AP | Use Market Structure & Fibonacci Levels for Sniper Entries

TL;DR

AP finds sniper entries by combining market structure with the GB model, also called “Yeet,” which uses five Fibonacci levels: 0.295, 0.041, 0.705, 0.7475, and 0.79. He applies the framework across charts from 5 seconds to 5 minutes while adapting entry depth to consolidating or expanding conditions. Read on to understand the model’s levels, confluences, time frames, and discipline requirements.

Transcript

how's it going everyone and welcome back to another tea talk Today we are joined by AP and he is going to talk about his framework and his view on the market I hope you guys enjoy it All righty What is good I hope y'all are doing well My name is AP I also go by AP Trades and I just first and foremost want to say thank you to T for having me on and ... Read More

Key Insights

• AP started trading in late 2019, initially influenced by Dogecoin, and has since evolved to trading futures with a focus on market structure and Fibonacci levels.
• He emphasizes the importance of adapting to different market conditions and not overfitting to a single strategy, as market conditions can vary widely.
• AP's trading model, coined as the GB model or 'Yeet,' involves using specific Fibonacci levels (0.295, 0.041, 0.705, 0.7475, and 0.79) to identify entry and exit points in the market.
• The model is designed to work across different time frames, from 5-second to 5-minute charts, demonstrating the fractal nature of price movements.
• AP stresses the importance of understanding market structure and using it in conjunction with Fibonacci levels to enhance trading accuracy.
• He discusses the significance of order blocks and imbalances in the market, using them as confluences for entry and exit strategies.
• AP encourages traders to maintain discipline and adaptability, highlighting the psychological challenges and the need for a level-headed approach.
• He acknowledges the role of education and mentorship in trading, expressing gratitude for the opportunity to share his insights with a wider audience.

Questions & Answers

Q: How does AP use market structure and Fibonacci levels for sniper entries?

AP first reads market structure, including strong and weak highs and lows, and then uses the GB model’s Fibonacci levels to pinpoint entries and exits. He also looks for order blocks and imbalances as confluences instead of relying on a Fibonacci level alone.

Q: What is AP’s GB model, also called “Yeet”?

The GB model, internally nicknamed “Yeet,” is AP’s main entry technique and a rounded optimal-trade entry framework. It uses five Fibonacci levels to provide a consistent baseline across different market conditions.

Q: Which Fibonacci levels does AP use in the GB model?

AP’s model uses five stated levels: 0.295, 0.041, 0.705, 0.7475, and 0.79. He uses these levels to identify potential entry and exit points while accounting for market structure and conditions.

Q: Does AP’s trading model work on different time frames?

AP says a sound model should work on the 5-second chart as it does on the 1-minute and 5-minute charts. He attributes this consistency across time frames to the fractal nature of price.

Q: How does AP adapt entries to consolidating and expanding markets?

AP expects deeper retracements in a consolidating market and shallower retracements when the market is expanding. The model’s multiple levels help him avoid overfitting one entry technique to every condition.

Q: Why did AP move beyond an EMA crossover strategy?

AP began with what he recalls as a 9 and 18 EMA crossover, which worked during a strongly trending rebound. When the market consolidated, that entry technique struggled, prompting him to study ICT concepts and develop a more adaptable approach.

Q: What roles do order blocks and imbalances play in AP’s strategy?

AP uses order blocks and imbalances as confluences for possible entries and exits. They support his reading of market structure and help him align Fibonacci-based decisions with the surrounding price action.

Q: What trading mindset does AP emphasize?

AP emphasizes discipline, adaptability, and staying levelheaded during the day-to-day trading process. He warns against overfitting to one strategy because changing market conditions can expose techniques that only worked in a particular environment.

Summary & Key Takeaways

• AP, a trader since 2019, shares his trading model using market structure and Fibonacci levels to identify high-quality setups. He emphasizes the importance of adapting to different market conditions and not overfitting to a single strategy.

• The trading model, known as the GB model or 'Yeet,' involves using specific Fibonacci levels to pinpoint entry and exit points across various time frames, demonstrating the fractal nature of price movements.

• AP highlights the significance of market structure, order blocks, and imbalances, encouraging traders to maintain discipline and adaptability while leveraging educational resources for improved trading performance.