eb 29
It is important that we utilize the higher time frames for direction bias and target the highs or lows where liquidity is found.
ALWAYS trade in the direction of the HTF.
LTF are used to refine your entries.
1. Identify market direction - Daily/4hr chart.
2. Identify your current trading range. -Daily/4hr chart.
3. Get your Fibs retracement tool and draw from the bottom of the range to the top for a bullish market and from the top to the bottom of the range for a bearish market.
4. Identify your discount or premium area.
5. Within your point of interest identify, imbalances, order blocks, fu/ic candles.
Target will be the previous high or low.
It is important that we utilize the higher time frames for direction bias and target the highs or lows where liquidity is found.
ALWAYS trade in the direction of the HTF.
LTF are used to refine your entries.
1. Identify market direction - Daily/4hr chart.
2. Identify your current trading range. -Daily/4hr chart.
3. Get your Fibs retracement tool and draw from the bottom of the range to the top for a bullish market and from the top to the bottom of the range for a bearish market.
4. Identify your discount or premium area.
5. Within your point of interest identify, imbalances, order blocks, fu/ic candles.
Target will be the previous high or low.