Price finally Taped into that your POI
Unfortunately, you missed it the TradingView Alert 💔
How can you Hop on the Trade?
A thread 👇🏾 👇🏾
Often times if these said POI is a HTF (H1, M30 Etc) price often gives several Continuations on the LTF.
Which you can take advantage of...
Practical Instance
NAS100 Price Tapped into a PREMIUM Breaker Block On Friday,
I don't trade on Friday's
On Monday, I expect a Continuation (most times continuations are FVGs)
After the tap into the Breaker... We expect another BOS since the low is weak and Targeted
Price takes out Sell Side Liquidity and taps into a OB around 2am EST
Wait for LIQUIDITY to be taken first. ⚠
You know I Solely trade EURUSD, (Ps GU has been giving me some... but I don't cheat😁)
On this fateful Morning, I had my SELL Setup... Liquidity Below and all
While I was waiting Patiently, I got on the Phone with my babe.
I came back to this, Price reacted off a M1 supply 👇🏾
Of course I realized that PRICE reacted of the Closest POI
Instantly, I had to act fast as the 1st Entry may not be tagged
I waited for a BOS And LIQUIDITY Below the SELL OB
A Plan is a Well DETAILED sets of INSTRUCTIONS and RULES, for the daily Operation of TRADING.
It's quite Personal in the sense that PLAN are drawn based on what you KNOW, TESTED and PROVED.
You can't trade someone else plan successfully
Before drafting of your PLAN, You need 👇🏾
📍 STRATEGY
What Strategy do you trade?
Is it RETAIL or SMC (SUPPLY and DEMAND, Order Blocks, etc)
You have to know what you trade.
I met someone recently that was using RETAIL + SMC.
Please it's doesn't work like that alot of RETAIL setups are seen as Liquidity in SMC