My main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level higher.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher
Your success is determined solely by your ability to consistently follow the same principles.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level higher.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher
Your success is determined solely by your ability to consistently follow the same principles.
Trade active
Got the entryNote
Solid reaction, like how price trading above 0,5 rangeTrade closed: stop reached
-1RNote
I shouldn't trade this setup, because my system tells me to not trade against swept liquidity, but I didn't notice bigger picture, that we took out already buyers and price probable movement lower or sideways:Note
Lessons learned, one step closer!
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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.