This is what we look for - A clear HTF bias, coupled with a LTF liquidity level that, if taken, will offer us an excellent R:R trade.
More specifically here, I am looking for the LTF sell-side liquidity to be taken and a quick/high volume reclaim - proving both intention of buyers and failure of sellers.
Without that move, we can still take a trade - however we will be missing 2 key parts to a good trade entry:
1. Much less confirmation. Liquidity still sitting below a clear level (even if LTF) that will want to be targeted at some point
2. Risk level further away and bunched up. The HTF risk level that we would have to use as our stop would be coupled with many HTF traders as it would be the last swing low. That leaves us sitting at an obvious stop and also limits the R:R of our trade in the first place.
Patience here. If our plan plays out, we will be happy with a win or loss. If we force a trade without the necessary confirmation, we will be okay with a win (though you will be taking immediate profits because you're never sure when we'll swing back to this liquidity) and the loss will just get us into a deeper hole on our journey toward respecting our rules and creating a profitable system.
Happy Trading :)
More specifically here, I am looking for the LTF sell-side liquidity to be taken and a quick/high volume reclaim - proving both intention of buyers and failure of sellers.
Without that move, we can still take a trade - however we will be missing 2 key parts to a good trade entry:
1. Much less confirmation. Liquidity still sitting below a clear level (even if LTF) that will want to be targeted at some point
2. Risk level further away and bunched up. The HTF risk level that we would have to use as our stop would be coupled with many HTF traders as it would be the last swing low. That leaves us sitting at an obvious stop and also limits the R:R of our trade in the first place.
Patience here. If our plan plays out, we will be happy with a win or loss. If we force a trade without the necessary confirmation, we will be okay with a win (though you will be taking immediate profits because you're never sure when we'll swing back to this liquidity) and the loss will just get us into a deeper hole on our journey toward respecting our rules and creating a profitable system.
Happy Trading :)
Weekly 'In the Trades' Newsletter - My favorite tradable setups right to your inbox!
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betweenthetrades.substack.com
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
Weekly 'In the Trades' Newsletter - My favorite tradable setups right to your inbox!
betweenthetrades.substack.com
betweenthetrades.substack.com
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。