I have been hunting order blocks myself as a beginner and I did find quite a few on 1H on XAUUSD, even in the last month.
I am still having trouble spotting an obvious order block vs some of the less obvious ones but I had some questions.
When did order blocks get discovered? did the banks trade that way since forex opened?
Is it possible to find an order block every single day or are they more random? for example using XAUUSD.
Since a lot of people know about orderblocks, do the banks try and pull any tricks to hide what they are doing or trick the people with fake orderblocks?
I have been hunting order blocks myself as a beginner and I did find quite a few on 1H on XAUUSD, even in the last month. I am still having trouble spotting an obvious order block vs some of the less obvious ones but I had some questions. When did order blocks get discovered? did the banks trade that way since forex opened? Is it possible to find an order block every single day or are they more random? for example using XAUUSD. Since a lot of people know about orderblocks, do the banks try and pull any tricks to hide what they are doing or trick...
Ignored
They we’re first revealed by ICT Trader on YouTube years ago with many other things he teaches. From what I know he was an Institutional trader and has revealed stuff that no other trader has. Order blocks appear on all timeframes. I can normally find them everyday. I have never seen the banks try and pull tricks but all Orderblocks don’t work out!
1. Weakness above previous day’s high can be used to derive a bearish intraday bias. 2. Strength below previous day’s low can be used to derive a bullish intraday bias.
Is there something special about previous days (high-low) / 2 ? like halfway point. I see sometimes reversal happens to that point.
I wonder how the banks setup their order blocks, if its an algorithm or they just decide manually each day.
Is there something special about previous days (high-low) / 2 ? like halfway point. I see sometimes reversal happens to that point. I wonder how the banks setup their order blocks, if its an algorithm or they just decide manually each day.
Ignored
There are trading systems that just trade from the previous day high and low. I normally always mark these.It gives you a very good working range. If price is near the previous day high or low it can break it or trade back into the range. Order Blocks can help with this very much.
Is there something special about previous days (high-low) / 2 ? like halfway point. I see sometimes reversal happens to that point. I wonder how the banks setup their order blocks, if its an algorithm or they just decide manually each day.
Ignored
We are now in the computer age alorithms are used set up acorrding to human nature of fear and greed.
