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CRT course part 6 CRT with LTF + HTF 1080p
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CRT course part 6 CRT with LTF + HTF 1080p

Confirmation Techniques in Trading

Understanding CRT within Different Time Frames

  • A lower time frame CRT (Candle Range Technique) within a higher time frame CRT represents a high probability trading scenario. Begin by analyzing the higher time frame, such as the 4-hour chart, to identify key levels.
  • Transition to a lower time frame, like the 1-hour chart, and draw the CRT based on the candle that interacted with the higher time frame's critical range. This setup is crucial for identifying significant highs and lows in price action.
  • The example illustrates how a key level on the 4-hour chart corresponds with a respected 1-hour CRT. Recognizing where these ranges overlap is essential for effective trading strategies.
  • Understanding that the 1-hour CR high and low are formed within the context of the 4-hour CRT is vital. This knowledge aids traders in pinpointing key market movements.
  • Price movement can lead to substantial gains; for instance, an observed rally resulted in over 150 points in NASDAQ. Familiarity with this setup enhances trading success.

Entry Strategies Based on Time Frame Alignment

  • When utilizing CRT from different time frames, align your entry points accordingly:
  • Monthly chart CRT requires daily chart entries.
  • Daily chart CRT necessitates entries from a 1-hour chart.
  • For a 4-hour chart, use a 15-minute entry strategy.
  • If drawing CRT on an hourly basis, execute trades on either a 5-minute or even a 1-minute timeframe. Misalignment between drawing and executing can lead to losses; proper alignment is crucial for success.

High Probability Trading Times

  • Specific "magic numbers" exist for various markets:
  • Forex: Key times include 1:00 AM, 5:00 AM, 9:00 AM, 1:00 PM, 5:00 PM, and 9:00 PM.
  • Futures have their own set of important times including 2:00 AM, 6:00 AM, 10:00 AM, etc., which should be monitored closely during trading sessions.
  • Notable days for high probability setups include Mondays and Fridays, particularly focusing on specific times mentioned earlier. These patterns can significantly influence trading outcomes throughout the week.