ELEV®@ COURSE PDFDisclaimer The contents of this PDF course is copyrighted by Elev8 Trading. Any attempt to re-distribute, including but not limited to; screenshotting, recreating, sending to anyone not in the group, will result in an immediate ban and legal action will be taken. Thank you. ELEV®Contents Introduction The Elev8 Trading Strategy. Structure Bullish vs Bearish Structure. Breaks of Structure. Supply & Demand What is Supply and Demand. What Makes A Good Supply or Demand Level What Makes A Good Supply or Demand Level P.2. Supply and Demand Chains. Supply and Demand Refinements. Liquidity Types of Liquidity. Types of Liquidity P.2. Liquidity Sweeps. Weak Highs & Lows Weak Highs & Lows. Premium & Discount Premium vs Discount. Premium vs Discount Settings. Momentum Momentum. Entries Entry Models. Entry Examples. Change of Character Inside Bars. Trade Management How We Manage Trades. Putting It Together Trading Plan. Full Trade Walkthrough. Full Trade Walkthrough P.2 ELEV® 04 05 06 07 08 09 10 12 13 14 16 17 19 20 21 22 23 24 25 26The Elev8 Trading Strategy We trade Supply and Demand concepts, using multi-time frame analysis to help us identify where we think the market could move from. The Basics Explained * Top down analysis: Working from the Weekly time frame we move down to the Daily, then the 4H and lastly the 15m. The reason for this is that the market is fractal. All of the rules we trade on the lower time frames (15m, 4H) also apply to the higher time frames (Daily, Weekly), for example if price taps into a Daily Supply zone and immediately reverses 50 pips, if we are only looking at the 15m analysis we'd be confused as to why this has happened. If we factor in all of the time frames we are able to paint a clear picture and keeps us well informed of whats happening. Pairs: This strategy is proven to work with all pairs, indicies and crypto. On some pairs the results may be better than others and you'll find that each pair will behave slightly differently, so make sure to backtest your pair thoroughly. The three pairs we personally recommend is EUR/USD, GBP/USD and AUD/USD. Picking between 1-3 pairs is ideal as even one pair will provide enough oppourtunity in a month Trading Plan: To be a professional trader, having a solid trading plan is the foundation to ones success. Your trading plan will consist of your rules, how you analyse the market, how you enter trades and trade management. All of which you will learn in this course. ELEV@ 4Bullish vs Bearish Structure Bullish means price is moving to the upside. Bearish means price is moving to the downside. We mark bullish and bearish structure by identifying Highs and Lows to see if price is making Higher Highs (HH), Higher Lows (HL), Lower Highs (LH) or Lower Lows (LL). These are also known as swing points. A swing point isnt confirmed until we see a Break of Structure which will tell us if one of these (e.g HH) has been created. Bullish Bearish *BOS confirms HL *BOS confirms LH Live ExamplesBreaks of Structure Mapping market structure is at the core of our strategy. It helps to determine the directional bias of the market and decides whether our trade is pro trend or counter, where price is likely to head next, where it's likely to retrace to and much more. Swing points are marked up using the lowest/highest point before the recent break of structure. Once this swing point breaks we have a BOS. * When mapping market structure we class a body close above/below a previous swing point to be a break of structure. ¢ We have a set rule on whether a pullback is classed as new structure; © 13 pips for the 15m time frame. © 40 pips for the 4H time frame. © 100 pips for the Daily time frame. * We don't use/map internal structure, only swing structure. Internal pricing is navigated using supply and demand levels. Bullish BOS ‘Swing Point Live Examples Using 4H Time Frame pa 4 i. \/ a i a ELEV® 6What Is Supply & Demand Supply and demand is the interaction between sellers and buyers. As price increases, the demand is higher than the supply and people are willing to pay more for the asset and vice versa when price decreases. The entire market is made up of supply and demand. Everything you see in front of you. Asupply candle is a buy to sell range and a demand candle is a sell to buy range. These ranges are fractal so can be viewed on any time frame and are made up of smaller ranges inside. Generally we look to sell from supply and buy from demand as we know these are the areas that price gravitates towards (to fill orders) before moving in our direction. Supply Range On 4H (single candle) Same Supply Range On 15m (multiple) hy hy i | NaclA a) “ill oe ) Wh ‘| Demand Range On 4H (single candle) Same Demand Range On 15m (multiple) Wr |, ! my bh hy \iaw ELEV® 7What Makes A Good Supply or Demand Level Not all supply and demand levels are equal. Trading from every supply and demand wouldn't make sense as the whole market is made of these