DAILY BIAS PART 1
INTERNAL AND EXTERNAL RANGE LIQUIDITY
- I've been finessing my own read of the daily bias recently so I decided post a series of posts discussing the concepts I'm using.
Bookmark it for your own study๐
I HAVE TRAINED MY EYES FOR MORE THAN 8 YEARS ROWS :
Sure, there's no miracle happening with fundamental only:
Darvas made a miracle with BOX
Jesse Livermore & William O'Neil.
A change in state of delivery is key to any entry model.
Without it, there are no entries.
How to identify a change in state of delivery (CISD) in 3 steps: (thread)
ICT Pro Tip ๐
The highest probability PD Arrays will align with a Fair Valup Gap
Orderblock + FVG
Breaker Block + FVG
FVG + Inverse FVG
Old swing high + FVG
Old swing low + FVG
#XAUUSD#GOLD This is my view for today.
It is also Friday and we had 4 days breaking ATH's so risk carefully.
You can get discount on FundedNext's evals from this link : https://t.co/tnwhoExYWM
As a mentor, I notice this pattern in many traders:
1.
Take every trade you see when you just learned a new concept, not going to work and you will take a lot of losses, because you can't identify high probability scenarios properly.
2.
Instead of taking every trade, you now almost take no trades waiting for the highest highest probability, this can be due to fear, but also due to a lack of experience in finding the balance between high probability and endlessly waiting.
3.
Trader finds balance between step 1 and 2. Taking high probability trades without waiting 3 months in between every trade.
All steps here are normal and part of the process, but if you're stuck in one then you know you need to journal better.
SMT aren't just divergences โ they serve a deeper purpose: shifting the phase of price delivery.
Within SMTs, we have types:
โDirectional SMT = confirms the direction
โMomentum SMT = confirms the expansion