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Going "ghost" is a term used in the trading community to refer to the practice of stepping back from social media and other distractions in order to focus on becoming a better trader.
While social media can be a valuable tool for connecting with other traders it can also be
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Pic #1 has multiple FVGs in the range on M5 so it's a BISI since you dont have any down-close candles in this range. Move up to M30 TF and you'll see it's a single FVG. Price doesn't have to completely fill the FVG. It could just test the high for BISI & low for SIBI then reverse
If you're using the FVG as the DOL and you may see multiple FVGs like this in a row then it means you need to move up and look at higher timeframes because all of these FVGs on LTF is 1 FVG on a HTF.
2nd Way: I use the FVG as a Draw on Liquidity. Algorithm draws price towards liquidity & imbalances in the market based on time. HTF FVGs will act as a magnet so price can get rebalanced. BISIs will be the DOL for short positions & SIBIs will be the DOL for long positions.
1st Way: I use the FVG as an Entry Model but this FVG is only valid if there has been a raid on liquidity or POI & a market structure shift. You need both a raid + mss before an entry on the FVG. The FVG is typically created from displacement when mss occurred. BISI vs SIBI ex:
It's the color of candle #2 that determines if the FVG is a BISI or a SIBI.
BISI FVGs will have an up-close candle for candle #2. Candles #1 or #3 color doesn't matter.
SIBI FVGs will have a down-close candle for candle #2. Candles #1 or #3 color doesn't matter.
It is called a Buyside Imbalance Sellside Inefficiency (BISI) because during candle number 2 there is only buyside offered to the market so there's a Buyside Imbalance and because there's no sellside being offered there's a Sellside Inefficiency.
Before I discuss the different ways on how to use a FVG, I will go over the anatomy of the FVG, what it is, and why it forms.
There are two types of Fair Value Gaps (FVG).
BISI = Buyside Imbalance Sellside Inefficiency
SIBI = Sellside Imbalance Buyside Inefficiency
5 Tips to manage your emotions while trading.
Most traders understand that trading can be influenced by their emotionsTo stay calm and directed throughout the trading day, professionals use well-recognized techniques to keep calm and make decisions based on reason,not their gut
If you used to pray before you got rich.
Then stopped praying after you got rich,
you're only preparing to FALL BIG and might never come back from it
Cause, that's the time to get much closer to God, lotta eyes on you, a few well-wishers, and lots of bad wishers
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