levels. So which ones do we pick and how do we identify those? It Breaks Structure Agood supply or demand level that we want to trade from breaks some form of internal or external structure. It doesn't have to be swing structure. If it doesn't break structure then it shows a lack of conviction from that level. Li I It Flips Another Level Of S or D For sells we want to see that supply is overpowering demand and is in control. For buys we want to see that demand is overpowering supply and is in control. That's why we like to see a good supply and demand level flip another level. A flip occurs when there's interaction between buyers and sellers in the form of a pullback, followed by the failure of that level (breaking above/below it). “il “|It Sweeps Liquidity A supply or demand that sweeps liquidity is a great confluence as it shows that there's BFI activity around that level. Also the sweep ‘in theory’ is protected as orders were placed at that level and took out orders from below (the sweep) so price doesn't need to trade below to collect more orders. There's Inducement Inducement gives price a 'reason' to want to trade to a certain supply or demand level. Liquidity is resting below every high and low due to this being the place where the most retail stop losses are place. If there's a low/high that's resting above/below a supply or demand level we call that inducement. The supply marked below has Inducement below, so is a great place to look for sells from. ELEV® 9Supply and Demand Chains Supply and demand chains are formed when a level of demand holds, followed by the newly formed demand level also holding and so on. Spotting these chains is a good way to see where price could trade from next as it shows there's orders resting near that level and the level is somewhat protected. Below is an example of a demand chain in action. This one is formed from the extreme demand level. Supply and demand chains can also be formed through a flip zone. Such as in the example below. ELEV@ 10Supply and Demand Refinements Sometimes a supply or demand zone is larger than we want, which means that if we were to looks for an entry in the huge range, it's possible we could take a few losses before getting the entry we want. That's why we refine levels. Refinements can be made to a single candle or a range of candles. Be careful not to over refine as price can tap into the range and shoot off, without tapping into your single refined candle. This is also why we don't refine any lower than the 15m time frame. We can also look for the last engulfed candle to refine to, that's above the 15m time frame. For example if we have a 4H supply we want to refine down, we look on the 15m to see if the last candle is engulfed, if not we can go through higher time frames, such as 30m, 1H, etc. to find the last engulfed candle. If there is none then we can mark the buy to sell or sell to buy range. Let's take this4H demand Wrong refinement Correct refinement candle for example (not engulfed) 15m (engulfed) 30m Another simple refinement that can be done is refining from the last sell candle to the last buy candle and vice versa. The only time | recommend to do this is if the buy candle came lower than the sell (for demand) or the sell candle came higher than the buy (for supply) From this: To this: 11Types of Liquidity The term ‘Liquidity’ refers to how quickly an asset can be bought or sold. More liquidity means there is a high level of trading activity. An illiquid market is when there is a low number of trading activity. Liqudity is what moves the market. We know that price gravitates towards areas of resting liquidity in the form of orders (buy orders and stop losses) so use this to our advantage. There are three main types of liquidity we refer to: Equal Highs/Lows Equal highs and lows are highly liquid areas as they are often used in retail trading and refered to as ‘double tops and double bottoms’. They are seen as safer areas to place stop losses, which is why price gravitates towards and targets them. We often use these as a confluence for price to move in a certain direction, or as a warning that price could be trading lower/higher than our supply or demand level. Trendline Liquidity Trendline liquidity is built through corrective price action. For example you'll often notice that in a bearish market, price will retrace correctively a lot slower, which is building trendline liquidity for price to take out once the retracement is complete. Inducement Liquidity is found above EVERY high and low in the market. When the high or low is directly above a supply or demand zone we call that inducement. This is where retail traders place stop losses thinking that price won't break below this level. ELEV@ 12Liquidity Sweeps A liqudity sweep is where price wicks or trades above/below a previous high/low, in order to liquidate positions and generate more liquidity. The general rule of thumb is to trade away from liquidity sweeps