Getting started, how I mark my levels from the fractal. — Transcript

Cabbage explains how to mark daily trading levels using fractal analysis, focusing on pivotal areas and open state targets for intraday trading.

Key Takeaways

Marking multiple fractal levels daily is crucial for identifying pivotal intraday zones and potential reversals.
Wave 105 and wave 160 vectors serve as key pivot points for bullish or bearish momentum.
Open state targets are significant for spotting reversal setups and have a high chance to be reached.
Close proximity of levels should not be ignored as it creates stronger confluence areas.
This method supports a scalping continuation strategy with a focus on key price levels rather than constant trading.

Summary

Cabbage introduces the concept of marking daily trading levels using fractal analysis, starting with pivotal areas important for retests and momentum.
The wave 105 vector is the first key level marked, serving as an intraday pivotal area with guaranteed transition potential.
The wave 160 vector is identified as a true day pivot, signaling bullish or bearish momentum depending on price holding above or below it.
Multiple open state targets are marked for the wave 10-15 minute timeframe, which are significant for reversal setups and double top formations.
The video emphasizes the importance of marking levels even if they are close together, as this creates confluence zones.
Cabbage explains how open state targets have a high probability (99%) to close, though timing is uncertain.
Downside targets and outliers are also marked to prepare for bearish scenarios and potential price drops.
The fractal graph levels are updated daily and can change, but the marking process remains consistent.
The strategy is described as a scalping continuation model, focusing on key levels for intraday trading rather than constant market presence.
Future videos will cover how to derive bias from these levels and further trading strategies.

Chapters

Full Transcript — Download SRT & Markdown

Speaker A

Yo, what's up guys? It's Cabbage, and today we're going to be going over how I get my levels every single day and why I mark them. So, we're going to be beginning with our pivotal area. This area is key because this is where I look for retests into the open and see how they maintain 30 minutes before. But we'll get into that after we chart out these levels.

Speaker A

look for retests into to open and see how they maintain 30 minutes before but we'll get into that after we chart out these levels so the first level you're going to want to Mark is the wave 105 Vector which will be demonstrated by

Speaker A

So, the first level you're going to want to mark is the wave 105 vector, which will be demonstrated by this box right here. It says 49141, so we're going to go ahead and mark that on our chart. Apologies for the screen of the fractal being so glitchy. It's currently all that I can do. It will be better when the fractal servers come out later this week.

Speaker A

servers come out this later this week so now that we have our lines we're going to chart out 491 41 491 41 make sure to Mark these because each of these serve their own purpose we 10 15 vector

Speaker A

So now that we have our lines, we're going to chart out 49141. 49141. Make sure to mark these because each of these serve their own purpose. We 10 15 vector. The way I just marked that level was so tough. Anyways, after that, first of all, what this means is this is an intraday pivotal area. Typically, this will become the wave 105 pivot into open if not tested or not held above, SLB below, because the wave 105 intraday time frame is actually guaranteed a transition intraday, which is a very nice aspect.

Speaker A

held above SLB below because the wave 105 intraday time frame is actually guaranteed a transition intraday which is a very nice aspect um so we're going to use this as one of our true day pivot zones next what we're going to want to

Speaker A

So, we're going to use this as one of our true day pivot zones. Next, what we're going to want to do is we're going to want to head over to, actually, oh well, we're marking out our pivotal areas, so we're going to want to head to our wave 160, and this will be our true day pivot because if you notice, the wave 1 crosses the pivot and transitions a lot.

Speaker A

notice the wave 1 crosses the pivot and transitions a lot and because of this we can use this wave 160 Vector as a true transitioning point so if it's held above we can most likely expect bullish momentum if it's held below bearish

Speaker A

And because of this, we can use this wave 160 vector as a true transitioning point. So, if it's held above, we can most likely expect bullish momentum. If it's held below, bearish momentum. It's very simple. So, we're going to mark out 49179. Even though it's very close to the wave 1015 vector, it doesn't matter because each point is a certain point of interest for a reason, and you shouldn't not mark out things because they're so close together. If anything, that's more of a confluence.

Speaker A

shouldn't not Mark out things because they're so close together if anything that's more of a Confluence so uh 49179 49179 wave 1 60 vector so now that we have two pivots our last one oh Jesus Christ um our last one will be the

Speaker A

So, 49179, 49179 wave 160 vector. So now that we have two pivots, our last one, oh Jesus Christ, our last one will be the overnight PML, which I'll go over in the last part of this video because I'll have to switch my screens and yeah.

Speaker A

our open State targets so uh as you can see we have two open State targets and a further one up uh being okay chill out okay chill out 49326 493 66 496 62 and that will be our upside targets for wave 1015 and that

Speaker A

So now we're going to head back over to the wave 10 15 minute here. The point of this graph is going to be marking out our open state targets. So, as you can see, we have two open state targets and a further one up, being okay, chill out, okay, chill out, 49326, 49366, 49662, and that will be our upside targets for wave 1015, and that will be maintaining above 49141 into open.

Speaker A

490 our 493 66 open State Target so 493 66 now you may be wondering why these open say targets first of all we we really like to mark down these wave 10 15 minute because they are significant for reversal setups and second of all

Speaker A

So, we're going to go mark those down. Going to copy our open state target from over here, and we're going to mark down first our 49326, 49326 OS target. Then we're going to mark down our 49366 open state target. So, 49366.

Speaker A

rejection because of uh because of this double top over here and same goes with this 496 62 which we're about to Mark out because this could be a potential area for a double top and and that's why it's significant

Speaker A

Now, you may be wondering why these open state targets. First of all, we really like to mark down these wave 10 15 minute because they are significant for reversal setups. And second of all, you notice this high right here. The point of a fractal graph is to capture patterns.

