Disliked{quote} Here u go boss. Doesnt look to be a good strategy. You will have better success following TMSr. Apologies to RH for any diversions off the main topic. A {file} {file}Ignored
I will give that a go tomorrow
- #7,114
- Edited 6:28am Dec 4, 2021 6:03am | Edited 6:28am
Another Example of the right time to trade.
EDIT: Check out AUDCAD or NZDCAD, with recent good entries. This is how it should look like, and my advice is you stick to those situations. So you optimize your Hit Ratio and after all you save money. There is no need to trade everyday. Sometimes the Situation is just not right. Just wait and have a beer.
EDIT: Check out AUDCAD or NZDCAD, with recent good entries. This is how it should look like, and my advice is you stick to those situations. So you optimize your Hit Ratio and after all you save money. There is no need to trade everyday. Sometimes the Situation is just not right. Just wait and have a beer.
- #7,115
- Dec 4, 2021 11:14am Dec 4, 2021 11:14am
Another Example of the right time to trade. EDIT: Check out AUDCAD or NZDCAD, with recent good entries. This is how it should look like, and my advice is you stick to those situations. So you optimize your Hit Ratio and after all you save money. There is no need to trade everyday. Sometimes the Situation is just not right. Just wait and have a beer.
Another Example of the right time to trade. EDIT: Check out AUDCAD or NZDCAD, with recent good entries. This is how it should look like, and my advice is you stick to those situations. So you optimize your Hit Ratio and after all you save money. There is no need to trade everyday. Sometimes the Situation is just not right. Just wait and have a beer.
I don't think there's one canonic theory of what order blocks are. Could you point to a read, which is closer to your opinion?
Another Example of the right time to trade. EDIT: Check out AUDCAD or NZDCAD, with recent good entries. This is how it should look like, and my advice is you stick to those situations. So you optimize your Hit Ratio and after all you save money. There is no need to trade everyday. Sometimes the Situation is just not right. Just wait and have a beer.
- #7,120
- Edited 7:52am Dec 5, 2021 7:40am | Edited 7:52am
{quote} Thank you! I don't think there's one canonic theory of what order blocks are. Could you point to a read, which is closer to your opinion?
This is a good video which demonstrates an easy and efficent way to draw orderblocks.
Inserted Video
You can mark those Zones then on the chart. These are really important zones. Every trader should know this stuff in 2021, but thats just my opinion.
See for example the Screenshot. The first one is the screenshot I already posted. Where you see price is just crashing into the H4 Orderblock. The second Screenshot shows the Creation of the Orderblock, this orderblock is already 1,5 Years old and held already once and price rejected from it.
When it hit the H4 Orderblock, what I used as my Take Profit, I did not leave valuable pips on the table. The advantage is that you dont need to wait for the Heikin Ashi Bars, turning Red or Blue again ( in my case white or blue) to have a exit signal in those cases.
Don't get my wrong, I still use the color change of the bars as exit signals, but only when there is no imbalance or orderblock ahead. There is no reason to take the risk in the majority of cases, hoping that price is pushing through the levels, because price almost always never does it on the first try. So why leave pips on the table.
Its my little personal addon to Robin Hoods Navigation System, which basically is showing you, the before invisible, roadblocks now, so you don't crash into them.