as price often moves in the Opposite direction to the sweep after taking the liquidity required. In this example price begins to trade down, breaking structure, then comes back to sweep the previous high which fuels the move to the down side. T | In the example below price creates equal lows, then moves up. It then comes back, sweeps the EQL's with a single push in and out, then trades higher. Mo WA it yr | i ELEV@ 14Weak Highs and Lows Aweak high/low is a level that fails to put in a new low/high. We generally trade towards weak levels in line with EOF (expectational order flow) as we're expecting price to take them out. Once price fails to create a new break in the opposite direction the weak level becomes targeted. Fails to create a new high Falls to create anew high Fails to create a new high Low becomes weak YU Low becomes weak | Ay. low seonciwek 15Premium vs Discount We use a premium discount tool to identify where price is within a structure leg. When price is in premium it is 'expensive' therefore its a good place to sell. When price is in discount it's 'cheap' and a good place to buy. This is a useful confluence when choosing supply and demand levels to mark up, for example the supplys in premium are much more likely to hold/follow through than those in discount. When price is retracing it often reaches at least the equilibrium (EQ) of the structure range which is the middle of premium/discount and is at an equal level of expensive vs cheap. Supply in premium | Demand in discount When price is retracing it often reaches at least the equilibrium (EQ) of the structure range which is the middle of premium/discount and is at an equal level of expensive vs cheap. | ¢— Retrace to EQ of | the range i | ELEV@ 16Premium vs Discount Settings Below are the settings we use on Trading View for the premium/discount tool. This can be done using the Gann Box tool or Fibonacci tool. Style Coordinates Visibility ° ° ° 0 a 1 ° ° Left Labels Right Labels Background ¢ 2 ELEV® 7Momentum Momentum is the time price took to move in a direction. We use it as confluence to decide where price will likely be heading next. When a price is moving with low momentum it's also generating liquidity which becomes the target for future moves. Bare in mind that market hours can affect momentum as there's less volume outside the London and New York sessions. For example below price took 1 hour to move down the 6 hours to retrace. This tells us that we're most likely going to carry on bearish after the retracement is complete. Another example below y 18Entry Models We use the 15m time frame for entries. A lot of smart money groups use the 1m but we've found that it adds a lot of discretion and room for error. Keeping it simple and sticking to the 15m provides consistency and a much higher win rate, meaning we can risk more per trade. Once the alert goes off at the supply or demand level we're looking to enter on, we go to the 15m and mark up the nearest choch (explained on page 21) high and low and set alerts at both. If the choch happens then we look to enter. If the other side breaks and moves further into the supply or demand level then we mark the next high/low that was just created and set an alert again and wait. This continues until we either get a choch or the supply or demand fails. In the example below we can see that the choch has happened. Then we move on to the next part of the entry: | lay There's now only two options, if there's a sweep of liquidity before the choch then we enter at the wick of the sweep (example on next page), covering the low or high by 1 pip. In this case there's no sweep so we enter at 50% of the extreme candle (the candle that is the lowest before the choch). The reason for entering at 50% is that price often likes to mitigate the EQ and it gives us a reasonable stop loss. i \ ye aE \ ELEV@ 19Entry Examples The sweep entry is a little more complex. In this model we're looking for a sweep of the high of a reaction point. The reaction high is the high of a candle thats created after tapping into a demand. Price must then pullback, then sweep the high of the candle, all before the choch happens. It may be easier to understand this through the video course, but here's a couple of examples: retest ign | Me -——- © I ml Entryon see wick ELEV@ 20Change of Character (choch) Achoch is shortened term for Change of Character which is a switch in price direction and the first indication that the trend is changing. It's not the same as a BOS or a Swing BOS, a choch (almost always) comes first. We use the choch as our main entry method to confirm that price is switching direction at our POI (Point of Interest). For a choch to happen we first need to have a pullback where 2 candles don't trade at new highs/lows. After the pullback we need to see a break of the new high/low thats created, followed by the low/high that created the other break. Example: There's no choch here as all candles traded