Example.
Weekly trend bullish
This is a Daily, is correct?
which of the two order blocks would you have used?
- #3,643
- Nov 26, 2021 6:57am Nov 26, 2021 6:57am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #3,644
- Nov 26, 2021 7:27am Nov 26, 2021 7:27am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #3,645
- Nov 26, 2021 7:43am Nov 26, 2021 7:43am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #3,646
- Edited 10:50am Nov 26, 2021 9:33am | Edited 10:50am
Practising some more hardcore precision on Nas with FVG + OB combos & testing broker spread changes with fills in certain situations etc.
Unfortunately main target was hit just before I wanted to share the "before trade picture", so this invalidated my count and I didnt even bother posting the entry here like I did before.
Still nice to see how easily one can predict market short term reversal by almost exactly a PIP on such a volatile instrument (which moves nearly 500 pips in some days) @ highest volume session and how a simple limit order can gather nearly 1:10 RR in a few minutes. Even when the main count is invalidated then still some sort of reaction can be expected as seen on the picture below.
The way how the "price delivery algorithm" works with the prices is truly amazing when you really put Your mind into it.
Liquidity reaching candle wick dipped exactly into 72 to grab triple bottom/"support" liq.
68-72 were the "lotto" numbers today as seen on the chart written down before dip down & big figure 16250 breaker. ^^
Looking forward for next week price action.
Have a nice weekened! : )
Unfortunately main target was hit just before I wanted to share the "before trade picture", so this invalidated my count and I didnt even bother posting the entry here like I did before.
Still nice to see how easily one can predict market short term reversal by almost exactly a PIP on such a volatile instrument (which moves nearly 500 pips in some days) @ highest volume session and how a simple limit order can gather nearly 1:10 RR in a few minutes. Even when the main count is invalidated then still some sort of reaction can be expected as seen on the picture below.
The way how the "price delivery algorithm" works with the prices is truly amazing when you really put Your mind into it.
Liquidity reaching candle wick dipped exactly into 72 to grab triple bottom/"support" liq.
68-72 were the "lotto" numbers today as seen on the chart written down before dip down & big figure 16250 breaker. ^^
Looking forward for next week price action.
Have a nice weekened! : )
- #3,647
- Nov 26, 2021 11:45am Nov 26, 2021 11:45am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #3,649
- Nov 28, 2021 11:19pm Nov 28, 2021 11:19pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #3,650
- Nov 29, 2021 12:03am Nov 29, 2021 12:03am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #3,652
- Nov 29, 2021 4:29am Nov 29, 2021 4:29am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #3,654
- Nov 29, 2021 9:52am Nov 29, 2021 9:52am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #3,655
- Edited 12:26pm Nov 29, 2021 11:05am | Edited 12:26pm
Gold 5m
Breakeven/small loss
Lesson learned: ~1800 area is really sweet for profits, but no point to hold/hopetrade if price is not willing to push through/structure changes back to bearish after reaction from OB retest (no more HHs + multiple same OB tests), especially when same OB is tested 2/3+ times = sign of weakness I think.
Usually when the right HTF OB is chosen then theres almost always time to put trade to breakeven.
Thanks to the quality of the OB (where the original impulsive move started) I still had time to close most of the trade in breakeven.
Breakevens/small losses = part of the game!
Gold 1m in detail - made it for myself, no harm in sharing I guess:
Correct me anyone, If im wrong with these last 2 pictures,
Cheers!
Breakeven/small loss
Lesson learned: ~1800 area is really sweet for profits, but no point to hold/hopetrade if price is not willing to push through/structure changes back to bearish after reaction from OB retest (no more HHs + multiple same OB tests), especially when same OB is tested 2/3+ times = sign of weakness I think.
Usually when the right HTF OB is chosen then theres almost always time to put trade to breakeven.
Thanks to the quality of the OB (where the original impulsive move started) I still had time to close most of the trade in breakeven.
Breakevens/small losses = part of the game!
Gold 1m in detail - made it for myself, no harm in sharing I guess:
Correct me anyone, If im wrong with these last 2 pictures,
Cheers!
- #3,656
- Edited 1:27pm Nov 29, 2021 11:06am | Edited 1:27pm
Nas 15m pretrade - sameold NY session first hour reversal/pullback
Nas 1m after: bounce between OB-s, first position ~1:5 RR here + second position to breakeven (stopped out later on) 
15m after:
Nas 1m after: bounce between OB-s, first position ~1:5 RR here + second position to breakeven (stopped out later on)
15m after:
- #3,659
- Edited 2:04pm Nov 29, 2021 1:44pm | Edited 2:04pm
{quote} Results, banging most of the profits here. Exactly half of the daily range is captured & price giving some kind of reaction into 1H OB with some divergences & LTF consolidation action. {image}
- Exactly the same setup again
BTC Liq. grab into 4H OB + 1M BB retest
Looking for lower targets still, alot of clean traffic to fall through ^^
