SO I was able to win this. idk how. but..
oh wait I know.
Here's what I did right.
0. I checked the Levels (W>D>HR>KEY LEVELS) of the Forex Market pairs on Saturday.
-I plan to keep re-assessing this every week, as practice, and to see how price is moving.
1. I assessed day bias & market intention. I guess I hit the nail on the head here.
2. Saw price trending up, so I plotted my fib and frvp. Confluenced with FVG.
3. Instead of entering on the OTE Zone, I waited to see if it would be respected. It did.
4. Instead of putting a limit entry, I set an alarm on my intended entry zone. So when it got hit, I setup my buy limit.
-I think I can improve this by putting a buy stop limit on the OTE ZONE as entry trigger, and the actual buy stop at the intended entry zone. So, if OTE is HIT, then activate LIMIT ENTRY @ price breakout(the choch line)
5. I looked farther to the left to see what's a probable target. I found one, so I targeted it. It was the weekly & daily FVGs above.
It's more or less lucky that I hit it? Price really just had a strong momentum... and before the momentum, it hit a bullish fvg below.
What happens after price rebalances an FVG? It seeks liquidity on the opposite side. This is what happened. And I caught it right this time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.