at new highs and there's no inside bar that gets taken. hy Example: There is a choch here as price has pulled back, taken the high, then taken the low ELEV@ 21Inside Bars An inside bar is a candlestick that fails to break the high or low of the previous candle. It's classed as a range on a lower time frame. We use inside bars in our entries, if they appear when marking up our change of character. This is where the low or high of the inside bar gets broken, then the other end of the inside bar get broken in the same move. We use an inside bar indicator to make spotting them easier called Inside Bar v2 which is available on Trading View. See examples below. The inside bar indicator is set to white here: 4 | | i i Tia La! Indicators & Strategies x inside bar v2 YY Favorites © iy seit 1 Insie Bar v2 sbo.matin.zul.. 206 4 Bult-ns 1 Inside Bar v2 sbd.eatin.zul. 207 no ELEV@ 22How We Manage Trades Trade management is an important aspect of our strategy. Before entering a trade its essential to know where you will be taking profits and when you'll move your SL to break even, otherwise the lack of consistency will affect your statistical edge and overall profitablilty. The methods outlined below have been tried and tested across numerous pairs and multiple months of trading/backtesting. Proft Targets Pro trend: Take partials at 10R (I take 50%) and leave the rest to run to the nearest 15m swing high/low. Counter trend: Full TP at 5R, no exceptions. Counter trend trades have a higher chance of reversal which is why we close the trade early here. Break Even Pro trend: Move SL to break even at 5R. Price often comes back to retest the entry SD which is why it's important to leave it open until at least 5R. If it reaches 4R and comes back to your entry, don't panic. Stick to the plan always. Counter trend: No break even here. The trade will either hit TP or SL. Of course as we become more experienced these rules may change but for now they are poviding consistent results and work well. ELEV@ 23Trading Plan Below is my trading plan which includes my rules for engagement. The only discretion is with the HTF analysis. The entries are simple so when my POI gets tapped | know exactly what to look for every time. It's important that your trading plan works for you which is why | recommend making your own adjustments. Plan Pairs: EU, GU & AU Hours: 7AM - 39M. No orders outside this Risk: 1% Max Hits: 2 per day, If price tape the apen and moves away breaking multiple structures delete the order. Analysis ‘Morning Wake up 630am and do normal HTF analysis for each pair. Set alerts at the areas of interest. Afternoon: ‘At11:30am do a review of each pair to see what's changed. ready for the afternoon. Entries 15m choch at aPO1 Inside bars count as a choch, If the descisional swept a reaction point enter there. If no sweep use the extreme. If using an extreme SD use 50% always. If using a sweep enter at the open of the wick that swept. Cover highs and lows both by 1 pip. If price comes into @ HTF demand/supply or session hours end delete the order. Or ifit taps into the open and moves away breaking substructure re-confirm if price comes back to the entry SD. Management Move SL to BE at 5R Pro trend: 50% partial at 10K. Full target the low/high of the 15m range Counter trend: Full TP at SR Only scale in pro trend once partials are taken Goals 2022 Max out FTMO and MFF funding Build personal account ELeve ELEV@ 24Full Trade Walkthrough Here's an example of the full Elev8 Trading process from start to finish. * We start off with top down analysis marking structure on the Daily time frame. We can see that price is heavily bearish and past the swing low. Also currently there's a retracement beginning. ¢ Then we mark on the premium/discount tool to see where exactly we are within the current swing leg. * Then add in any supply or demand zones that look good to trade from. Daily I Next is the 4H time frame where we do the exact same thing. ¢ Any Daily supply zones can be refined down now to the 4H. * There has been a 4H choch so we mark that up as well as the demand at the extreme. \ " 4H ELEV@ 25Next we move further down the time frames onto the 15m. Marking the same things, structure, P/D, SD levels that sweep/have inducement etc. Then we can also further refine the 4H or Daily levels. Here we can see that price is currently outside our 15m leg and is bullish. Since the high of the range has broken we can start to look for a pullback from one of the supply levels we've marked and short lower into the leg, as we know price pulls back to at least the EQ of the range most of the time. 15m As price is currently inside a supply level and within our trading hours we can look for an entry using our entry model. Zooming in we can see we've had a choch on the 15m. As there's no sweep we place our order at 50% of the extreme candle. TP is set at 5R as we're counter trend to the 15m bias. Entry Model Tagged In, TP Hit ELEV@ 26