Rojak - a local delicacy with eclectic mix of various ingredients.
methods:
previous weeks, days and sessions high low, support/resistance, trendline, fibonacci, round number.
and me learning 2022 ICT Mentorship (youtube) from #post 7 to 31.
i had compressed these lessons to the bare minimum possible to get acquainted with the methods.
in a nutshell there are 2 parts.
each part consists of 3 steps.
get them correct and you are on your way.
A.)
Daily bias
Premium or Discount market
Time of Day to apply the Power of 3
B)
Liquidity stops taken
Market structure shift
Retracement to imbalance or order block
Part A is the fundamentals to get correct first before going on to Part B.
Part B concerned the sharpening of trade entry techniques.
A reminder to myself: #post 41.
1. Before a new trading week begins get a read on what the next W1 candle is going to do – higher or lower, without trying to predict the close of W1 candle.
Just to anticipate what level the market is likely to draw to. So as to get a bias direction for the week.
2. In a bearish downswing, any up closed candle should be viewed as potential shorting candidate looking to rebalance FVG,
before going back down to take out daily lows, and then towards d1 swing low.
3. High probability bearish order block has the imbalance coupled with the up closed candles,
and the underlying narrative that it is likely to go lower to sell side liquidity.
If the move is bearish, up closed candle should not be violated. It is going to act as resistance.
methods:
previous weeks, days and sessions high low, support/resistance, trendline, fibonacci, round number.
and me learning 2022 ICT Mentorship (youtube) from #post 7 to 31.
i had compressed these lessons to the bare minimum possible to get acquainted with the methods.
in a nutshell there are 2 parts.
each part consists of 3 steps.
get them correct and you are on your way.
A.)
Daily bias
Premium or Discount market
Time of Day to apply the Power of 3
B)
Liquidity stops taken
Market structure shift
Retracement to imbalance or order block
Part A is the fundamentals to get correct first before going on to Part B.
Part B concerned the sharpening of trade entry techniques.
A reminder to myself: #post 41.
1. Before a new trading week begins get a read on what the next W1 candle is going to do – higher or lower, without trying to predict the close of W1 candle.
Just to anticipate what level the market is likely to draw to. So as to get a bias direction for the week.
2. In a bearish downswing, any up closed candle should be viewed as potential shorting candidate looking to rebalance FVG,
before going back down to take out daily lows, and then towards d1 swing low.
3. High probability bearish order block has the imbalance coupled with the up closed candles,
and the underlying narrative that it is likely to go lower to sell side liquidity.
If the move is bearish, up closed candle should not be violated. It is going to act as resistance.
Attached Image(s) (click to enlarge)
ITB - Seeing Orderliness amongst 'Randomness'
...(sy pun suka makan rojak
)
