kingmidasgoldtrades
Essentialthis USDJPY SELL MODEL is exactly the opposite of the XXXUSD pairs.
an actual trade that was placed on my prop firm challenge account.
note: previously in the week of 7/28 we wanted to snipe the 4hr orderblock reversal candle... not waiting for price action to truly consolidate/mitigate in that zone. FOMC dropped price further than expected.... this is why to stay with trend/orderflow until it is confirmed the ORDERFLOW as switched. BIG BANK ENTRIES AND BIG TIMEFRAME ORDERFLOWS.. ..; once...
first step is always ZOOM OUT. and find a higher timeframe orderblock 1. your first entry can be directly off the reversal of trend. 2. you also can wait til price reverses and wait for an entry within confluence and confirmation of continuation of trend. TREND ALWAYS FOLLOWS DAILY AND 4HR ORDERBLOCK. in this specific example the 2hr orderblock played as an...
Step 1. Zoom Out and Become Aware of Weekly, Daily, 4HR Orderflow. (a recent orderblock that got smacked) 2. Zoom Into Lower timeframe and Mark previous lows as liquidity. 3. During Major Session (New York or London) wait for price to move aggressively OPPOSITE of your bias. when this occurs set an alert below the Low or watch it. 4. when price wicks below the...