Waiting at the Riverband

latest development update: using a combination of mtf support/resistance and engulfing forming the riverbank pattern.
https://www.forexfactory.com/thread/...4#post15511434
https://www.forexfactory.com/thread/...4#post15505534
https://www.forexfactory.com/thread/...8#post15484528
https://www.forexfactory.com/thread/...0#post15485970
https://www.forexfactory.com/thread/...1#post15516921

update: enough of examples had been shown.
so now what i am presenting here is the medium and higher time frames charts. m30 and above.
you can go to my journal engulf snr demo trade explorer for trade details
https://www.forexfactory.com/thread/...and-resistance?

you can follow this simplified 3 steps model.
https://www.forexfactory.com/thread/...3#post15549303
https://www.forexfactory.com/thread/...5#post15550375
https://www.forexfactory.com/thread/...6#post15582376

Remember
https://www.forexfactory.com/thread/...3#post15563513

RULES - traders new to this thread is advisable to follow the rules
Standard Operating Procedure (SOP) - Total 6 conditions with Gradings A, B, C

3 Main Conditions

1. Market Open
2. HTF Key Level OHLC SnR / Engulf (H4 and above) around Market Open / Session
3. Premium / Discount (can either be seen in HTF or LTF optimum trade entry)

3 Conditions in LTF Confirmation Entry around HTF key level

1. Liquidity sweep
2. Break of structure
3. Liquidity sweep above/below BOS (discretionary when LS not found above/below BOS)

The bottom line is:
CONFIRMATION ENTRY at the RIGHT TIME (Market Session) and at the RIGHT PLACE (HTF Key Level)

Build your trades around HTF and LTF SnR
https://www.forexfactory.com/thread/...2#post15388092
https://www.forexfactory.com/thread/...0#post15371710

Additional knowledge for the advanced experienced traders
https://www.forexfactory.com/thread/...0#post15446670

Training
Open a chart and spot the number of conditions that you can see during a market session.
Mark them out either without actual trade or with trade. Then post in the thread.
I care less about how beautiful actual trade with lots of pips made being posted.
We are in training, the important thing above all else is to follow the rules.
Get rid of bad trading habits forming a 'habit loop' holding you back from any progress.
Post frequently. This is the fastest way to learn.
The purpose is to imprint the trade set up into your brain that you can pick up in seconds.
That's all I ask. That's all I want to see

It will take time to arrive at our destination. Hopefully by March 2026.
We are working towards the medium term where 20% monthly ROI can be achieved with 70% win rate.
With just a couple of years trading experience, do not be short sighted looking for quick bucks in a short period of time

Align your trading strategy with your personal traits, exercise patience, and prioritize the quality of your trading decisions over quantity.
Trading is challenging yet rewarding. It is an art form requiring discipline, sharp focus, and a flexible mindset to thrive.
You do not need to go out of your trading model.

Finally
Technique is not enough. Aim for Discipline, Patience and Consistency. Nothing else matter.

Hope you enjoy this trading journey of discovery.

But first before we even begin, get rid of our bad trading habits.
They are like a comfortable bed, easy to get into but hard to get out of.
We become what we repeatedly do, holding us back from achieving our goals of being profitable traders.
We need to empty out the bad trading habits in our system and reboot.

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A quick course in reading price action using candles open close as levels and candles high low as trend

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Rather similar lower time frame trade entry confirmation

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fabio valentini – world cup top ranked futures trader

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https://www.forexfactory.com/thread/...8#post15371658

tokyo open
patience to observe

tokyo open / htf resistance / entry confirmation

alignment of asia session / htf support / entry confirmation

For HTF (monthly/weekly/daily) SnR, should we consider any high/low or only the swing high/low of that TF?

just high low and/or swing because more bsl and ssl at htf. swing for ltf.

Missed it big time. What an explosive move! Don't know where is it going now, upside does not any reference point other than the ROUND numbers.

I don't understand why you guys are looking at 1W when you only have TP 1:1 or 2:1. I think it's not right. When you're playing M2, just H1 or H4 is too far.

for the simple reason that weekly snr speaks much louder than h1 or H4.
father has the authority over children and granchildren.
didn't you take notice that from the above examples price got rejected at those levels no matter how small the move is?
take note how much price moved away from the condition marked 2 in the charts.

although now the new york midnight hour normally not for trading, just observe the ranging and whether there will be any further drop after rejection at htf resistance.

this rs flip continuation up move during ny midnight has no htf support

Not easy to spot liquidity at cmp,
this is what i spot at 5m,
this is counter trend , only for watch.
3469-70 ssl.
met 4 condition.
no HTF lvl and the 6th condition.

alignment of london open / htf resistance / trade entry BO

see my charts set up above.

so is 5 condition set up
if this area didnt bounce, next will be 345x , it can be Résistance turn support scenario.
i may wrong.

3 and 6 missing