hi can i ask how do you identify the areas where you place your limit orders? are they liquidity pools? and please do you recommend any books or mentor that teaches like you? thanks in advance
Trader3000
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@mfawadjoe, Hello, When you look to the left, inside the consolidation phase is a bold red candle (open of that candle is right on the price level at this chart). This bold down closed candle is a so called »bullish Orderblock« which means that price will go up. At this time I thought it would go higher, but it didn't. I made quite a few over 1000 pips in this up-and-down swing that was forming the next 2 weeks.
My mentor was and still is Michael J. Huddleston aka »The InnerCircleTrader« or »ICT«. You will find him in the web. Good luck to you!
mfawadjoe
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@Trader3000, thank you for your reply.with this technique do you manage to enter on the top/bottom of the move? or you have to wait for optimal trade entry to enter on 70% retracement. im new to this i just watched ict videos on youtube and i want to know if there are more than one type of entry. thank you
Profound_Ambition
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want to blow your account in less than a week? throw all your money in this setup! : )
Profound_Ambition
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can you back up this trade?
Trader3000
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@eazywayout, Not in hindsight, but 18 hours ago I predicted to buy this candle and now it is a doji on the daily:
Trader3000
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@eazywayout, Daily update: Doji on the daily timeframe #2.
In my opinion the market has a very powerful strength to the upside. More then yesterday.
(Btw, this friday was a great day for scalpers.)
Trader3000
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@eazywayout,
Trader3000
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@eazywayout,
Trader3000
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@eazywayout, Thank you for your comment. It is not really constructive but I like your honest opinion. I never said something like put all your money in this setup. What I am preaching is: »Always watch your money management!« So, while you are reading my words I am smiling because I know something... "Want to blow your account in less than a week?" - How about that: Could you please repeat this in one week? Anyway, I like your comment - it sounds honest and funny together - thank you!