First my Draw on Liquidity has to be clear. What makes it clear for me is if there's EQH or EQL and a low resistance liquidity run to those EQH or EQL and that it's in alignment with my weekly and daily bias and where I think price is going to go off W/D charts.
Then when you have a clear draw on liquidity the setup I am looking for is this in the following order:
External or Internal liquidity raid or raid on a PD Array. TF preferred is M15 or higher. The higher the timeframe it is, the more significant the raid is. This is my HTF raid.
Typically price doesn't MSS immediately after the HTF raid. It may do another LTF raid which is that 'fu' meaning it's an extra stop hunt before the MSS.
While the raid is happening I want to see an SMT Divergence and then a market structure shift with displacement that leaves a BISI or SIBI. For MSS I want to see body of candle close below or above the high/low broken instead of wicks. I like to look at M5/M15 TF for MSS.
After the MSS that signals that I can start looking for entries. My favorite entry model is breaker within fvg or ob within fvg
I make sure that my setup is at least 2r to DOL with my stop is being placed at HOD/LOD or short term/intermediate term high/low that forms after raid + mss. I dont take anything less than 2r.
Because you have a LRLR, price should start expanding towards draw on liquidity fairly quickly. Now that you see price expansion you are now on the buyside/sellside of the curve depending on MMBM or MMSM.
While all of this happens pay attention to Time of Day. The Killzones & Macros are significantly important. You want your setups to form within these time slots.
Keep it simple. Price moves towards liquidity or imbalances in the market based on time. Trading nowadays almost all of it is fully automated with an algorithm and for algorithms to work it has to run on time first because you have to tell it exactly when to buy and sell.
Liquidity is where people have their buy and sell stops. When you look at a chart the first thing you should ask yourself is "Where is the largest pool of liquidity?"
In 2020 I first gained an interest in the markets when I saw it crashing on tv because of covid. At that time I was 20 years old. I was doing college part time and was blessed to have a dream job with a Design & Build firm. Out of high school I worked a 9-5 for 2 years.
During those two years I worked in the construction industry as project manager & designer for interior and outdoor living spaces because I wanted to learn more about real estate.
Here is a trading psychology tip that has significantly helped me recently:
A Thread 🧵
Maybe it works for you, maybe it doesn’t.
I wake up every morning NOT excited to trade and shift my focus on being excited to tape read. I tell myself before the day starts that I’m not interested in taking any trades unless I see a setup that has been forming going into the day
One of the reason why traders make dumb mistakes is because they get excited to trade as soon as they wake up before even looking at the market. When you do this you will think that every setup is an A+ setup and then all you end up doing is forcing trades under poor conditions.
2/ Start by looking at HTF charts (D, W, M, Q) on the weekend to create your weekly bias. Need to have a clear DOL for a good bias. If there's news then positions are closed positions before drop because you dont want to have bias going into news. After then you can reevaluate.
Here's how to use the Asia, London, and New York sessions to create your daily bias:
Thread🧵
♥️ & 🔁
For classic buy & sell days it tends to start out with accumulation in Asia which creates your range. During London you want to see a deviation of the range which is the manipulation before expansion in NY. These are the my favorite days to trade. One can look at this as AMD/PO3
This profile is another trend day template but instead of consolidation in Asia, Asia is an expansion move and then you're looking for continuation in NY in the direction of the order flow from Asia. Look at M15/H1 structure and look for LTF reversals.