle
Reached the first TP (next high)
Then we trailed it all the way up.
Number of Positions/Lot size
Vix75 has high pip value so manage your capital responsibly. If your account is
less than $100, Open 1 position.
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How do these trades become invalidated?
If price, crosses over in the opposite direction without giving you an entry.
Or if price just passes your key area without a rejection.
As you can see in the picture above, we were expecting price to give rejection
on the support but instead it crossover in the opposite direction and passed
the support.
“Don't ever make the mistake of believing that market success has to
come to you fast. Trade small, stay in the game, persist, and eventually,
you'll reach a satisfying level of proficiency.”
― Yvan Byeajee, Paradigm Shift: How to cultivate equanimity in the face of
market uncertainty
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