The ability to join a moving/winning trade 📈 depends on how informed a trader is.
CONFIRMATION ENTRIES are one of the ways a trader can capitalise on a winning trade without FOMO.
The SCOB is one of my favourite cont. /confirmation entry METHOD.
Let's explore how it works 🧵
When price mitigates your LTF poi.
Its a candle sweep confirmation in your LTF poi.
⚡ Price gave me the single candle ob and i placed entry at the bottom of the candle and sl a little above it. Price still came to pick my order😁
⚡Voilà 💥, i saw a good looking poi (unmitigated Order block) and i highlighted it.
⚡Price took out the inducement and mitigated the m5 poi... And i was waiting for a single candle ob as a confirmation to place my order.
Single candle order block can only be used as entry....
M1 unmitigated order block above in the same poi zone and i knew price will go for it.
⚡Price mitigated it and reacted. Changed character, left an inducement but no reasonable poi.
⚡I use M5 to check if there is any good looking poi above the inducement and......
How i placed my entry🔥
⚡Price was bearish and already broke structure.
⚡So i waited for the inducement zone to be taken out and the next poi to be mitigated.
⚡Price mitigated it the first time and was going down but i didn't place entry because there was a refined.....