Here's something most retail traders don't know:
Every wick on your chart is an imbalance on a lower timeframe.
And price ALWAYS comes back to rebalance. π§΅
Step 5: Add in as it confirms.
I don't enter full size immediately.
Enter half. See if it breaks through. Trail stop. Add more.
Risk stays the same. Size increases.
Step 6: Target the pre-identified draw.
Not a random number. The liquidity level you identified on the higher timeframe.
Partial at first target. Trail the rest.
Step 3: Drop to the 5-minute.
Find the nearest area where price would need to retrace to before continuing.
This is your entry zone. Not a single candle. A zone.
Step 1: Higher timeframe narrative.
1-hour or 4-hour. Where are we? Premium or discount? What's the draw? What liquidity needs to be taken?
This takes 5 minutes. Do it before you touch the 1-minute chart.