The Algorithm trader 🏌
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I focus mainly on what actually creates the market"algorithm"
Disclaimer ...!Every analysis sent to this channel are for "educational purposes" not for signals .should u be interested in understanding this algorithm
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Well well , characteristics of obs are usually
1 there should be a running aways from the last negative candle
2 there should be an imbalance around the obs ,
3 there should be liquidity around it and all that ,
Yes yes you are not wrong too ,
But every female is attractive , but men go for ladies that is attractive to their eyes ,
The Algorithm trader 🏌
Order block , order block , order block. Folks complain there are too plenty an ob in charts , to spot the right one is almost impossible, Let me help u A little. Make sure u back test it , A valid ob that will reject price almost all the times are obs…
And yes , there's more to ob that meet the eye

Yes this can also fail too , if u are doing the right thing at the wrong time ,
What invalidates a valid order block ?

You as a trader would have noticed plenty times , price wicked that ob before going my way ! , price broke that ob before going my way , bla bla bla ,
What makes this happens ?

A proverb my mom told me when I was young that became a principle in my life , she said ....
Michael , if u are doing the right thing at the wrong time , u are wrong , if u are doing the wrong thing at the right time, u are wrong ,

I applied this to the market and you see , u can be seeing the right thing , doing the right thing , but if u are doing it in the wrong environment, or doing it at the wrong area or time , u are wrong ,

U can see the best of setups , the best of rejection areas , every thing can align for u , but if u are doing it , or seeing it right in the wrong place , area or environment, u are wrong ,

So what happens to obs that we possibly see right , but we eventually fail at it ?

1 the wrong environment , if u are in a bearish environment, and u spot a bullish order block that matches all criteria in the world , that order block would possibly fail , or engineers then fail

2 principle of double rejection block., this states that when ever u spot two rejection areas , the job of the algorithm is to (a) break the first rejection area for the one lower , (b) use the first rejection area to engineer liquidity for the second one lower ,
So when u spot an ob in the right environment, always check out for principle of double rejection, because if there are two obs arranged , one higher the other lower , price can do (a) and (b) listed above

3 obs that are packed close to each other , algorithm would likely wick the first one lower to the second one ,

Enjoy your week playing round this 🏌
Have a nice time making more research
👍1
This one , 30pips risk , I'm riding this 🏌
Narrative on gbpaud ,
The Algorithm trader 🏌
Bnb has every possibility of visiting 850dollars again 🏌
Was sitting at 1079 when forecasted, now currently 946 dollars , over 130dollar drop
The Algorithm trader 🏌
Outlook
Before the whole world saw it , I was there ,
Maybe not the whole world , but before majority of crypto boys could figure out what was going on , I was there , before the fall materialized, I was there 🏌