Important orders in the market : Section 1
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This is the part of price action that allows entry and exit to positions.
Here the sequence of emergence of important resistances/supports, continuation of the trend and accumulation of liquidity is specified
When we have an important node from which strong falls occur and after hitting support/resistance, the price returns to this node, if it does not reach the node and moves again to the opposite side of the node, we are actually We are creating a liquidity pool. Here we do not enter the position.
To enter the position, we wait until the price of liquidity collects and reaches a node. Here, our stop should be somewhere above the node.
The story is not only that!
When the price reaches the main node, another node is created, which is also important for us. Next, if the price returns to the new node, we expect a swing from the newly formed node, and here again we enter the position with a stop above the new node.
This is the part of price action that allows entry and exit to positions.
Here the sequence of emergence of important resistances/supports, continuation of the trend and accumulation of liquidity is specified
When we have an important node from which strong falls occur and after hitting support/resistance, the price returns to this node, if it does not reach the node and moves again to the opposite side of the node, we are actually We are creating a liquidity pool. Here we do not enter the position.
To enter the position, we wait until the price of liquidity collects and reaches a node. Here, our stop should be somewhere above the node.
The story is not only that!
When the price reaches the main node, another node is created, which is also important for us. Next, if the price returns to the new node, we expect a swing from the newly formed node, and here again we enter the position with a stop above the new node.
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