Recently I have been getting alot of DM concerning Liquidity, picking out a valid OrderBlock...
I trade EURUSD only... I discovered focus on a single or fewer pairs is healthier for a Trader.
I will be using today's PRICE ACTION to shade more light on it.
Walk with Me🚶🏾♂️🚶🏾♂️
This was my outlook for the Day... FROM 4H
We have a BOS to the downside... Indicating Bearish pressure.
Of course... We don't take ENTRIES from H4
Refinements are necessary to reduce our SL
On H1 we see a Trend line Liquidity Below the POIs (Extreme and Decisional)
If you observe I marked out the sweep of Liquidity and min structure Break
This is often known as QM (Quasimodo) or CHOCH etc
Most times your entries will be inside the Quasimodo region 📍
The Breaker OB is of high Interest as it does the following
- Break Structure
- has Liquidity closely Below it
- in the Quasimodo Area (on H4 its a Bearish OB)
This is a clearly View of the STRUCTURAL LIQUIDITY just below my POI
I had to play PATIENCE and wait for Price to get to my SPECIFIC POI
Currently on a 1:13RR...
The 2nd Picture is an example for you to spot out the STRUCTURAL LIQUIDITY just below the SELL POI.
NOTE : I can refine EU down to the Secs Timeframe because I have backtested it properly.
I recommend you do same before you refine to M1 especially in Crypto
As it could lead to missed entries.
These traders trade other pairs so you can always use there charts as a Guide.
These traders trade other pairs like US30, NAS100, Crypto etc so you can always use their charts as a Guide.
@thissdax @TraderRozay @Starr_gael @_InvestorBen @Br4YNE @neehyeehwah @Techriztm @ProsperoApril @_ @CryptXAcademy @BoiiTrevaa @Br4YNE @il_boia_trades @_Krypto_Khan
Knowledge isn't POWER... The CORRECT APPLICATION of KNOWLEDGE is POWER
Reading the thread only enlightens The POWER comes from #backtesting and STUDYING so as to GAIN
CONFIDENCE in it
P.s Take a look at these BEFORE and AFTER Try to find the #Liquidity. EU 1:13+ | GU 1:10+RR
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