Pullback OTE + OB Trade Strategy
Updated
Pullback OTE + OB Trade Strategy
Pump + Pullback to OTE + Orderblock Strategy.
Tapped FVG below + Weak High = ripe for more pump. Just has to gather more gas at the orderblock to fuel the breakout.
I just can't think of any good or new thing to say about this.
I've done this several times.
You can follow this or not, it depends on you. Just put a stoploss and proper position sizing so you're good.
Pump + Pullback to OTE + Orderblock Strategy.
Tapped FVG below + Weak High = ripe for more pump. Just has to gather more gas at the orderblock to fuel the breakout.
I just can't think of any good or new thing to say about this.
I've done this several times.
You can follow this or not, it depends on you. Just put a stoploss and proper position sizing so you're good.
Comment
ALSO!This is building off of the WinLev Pattern I posted previously.
Kinda just catching the high probability uptrend.
So it's a double long bias entry.
HIGHER TF = WinLev
LOWER TF = PULLBACK OTE + OB
shit's good.
idk if it'll work though.
just double the probability is probably a good idea.
Trade active
Trade closed: stop reached
WELP.SL HIT.
It got so close to TP point yesterday though.
Sad.
Anyway.
Reason trade failed?
1. Strong resistance
2. Too ambitious tp point?
3. I should have closed the trade once I saw price made a lower high and flipped to the downside.
4. Maybe I should have made the SL or even entry point a lot lower than the FVG? Current price just bounced from the FVG and it looks like a good re-entry point. I'll see what I can do.
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