GHOSTFOREXReaper

GHOSTFOREXReaper Updated 

just because price is in your zone it doesnt mean pull the trigger ( biggest psychology prepare to lose less not to win)

GHOSTFOREXReaper Updated 

what could possibly happen if we dont apply risk management its either you win or become liquidity how many are watching this zone?

GHOSTFOREXReaper

If liquidity grab occurs on both side of the consolidation then why not have high expectations of price dropping to the huge imbalance that it left???

GHOSTFOREXReaper

according to the interbank algorithm the market will always move in 4 phases in these phases you have to master 1 whether it can be the price expansion where it grabs Liquidity or the retracement where it fills in pockets or imbalances

GHOSTFOREXReaper Updated 

not really this is the zones that i am monitoring though but i would say wait for confirmation if we both seeing the same thing

GHOSTFOREXReaper

Well we can't predict the market but we can only react or wait for confirmation on our POINT OF INTEREST

GHOSTFOREXReaper

although aggresive entries are good for those with big trading capital but they are ineffective in your trading journey in the long run and confirmation entries give you a tighter stoploss and they allow you to use a bigger lot size

GHOSTFOREXReaper

for those who were waiting for confirmation i guess gold aint coming back for real

GHOSTFOREXReaper

gold left out a lot of imbalance that needs to be filled up and basically where there's imbalance banks see liquidity (IMB/FVG)

GHOSTFOREXReaper

the overall direction of price its on a clear uptrend that means will be looking for buys on possible areas that are unmitigated and have imbalances so if you missed an entry well guess what it is very possible to get a an entry

GHOSTFOREXReaper

well if the higher timeframe orderblock breaks through structure surely you will consider the point of interest as an opportunity to make money with a better risk reward ratio but how many scale down to a lower time fame and confirm or validate the higher time frame signal?? well wheb you go to a lower time frame price usually test a lower time frame orderblock 2...

GHOSTFOREXReaper

although fundamentals might affect the trade idea but technicals always overule fundementals 90% of the time but the external liquidity must be taken out

GHOSTFOREXReaper

well when it comes to which zones you wouldnt wanna trad off a zone that has liquidity below it or on top of it you should always check for liquidity first before considering a zone

GHOSTFOREXReaper Updated 

price will always grab liquidity and return to its forma significant high or low so always check for liquidity before marking up your supply and demand zones

GHOSTFOREXReaper

price did bounce on our 4hr ob on friday will it continue to rise

GHOSTFOREXReaper

The trend is your friend??? well yes for small gains and being liquidity for institutions i'd rather follow points of interests that caused liquidity grab

GHOSTFOREXReaper

nasdaq creates external liquidity 95% of the time and it always come back to grab it if price sells maybe it will react at our last point of interest

GHOSTFOREXReaper

it's either you can use currency correlation as an indicator for your technical analysis for more clarity and this is another hack to double up quickly though