US 100 Cash CFDShort
Q3 Sell Off Bias Breakdown Part 3 Simple Explanation +Screenshot
Updated
For how most people I know trade, we have a few simple steps to follow in order to identify a good trade setup. We need to:
1. Determine current price location on our chosen higher timeframe - are we in Premium or Discount.
2. Check whether we've taken any liquidity on our selected higher timeframe.
3. If liquidity has been taken immediately, switch to your preferred lower timeframe and look for the same setup aka liquidity being taken.
4. if you've Confirmed liquidity has been taken, now you need price to follow up by a break of market structure on a short-term low or high.
5. If step 4 is completed successfully, we can now look for entry on our trade ONLY IF PRICE HAS LEFT THE FOLLOWING BEHIND!!!!
gap, order block, or breaker block.
1. Determine current price location on our chosen higher timeframe - are we in Premium or Discount.
2. Check whether we've taken any liquidity on our selected higher timeframe.
3. If liquidity has been taken immediately, switch to your preferred lower timeframe and look for the same setup aka liquidity being taken.
4. if you've Confirmed liquidity has been taken, now you need price to follow up by a break of market structure on a short-term low or high.
5. If step 4 is completed successfully, we can now look for entry on our trade ONLY IF PRICE HAS LEFT THE FOLLOWING BEHIND!!!!
gap, order block, or breaker block.
Note
https://www. tradingview.com/x/8UODwC4o/ Step 4
13 Entry Styles Below for step 5
Step 5: Choice of different entries you could use “ONLY IF price has created your break of market structure which signifies your shift of market direction." It doesn't matter how you trade you must always wait for liquidity to be taken.
https://www. tradingview.com/x/4MTeMjzc/ Choice 5
BPR(Balanced Price Range)
https://www. tradingview.com/x/lYzpYGXD/ Choice 10 Banking Levels Quarter Points
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