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Profitable Liquidity Targeting Strategy

  • #21
  • May 22, 2024 8:15am May 22, 2024 8:15am
Quoting TranceGhost
You mention using the daily and 4 hour chart for target and step one is as below. But I can not see it used anywhere in your examples. - can you make a post with a full setup - where all steps are included. "Setting the Target (4h Chart) For this strategy, we will draw the External Range of Liquidity (ERL) and Internal Range of Liquidity (IRL) on the Daily and 4h Charts. What is ERL? ERL refers to the closest swing highs and lows. Above and below these areas, there are clusters of stop-losses and pending orders that banks target. What is IRL? IRL...
Attached Image (click to enlarge)
Click to Enlarge Name: SELL PLCE.jpg Size: 98 KB


Have a look at the trade taken today on EURUSD.
-in 15m there was a buy side delivery before is break the structure to the downside
- then retrace to golden Fibo area and reject below
  • #22
  • May 22, 2024 8:20am May 22, 2024 8:20am
Nice system, tiptop. I trade quite similar, also on M15. Do you ever use limit orders or you always wait for confirmation and enter with market order?
And secondly, do you trail your SL?
Do you trade only EU?
  • #23
  • May 22, 2024 8:25am May 22, 2024 8:25am
Quoting tiptoptrade
{quote} {image} Have a look at the trade taken today on EURUSD. -in 15m there was a buy side delivery before is break the structure to the downside - then retrace to golden Fibo area and reject below
Why was your TP where you marked it? I see no H4 or D1 ERL/IRL.
  • #24
  • May 22, 2024 8:33am May 22, 2024 8:33am
Quoting Olarion1975
{quote} Why was your TP where you marked it? I see no H4 or D1 ERL/IRL.
Attached Image (click to enlarge)
Click to Enlarge Name: PROFF.png Size: 7 KB


i see you need proof
  • #25
  • May 22, 2024 8:35am May 22, 2024 8:35am
Quoting Olarion1975
{quote} Why was your TP where you marked it? I see no H4 or D1 ERL/IRL.
Thanks. I modified the ERL once it was taken down is why.

Anyway, I redrawn and attached it for your concern. regards
  • #26
  • May 22, 2024 8:36am May 22, 2024 8:36am
Quoting tiptoptrade
{quote} {image} Have a look at the trade taken today on EURUSD. -in 15m there was a buy side delivery before is break the structure to the downside - then retrace to golden Fibo area and reject below
Nice trade. So are you just using 15mins then? what is 4hr for then? Once you take the profit what is your next move now that a new FVG is created. Do you reverse wait for some kind of confirmation?
  • #27
  • May 22, 2024 8:42am May 22, 2024 8:42am
Quoting Olarion1975
Nice system, tiptop. I trade quite similar, also on M15. Do you ever use limit orders or you always wait for confirmation and enter with market order? And secondly, do you trail your SL? Do you trade only EU?
- I prefer market execution because the correction phase can completely mitigate the FVG and close beyond Valid OB. Rejections from those areas requires monitoring
- I trail Stop Loss. usually I trail them with the creation of Valid OB on the go. I also Take partials at -23.6 & -61.8 fibo levels and when i do so, I reduce my SL from 100 to 79 and then to 50 fibo level. but trailing above Valid OB is potentially safe. Keep your modifiled SL 2-3 pips above them because price may come test those Valid OB and could sometime wick a little above the top ceiling
- only EURUSD
  • #28
  • May 22, 2024 8:42am May 22, 2024 8:42am
Quoting tiptoptrade
{quote} {image} i see you need proof
Is ERL always the candle before a reversal?
  • #29
  • May 22, 2024 8:47am May 22, 2024 8:47am
Quoting vinesh1
{quote} Nice trade. So are you just using 15mins then? what is 4hr for then? Once you take the profit what is your next move now that a new FVG is created. Do you reverse wait for some kind of confirmation?
Attached Image (click to enlarge)
Click to Enlarge Name: SETUP EX.png Size: 12 KB

4h is extremely important becz you find your ERL and IRL from 4h
look at the chart and read it please. that's how I device after taking profit.
  • #30
  • May 22, 2024 8:50am May 22, 2024 8:50am
Quoting vinesh1
{quote} Is ERL always the candle before a reversal?
erl stands for external range of liquidity.

simply said erl are the swing highs and lows around your current price. the higher the timeframe the stronger the erl
  • #31
  • May 22, 2024 8:54am May 22, 2024 8:54am
Quoting tiptoptrade
{quote} {image} 4h is extremely important becz you find your ERL and IRL from 4h look at the chart and read it please. that's how I device after taking profit.
Great stuff. Is this a 15min or 4hr chart? If not are you able to post a 4hr that shows the FVG? Thank you for sharing learning a lot
  • #32
  • May 22, 2024 8:58am May 22, 2024 8:58am
Quoting vinesh1
{quote} Great stuff. Is this a 15min or 4hr chart? If not are you able to post a 4hr that shows the FVG? Thank you for sharing learning a lot
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB
  • #33
  • May 22, 2024 8:59am May 22, 2024 8:59am
Quoting tiptoptrade
{quote} {image} 4h is extremely important becz you find your ERL and IRL from 4h look at the chart and read it please. that's how I device after taking profit.
So you mention "testing 15 OB"... if you wanted to take a trade here do you wait for the entire OB to be invalidated or wait for a candle pattern to confirm and what will tell you that the OB cannot be broken
  • #34
  • May 22, 2024 10:24am May 22, 2024 10:24am
Quoting tiptoptrade
{quote} {image} Have a look at the trade taken today on EURUSD. -in 15m there was a buy side delivery before is break the structure to the downside - then retrace to golden Fibo area and reject below
Are you looking at what UK open did before drawing all your FVG's etc? I noticed in this trade you had FIBO drawn from UK open. I am in NY just FYI. Do sessions matter?
  • #35
  • May 22, 2024 12:42pm May 22, 2024 12:42pm
How do you account for news events in your analysis?
  • #36
  • May 28, 2024 9:48am May 28, 2024 9:48am
Quoting vinesh1
How do you account for news events in your analysis?
avoid news trading.
  • #37
  • May 29, 2024 10:08am May 29, 2024 10:08am
would love for u to post a chart on a daily basis.
  • #38
  • May 30, 2024 10:24am May 30, 2024 10:24am
Hi, so what action you take when the price reaches the border of an FVG rectangle. Are you looking for a break or rejection? If the price has reached say from bottom to the edge of the FVG is it a guarantee that it will break?
  • #39
  • May 30, 2024 9:40pm May 30, 2024 9:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB

trade placed mid ny session yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
  • #40
  • May 30, 2024 9:54pm May 30, 2024 9:54pm
Quoting tiptoptrade
{image} trade placed mid ny session yesterday.{image}
Thanks bro. So quick question. how do you identify BOS if the candles have not formed. What I mean is in the pic you have identified BOS but if I don't know how the future candles are going to look like how do I know BOS. Do you need to wait for a few candles to form and then decide there is a BOS? So after the rejection of OB wait for a few candles and then identify BOS? You also have a red arrow that shows liquidity but again question is this is after the fact. How do i identify this before future candles are formed. I hope I am making sense
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