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GBPUSD M15 Story

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8.8K views06:30

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This is way of explanation in my little way of understanding. Prices move in a particular way and reacts at POIs.
The following are possible POI to expect the price reaction.

1. Liquidities:
A. External Liquidities eg major High/ Low.
B. Internal Liquidities eg IDM, ENG LQD.
N/B: reaction at any of the above mentioned liquidities is considered to failed if candle closed over it.

2. Orde Blocks:
a. Decisional OB
b. Extreme OB
N/B: OB is considered to have failed if it is violated with either with candle body or wick.

Having stated above, the trading Hub 3.0 trading plan can now be seen as flow chart.

In either bullish or bearish market, same thing is applicable. For this study, let use bullish trend.

Imagine if price has confirmed BOS to the out side: when price confirmed HH by taking out IDM, the following scenarios can be seen:

1. IDM (int. LQD):
a....If taken with wick: the wait for SCOB and buy till previous HH.
b....if taken by candle closed below it: it is then considered failed for the POI.

Then the price push lower to :
2. Decisional OB
a.....if price gives entry in LTF ; buy till previous HH.
b.....but if price violate it with either wick or candle closed below it, it will be considered failed OB or POI.
In the.above situation, u can sell for the short term to either ENG LQD ( best TP)or Extreme OB. After taking out sub IDM.

If price keep.pushing lower to
3.ENG LQD:
a....if price sweep it with wick and formed SCOB, buy till previous HH.
b.....but if price closed above it; considered this as failed liquidity for POI.

And if price finally made to:
4.Extreme OB
a...., and gives entry in the LTF, buy till previous HH.
b.....but if price violates it with either wick or closed candle ,considered this as.failed OB.

But if price moves to the previous higher low

5. HL (ex. LQD):
a....sweep it with wick; still buy till the previous HH.
b.....but if price violate it by closing below it, consider it CHoCH.

N/B: while buying till previous HH
a.....if the price violate it with wick,and formed SCOB, sell till IDM.
b.....but if violate it with candle closing above it,.it will considered BOS.

SCOB/PCS is Basically used as confirmation at POI or continuation in an established initiated move.for scaling up trades without using 5mins timeframe.

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