Q3 Sell Off Bias Breakdown Part 3 Simple Explanation +Screenshot

25 thg 10, 2023

For how most people I know trade, we have a few simple steps to follow in order to identify a good trade setup. We need to:

1. Determine current price location on our chosen higher timeframe - are we in Premium or Discount.
2. Check whether we've taken any liquidity on our selected higher timeframe.
3. If liquidity has been taken immediately, switch to your preferred lower timeframe and look for the same setup aka liquidity being taken.
4. if you've Confirmed liquidity has been taken, now you need price to follow up by a break of market structure on a short-term low or high.
5. If step 4 is completed successfully, we can now look for entry on our trade ONLY IF PRICE HAS LEFT THE FOLLOWING BEHIND!!!!
gap, order block, or breaker block.

25 thg 10, 2023

Ghi chú

Step 1

Step 2

Step 3

https://www. tradingview.com/x/8UODwC4o/ Step 4

13 Entry Styles Below for step 5

Step 5: Choice of different entries you could use “ONLY IF price has created your break of market structure which signifies your shift of market direction." It doesn't matter how you trade you must always wait for liquidity to be taken.

/ Choice 1 FVG

Choice 2 Order Block

Choice 3 Breaker Block

Choice 4 Last Up Before Down

https://www. tradingview.com/x/4MTeMjzc/ Choice 5
BPR(Balanced Price Range)

Choice 6 Fib Premium

Choice 7 OTE

Choice 8 Regular Fib

Choice 9 Key Level Support & Resistance

https://www. tradingview.com/x/lYzpYGXD/ Choice 10 Banking Levels Quarter Points

Choice 11 M's & W's Retest Of Neckline

Choice 12 Power Of 3

Choice 13 Ichimoku Cloud