Trading is not just about having the best sniper entry techniques, its more about knowing the right time to use the techniques.
If you FOMO into any trade, be rest assured you will be inducement for the patient traders.
A good understanding of this is going to go a long way in your trading career.. read and backtest multiple times until you get a feel for it..happy trading,cheers.
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Your strategy is basically useless if you don't know where the market is moving towards or what is attracting it and what the fuel will be for it to get there...Liquidity in simple is basically a magnet for price.
Example of common liquidity draw are relative equal highs and lows,trendlines, order blocks,fvg, old highs and lows,previous days high low,weekly highs and low,monthly highs and low,support and resistance areas.
Disclaimer; We don’t just go around bidding or assuming every DOI is actually going to magnet price .
There has to be context with relation to PD array as discussed in previous content.
I stated my raid journey by studying contents of @Lotus_xbt
And then I discovered @black_xbt Seeing his charts and pnl gave me all the motivation needed to start my journey as a trader when he was on Twitter.
I studied every single chart ever put out by @black_xbt and still do.
After that I Discovered @TheFinancierge ..Studied his charts and educational contents and still do daily..His view on raids are next level…
I’m trying to do same by posting my trades and pnl ,and educational contents so you get inspired as well to start your own journey knowing fully well trading is not a fairy tale and you can actually make money and lose all your money.
Educational content.
My first time doing something like this,i hope its not my last lol.
PD ARRAYS
Premium/Discount arrays known as PD array
these are areas of interest where we expect to see reaction from price when its either in the premium or discount range of the price leg.
Examples of this are orderblocks,Fair value gaps,highs and low and areas of liquidity in the dealing range.
Using PD arrays is how we avoid fomoing into trades too early and it offers us good risk reward with context to invalidation levels.
Our job as desciplined trader is to only buy in discount in a bullish price leg
when bearish we sell in premium only.