Get started

Orderblock

SPX Top Down Analysis 9/27/22We are trading within a range near the most recent low on the daily after a big move to the downside. Definitely still overall bearish but we are trading into HTF points of interest to the downside, basically buy to sell setup's in the making. Missed the trade yesterday off of the range high but that's okay. Lots of news today so I won't be so quick to pull the trigger and just be more reactive today. 7:30am USD Fed Chair Powell Speaks 8:30am USD Core Durable Goods Orders m/m 0.3% 0.2% USD Durable Goods Orders m/m 0.1% -0.1% 9:00am USD HPI m/m 0.0% 0.1% USD S&P/CS Composite-20 HPI y/y 17.1% 18.6% 9:35am GBP MPC Member Pill Speaks 9:55am USD FOMC Member Bullard Speaks 10:00am USD CB Consumer Confidence 104.0 103.2 USD New Home Sales 500K 511K USD Richmond Manufacturing Index -10 -8
BLACKBULL:SPX500
by Cory4rex
$XAUUSD to short after reachng 4HR FVG *SMT+\*SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Tasla or Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will do 2 things 1) move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and 2) Move toward Imbalance (Fair Value Gaps, Liquidity Voids. Open Gaps) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.* Even though Im calling short could also long it until it starting, However, I feel like the move to short will be a quick on and unless I set a take profit on Longing it, I may lose out on the full potential of shorting, in which I have 3 take profit goaks. On a Higher Time Frame (4 hour) There are two imbalances neat the current price. 1 above and 1 below. The question is why do I believe it will strike these imbalances in this order? First it will appear as if that market is taking it up because there is liquidity on the sell side. More than likely it will break the little liquidity point above within the 15 min fair value gap. Here I would expect it to consolidate through the Asian Session but break the swing/spiked high during that time frame, leading retail investors to believe it will continue bullish, but will move back down under that high. At midnight NY time is when the algorithm will take effect. Whatever price it is at that time is what kind if effect price will do moving forward. I believe that after midnight it would slightly drop to convince retail traders that it's shorting, then the Judas swing kicks in. This is where it will run up into the 4 hour fair value gap where there is a daily bearish order block. Here is where to expect the price to get rejected and maybe spik e up to fill the 4 hour FVG, then you start to see the price decline due to the curtrent equal lows where there is liquidity. Institutional investors would want to hold on to their investment but make a profit of the shorting of gold and place sell stops just above the low. As all that liquidity floods the market, the price runs down into the 4 hour fair value gap below the liquidity line. At this point the price is now a duiscount in whjich institutional investors quickly pick up the tab on the cheap prices and at his poinmt yo may see the pivot toward bullishness as the dollar may start finally lowering.' Additionally, After checking the CoT report Institutional investors have been adding longs to their positions, expecting a long eventually but until they start adding shorts, is when I expect to see longs. Just my thoughts and thew esperience I've seen from these types of charts and formation via Smart Money, I'm Testing my students and many have the same thoughts, so we'll just have to see what happens :) -BodiesXWuiix
OANDA:XAUUSDShort
by BodiesXWix
EUR/USD Order Block Setup - Support BounceEUR/USD has been bouncing between support and resistance for a month. On the 4-hour chart, we can see the price bounce perfectly between these two zones. The support zone - 0.99 The resistance zone – 1.005 We have a nice order block at the bottom of the support zone. I have highlighted this zone in orange. We take the most previous bearish candle before an impulsive move upwards. Currently, we can see that the price has pierced straight into the order block zone and is currently retracing. MY target for this OB zone is previous support at the 0.9969 price level. We have some nice confluence for this order block zone. We have the OB zone lining up nicely with previous support that the price likes to bounce off of. We were also expecting the price to come back down to this level because of the price gap we see when looking to the left. I have explained this imbalance in the video below. Not every single order block will hold. We need to find the ones that have the most confluence surrounding them and enter with proper risk management. We cannot find one and just assume that it will work. Please always do your due diligence before entering an order block. The Vortex Trader
