Many traders up till today do not know or have no adequate knowledge on Inducements & when a valid inducement has been formed on their trades
This entry criteria is one that is Quite simple but yet misunderstood by many
A Thread🧵🪡
You're all welcome💯❤️
This thread contains enlightenment that would be super beneficial to you & many other traders, so it'd be selfish if we don't first Repost the first post in this thread above so others get to see, read & benefit from this
Done that ??
Let's get started
Ladies & Gentle men
You're welcome
Distinguished traders & Technical Analysts, I welcome y'all 💯❤️
In this Thread, we'd be looking at 3 things
▫️The Inducement Theory
▫️Valid Inducement
▫️Inducement Entry, Models & Type
At any point you do not understand pls ask questions
What are INDUCEMENTS?
Inducements are simply internal range liquidities lying close to an area of value or an entry
Think of Inducements in this fashion
Liquidity + Entry = Inducements
Meaning without an Entry or a POI an internal range liquidity cannot be called an Inducement
What is a Valid Inducement ?
A Valid inducement is one which lies close to an area of value, and has taken out the previous level(high/low) that created it.
Image below
What are types of Inducements ??
▫️Equal Highs
▫️Equal Lows
▫️Trend line Liquidity
▫️Double Break (SMC trap)
An Explanatory video below just in case it didn't sink in properly 🫶❤️
Now that is out of the way, let's look at some real live chart examples on Inducements and see how they're engineered in the market
Do take note of the criteria that makes an Inducement a valid one and be on a lookout for them below
Case Study on EURUSD
Look closely or better still, zoom in for clearer view
Left = A Case Study on EURUSD
Right= A Case Study on GBPUSD
2 Case Studies on GBPUSD
Some more examples to strengthen the illustrations
Video Explanation
Case Study 1
Video Explanation
Case Study 2
Lastly being that → Because price actually seeks these inducements first before going for the entry, placing your entry points at the Inducements will guarantee that you never miss your entry on any trade
The only downside being that your RR on the trade will reduce
Example ⤵️
That'll be all for this thread
If you understood & enjoyed everything thus far, give me a follow here @Techriztm & @X100Learnground
Weekly I put out great contents like these to help you on your journey as a trader.
Assignment for a $6k Stellar Challenge account below
Assignment
3 Students would be given a $6k Stellar Challenge based on the neatness of their submission & their compliance with the request
▫️Find where an Inducement played out perfectly on EURNZD chart 📌
Good luck !!
And because the internet is an oasis of information these handles below are definitely a few of them you should never joke with if you want to learn and grow as an Analysis
My journey coming up as a medical student and trader wasn’t so difficult
I usually tell people that appropriate scheduling and Discipline kept me on my ten toes and made my work 10X more effective even whilst attending classes
Below are 7 key things I did differently
A 🧵🪡
1) Wake up before everyone‼️
Waking up before others gives you a head start advantage above others at your day.
I woke up early, primarily to schedule my to do list for the day, attend to yesterday’s unfinished work and pray over the days activities (putting it into Gods hands)
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Understanding this also gave me a competitive advantage over my day, because I understood that everyday was like a task unfinished and so I had to plan how best to approach those tasks
If you have problems finding & Trading Valid Breaker Blocks or Understanding what to categorize as a Hidden Block and its types
Then this 🧵🪡 is for you
Like & Repost for others !!
An 𝕏 Th~read series !!
Open⤵️
It's nothing new that lots of traders do not like to trade Breaker Blocks or Hidden Blocks due to their self imposed Fail rate. Many traders do not trade them because as they said "Fails lots of times"
In this Th~read I'd be showing you things to take note of Trading Breakers
That'd guarantee you high success rate in trading them
▫️Kindly Repost the first post in this Thread so others can benefit from this
▫️Get your Noting materials
If that is settled
Ladies and gentlemen, shall we ??