Speaker A

a lot of you have been expressing to me how far quote our open targets sometimes are and that's not what matters when we're looking at the fractal graphs what matters is that we know that open State targets have a 99% chance to close we

Speaker A

So, recognizing that we could receive a double top here, a rejection would be, you know, this would be a higher area of rejection because of this double top over here. And same goes with this 49662, which we're about to mark out because this could be a potential area for a double top, and that's why it's significant.

Speaker A

targets so 48325 48325 let me make sure that's right that's right 48325 we're going to do a time time frame by time frame step bystep analysis on what can happen tomorrow and what to expect so now we're going to mark down

Speaker A

So, 49662, that's the next target we're going to mark out. 49662. So now we're going to go ahead and mark down our downwards targets, which is kind of far, but that's not really our concern.

Speaker A

happen for exp expectancy on our charts so in a bullish scenario we will maintain Above This 491-4141 79 area to see our 49326 area breaking through that double top high we will see 496 62 and then we will add more targets to

Speaker A

A lot of you have been expressing to me how far, quote, our open targets sometimes are, and that's not what matters when we're looking at the fractal graphs. What matters is that we know that open state targets have a 99% chance to close. We don't know when they'll close, but they will close.

Speaker A

maintenance below 47736 and outlier 471 81 and 471 39 okay so now we're going to move over to our Wave 1 60 Minute time frame nice like what give us a second to [Music] load so we see we have a lot more open

Speaker A

So, we mark them down anyways, and we mark them down every day. Note that this graph could change, could change tomorrow, but we will still be marking down these targets. So, 48325, 48325. Let me make sure that's right. That's right, 48325.

Speaker A

have a couple 4 94s 496 498 so 494 is an area that we will be looking for we're not looking for 496 so 494 62 because that is within a dollar range of our last open State Target 494

Speaker A

We're going to do a time frame by time frame, step-by-step analysis on what can happen tomorrow and what to expect. So now we're going to mark down our 47736 open state target, 47736. Now 471, 47181, and 479 or 4713980.

Speaker A

in the past so we need to watch that just more Confluence so than open State Target is there and 504 504 let's get this graph to reload maybe okay 50448 and this will be true outlier okay now we're going to look for

Speaker A

81, 47181, 39. Okay, so this is our current pivotal area and targets for our wave 1015. Here's exactly what can happen for expectancy on our charts. So, in a bullish scenario, we will maintain above this 49141, 4179 area to see our 49326 area breaking through that double top high.

Speaker A

single line serves their own purpose and this is a scalping strategy for a continuation model so this is uh you know like it's not supposed to be something where you're constantly um going to be in a position this will be more so in and out if

Speaker A

We will see 49662, and then we will add more targets to see further upside. To the downside, we will need to see a bearish maintenance below our wave 1050 vector and wave 160 vector, which is this area right here, same areas I just talked about.

Speaker A

seven 4877 going to go ahead and change all my Vector colors real quick as pivotal zones and this is essentially what my chart will look like I'm now going to take a look at the open State targets and see if they're any

Speaker A

Seeing first 4325, see that maintenance below 47736, and outlier 47181 and 47139. Okay, so now we're going to move over to our wave 160 minute time frame. Nice, like, what, give us a second to load.

Speaker A

to Discord we're going to head to rcg Mo spot commands and we're going to enter exclamation point mm QQQ so we're going to take this and we're going to look at the top right and see current that will be our

Speaker A

So, we see we have a lot more open state targets on this one, but here I'm not looking for any areas that are within dollar range to my wave 105 open state targets. So, the first range I'll be looking for is 492. Doesn't look like we have any, but we have a couple 494s, 496, 498.

Speaker A

16 Vector you'll notice that as time goes on that these have a lot of similarity so now we're going to make this red now we're going to do a quick analysis on the mark maker data so it looks like we have a still

Speaker A

So, 494 is an area that we will be looking for. We're not looking for 496, so 49462 because that is within a dollar range of our last open state target, 49462. Nice. Now 498 to 21, and finally we're going to take one from over here.

Speaker A

overnight is going to affect my bias a little bit because I know that we had excuse me a little bit of a dump let me take a look at that chart now um so yeah we did have an overnight gap

Speaker A

So, 512, let's look at the past. 512 will do for this, and 504. So, 512 and 504. 500 has been a psychological level in the past, so we need to watch that just more confluence. So, then open state target is there, and 504, 504.

Speaker A

so that we can test into those pivotal areas and still watch our ceiling and floor revises so but I'll go over how to get a bias based off our levels and that will be in another video so until then this is how I get my

Speaker A

Let's get this graph to reload maybe. Okay, 50448, and this will be true outlier. Okay, now we're going to look for downside. Okay, so our 48872 will be our first target, 48552, and we're going to look for one around 480, 47999.

Speaker A

dictate the next move for the hourly closes and that's just how I accustom myself so um if you guys have any questions let me know but that's it for this one thanks for watching

Topics:fractal analysistrading levelsintraday pivotwave 105 vectorwave 160 vectoropen state targetsscalping strategyprice levelstrading confluencetechnical analysis

Frequently Asked Questions

Why is it important to mark multiple levels even if they are close together?

Marking levels close together is important because it creates confluence zones, which strengthen the significance of those price areas and improve trading decisions.

What makes the wave 105 and wave 160 vectors key pivot points?

The wave 105 vector is an intraday pivotal area with a guaranteed transition, while the wave 160 vector serves as a true day pivot that signals bullish momentum if held above and bearish momentum if held below.

Why do open state targets matter in this fractal trading strategy?

Open state targets are significant because they often act as reversal points with a 99% chance to close, helping traders anticipate potential price movements and reversals.

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