by TheVortexTrader
1
Gold. Its OB, And more importantly where its CHoCH? 9/Sept/22Gold. As a “contribution” to tradingview ( many thanks to tradingview for providing such a good free charting platform) community ( Today I’m going to share my own interpretation of OB ( order blocks), and most importantly where is the “exact “ location/pivot/level of CHoCH ( change of character)?. A concept with BOS ( break of structure) which has been used by advanced naked/ Price action trading traders without any indicators. . It will cut “novice traders” learning curve from 3-5 years even 10 years where they are searching for “holy grail “ trading system/indicators..The biggest question for this concept of trading will be “where” is the exact location of CHoCH? ( change of character = change of “previous underlying trend” )..The “ANSWER” is! = at subwave b of any last leg of impulsive wave which is wave 5. < p/s unlike conventional Elliottwave rule there is ONLY abc subwaves “inside” any impulsive wave..> Last but least many thanks to @makuchaku and @Efe for coding the such a great “super OrderBlock..” script/ indicator which help us/traders to “visualize “ where is OB, FVG Although we still need to find where is “CHoCH” “manually”..
FX:XAUUSDLong
by SteveTan
1
GBPUSD - Retracement, then Short DXY is showing the willingness to go higher, which should lead GBPUSD to go lower. We have an M formation. When we have an M formation, we want to see price retrace up to its neckline (the lowest point in between the M). Price created a Volume Imbalance / Vacuum Block in price. This is a huge gap that price usually hurries back up to fill. I expect the majority /the whole Volume Imbalance to get filled and then go lower from there... We have a Market Maker Sell Model which should lead price to go below the grey boxes (consolidations aka Liquidity Pool).
Short
by Bastianelton
Easy Order Block Setup On EUR/USD – Major Bias Still ShortI see a possible Order block short setup on EUR/USD in the 4-Hour Chart. Last week, I suggested that the major 4-hour support has been tapped multiple times. We were speaking about how lines of support eventually break if the price keeps tapping the same price point. Well, we have seen a breakthrough. Now, we need to be careful of false breakouts. We have a descending trend line acting as resistance and we have seen multiple order blocks succeed in the past few weeks for EUR/USD. Taking all this into consideration as well as the fact that our bias is still bearish, we have reasons to look for further short entries. I have highlighted the order block zone in yellow. I always look for the most recent bullish candle before the price impulsively breaks to the downside. We can see that this particular order block entry lines up nicely with the descending trend line. We must beware of false breakouts. As we are so close to broken support, I would not risk my usual one percent or so on this setup. I would risk half of that. I would grade this particular setup as a grade B setup. We have all our requirements, rules and criteria met. However, because we are so close to broken major support and we do have strong bullish volume, this concerns me. So whilst I would trade this just like any other order block, my lot size would be smaller and my risk would be less. I am waiting for the price to push back up into the yellow order block zone. I always aim for a minimum risk to reward of one to two, or one to three. My stop loss would be placed a few pips above the high of the order block zone. My entry would be somewhere in the middle of the order block zone. My target would be the previous price structure which is the broken support level at the 0.991 price point. This is just one possible setup out of many. If this setup hits my stop loss, I'm perfectly ok with that. I simply move on to the next one. Remember, trading is a game of probabilities. We don’t know which way the dice are going to roll. However, if we know that if our edge wins a certain amount of times out of a hundred, then we know that eventually, sooner or later, we will come out on top and in the green. I hope you all have a great Wednesday. The Vortex Trader
Short
by TheVortexTrader
4
