Support will beV formation………. Resistance will be A formation
If a support breaks… it turns into a resistance… SVR
If a resistance breaks… it turns into a support
These areas can be used as POIs
Use the line chart because it only prints the closing price of candles
2.
Daily, Weekly, Monthlyhave the strongest levels
When Support or resistance is broken
it becomes the other and price taps into the new area
HTF Order Blockis lower timeframe Breaker Block
We can only use the order block once…. If price taps in, we cannot use it again
Color of the candles does not matter
Line chart shows spike where the OB occurred as it only brings the closing price
If refining the levels on lower timeframes, ensure only moving 2-5 pips max
11.
Minute 20
When wedrop to H1, we see the last bearish candle before the up move is the Breaker Block
On a line chart we can see… this is where the push up began before the push down
Then where does price come in to….
13.
You cannot useevery single A or V as Points of Interest however – it MUST have liquidity below it or above it
When a market is Bearish we are ONLY going to mark out Resistance… we are not going to mark out Support
Once understanding how the market moves… entries become super simple
15.
On EU forNews Example… on 1 hr we have a swing low, then on 4hr right below we have rejection
16.
Min 23 –Where did news tap into…. Right into that rejection block and gave a 1:20 with a. 5 pip SL
17.
Min 23 –What’s the most major Break of Structure we have here – Shows Bearish Market
The only reason for the market to go up in a Bear market is for a pullback/retracement to collect liquidity sitting above
We know the retracement is over? The counter trend has to do the same thing as the Major Trend (Major BOS)
18.
When a LTFStrong high is created, we always go into the HTF to check what our POI is
In this case… our 4hr showed a Rejection Block
Use Strong High as our POI, then ensure theres liquidity below, and take a sell covering the high (3-5pip SL)… 32R
When you spotthe Liquidity and Setup, you should then go to the HTF to check
Here we can see the 1hr has a POI, but when we go to the 4hr the POI is higher – Always go the HTF POI
30.
Take your entryfrom the 4hr POI with your SL above the rejection block
The reason wetrade London Open or London Killzone or NY Open is because these have the most chance of making the high or low of the day
When the market is bearish and u get in a sell trade above asia, you can expect it to be the high of the day for a longer sell trade
If there is news…. This changes completely
61.
Trading Plan
Identify HTFtrend with the latest Break of Structure (4HR or Daily)
Identify if Asia has been Ranging or Trending (1HR)
Identify if Asia has a strong High or Low (1HR)