imagine all the confused traders in the mix of the “chop”; Over analyzing the charts with SMTs and key levels, and worrying about news events because they’re twitter mentors said so 💀
When there was only one very high probable possibility right in front of their face the entire time
Price ONLY targets liquidity or KEY levels on the Monthly-Weekly-Daily charts
Watch the Closes (rejections or breakouts) and displacement (key levels) to catch a Midtimeframe trend towards those HTF targets
-Monthly levels cause weekly expansions
-Weekly levels cause daily expansions
-Daily levels causes 4H 1H expansions
After a chop expect an expansion (look for entries) after an expansion expect a chop (look for exits)
👍 it’s all the same but the HTF candles just print slower, literally in Rs new tape reading price moves just like that on a 1H chart
Regardless of the patterns the main thing once a range is formed is just entering turtle soups all the way until target is hit
the closer we get to target the more risky or sloppy price may act
When the Monthly low is not established, buying for a swing becomes risky.
When the Monthly high is not established, selling for a swing becomes risky.
When the Weekly low hasn't been created yet, short-term buying should be avoided.
When the Weekly high hasn't been created yet, short-term selling should be avoided.
When the Daily low is not identifiable, taking short scalps towards it becomes high-probability.
When the Daily high is not identifiable, taking long scalps towards it becomes high-probability.
What happens if you just take price from the H/LOD till the first major opposing liquidity pool?
Act only when the directional bias for the day is clear and obvious… 2-3 times a week.
Do that for a month and look at your results.
This can be scaled to any candle, if you wish.
If a 1h key level breaks, move up to the 4h,
If a 4h key level breaks, move up to the daily,
If a daily key level breaks, a weekly level will support price,
If a weekly level breaks, go to the monthly.
@ibukundaniels • Draw out the weekly open and close
• Draw out the likely expansion of the weekly candle (in your eyes)
• Draw out the pd arrays which you expect to be hit on Monday Tuesday Wednesday, and the opposing PD arrays you expect to be hit on Thursday Friday
• stick to it.
Tips and tricks like the previous one are eye candy, and always fun to play around with and watch..
But NEVER forget the baseline mechanics of the markets:
• Liquidity pool to Liquidity pool.
• Buy stops to sell stops.
• Sell stops to buy stops.
• Highs and lows.
GLGT.
Every liquidity pool is assigned a destination before it’s even taken out.
Every high and low are assigned their role.
Everything is balanced.
There is no flaw in the system.