EUR/USD Order Block SetupToday I am trading a possible Order block setup on EUR/USD in the 4-Hour time frame. Looking left, we can see that we had 4 wicks touching the previous support level. We then had a candle push through and close below that level. This setup is very similar to yesterday's post on AUD/USD. The same rules for the position have been met. I looked for the most recent bullish candle before the bearish impulse sending the price below this support level. I highlighted this candle from bottom wick to top wick and extended it right. This yellow zone is called the Order block zone. We can also abbreviate it and call it the OB zone. I am now waiting for the price to retrace back into this yellow OB zone before opening up my short position targeting the previous price structure around the 0.997 price position. EUR/USD is still bearish in my opinion. This means I am still looking for short entries. Depending on where we place our entry will impact our possible risk to reward. Some traders place their entry at the very bottom of the OB zone. Some traders use the very top point of the OB zone. I prefer to place my entry somewhere in the middle of the OB zone. My stop loss will be a couple of pips above that previous large wick. I use this area just so I can protect myself from any possible stop hunts. My risk to reward will be 1 / 2 Order blocks need copious amounts of backtesting. There are so many ways of trading them. Some traders will spot them in higher time frames and then use lower time frames to enter them. I am a swing trader and only have time to enter on the 4-hour chart. This is why I trade them as I do. Use volume to help confirm price movement and always remember to trade with the current trend. Trading against the trend is more tricky and can be hazardous to your trading account. Remember to be mindful whilst trading. See you on the next one. The Vortex Trader
Short
by TheVortexTrader
2
Bearish bat Usdjpy has created a bearish bat pattern in h4 chart, we see the XA leg as an impulsive leg because the swing in A broke a previous low and this thing is really positive because shows that the sellers are becoming stronger and it could be a first signal of a Change of Character (market changed from bullish to neutral now). We have fundamentally 2 possibilities to trade this kind of setup , the first one has the imbalance as target, that specific zone is really intereasting because there is an orderblock whereas the second opportunity can let us make big money if price breaks the lat low and starts a mean reversion. Send me a message if you want to be updated and trade with me and my team! Enjoy your trading and apply solid MONEY MANAGEMENT RULES!! tHE ITALIAN TRADER!
Short
by Dragon_Investments
2
AUD/USD Short Setup - Order Block EntryToday I am trading a possible Order block setup on AUD/USD in the 4-Hour Chart. Looking left, we can see that this major support level has been broken. This support level has been held since July and only was broken yesterday. We saw the price close below this level clearly showing a break in this level. I looked for the most recent bullish candle before the bearish impulse sending the price below this support level. I highlighted this candle from bottom wick to top wick and extended it right. This yellow zone is called the Order block zone. I am now waiting for the price to retrace back into this yellow OB zone before opening up my short position targeting the previous price structure around the 0.684 price level. Depending on where we place our entry will impact our possible risk to reward. I always like to use the middle area of the Order block zone as a point of entry. My stop is placed a few pips above the most recent wick to give myself some room should the price decide to liquidate some positions. I then like to take targets at a one to two risk to reward. If we hit the one to two RR then I will scale out and let the rest of the position run. These Order blocks can be fantastic setups and can present very profitable positions, but we have to make sure we trade them carefully. I suggest doing a lot of backtesting before trading these live. There are many ways to trade them and I think the best way to approach them is for you to determine what works best for you. This means, going back in the charts and demo-trade them across time. Then forward test them on a demo account. Decide how you like to choose your entries, targets, and stops. Once you come up with a strategy that works for you, then trade a sample size of around 20 to 25 positions and see if it is profitable for you. There's no rush. Trade carefully and slowly. Trade mindfully. See you on the next one. The Vortex Trader
Long
by TheVortexTrader
⁉️ What is OrderBlock? ‼️ Order Blocks are candles where Market Makers (Banks) have placed their positions, generally, the market returns to those candles and they are never violated. There're 2 types of Order Blocks: 1. The Bullish Order Block is the last bearish candle before the bullish movement, that Break The Market Structure Higher. Represents a high possibility of holding the price, when the price returns to it. 2. The Bearish Order Block is the last bullish candle before the bearish movement, that Break The Market Structure Lower. Represents a high possibility of holding the price, when the price returns to it.
Education
by Snick3rSD
9