It is called orderblock , why ? What do we really think an orderblovk is ?
Lets separate the words if it could make any new meaning to u , orderblock= order block ,
A block where order resides ...
An order means u give an authoritative instruction to do something.
An orderblock should then mean that a block that contains authoritative instructions to give entrance to the banks into the market, and once the banks are in the market, all they see is liquidity , so an orderblock again , can then mean that when it is formed , it should
1 take out liquidity ( break market structure)
2 be used as rentry to take out liquidity (or break ms )
If this is used in the right right right environment, damn !
Lets separate the words if it could make any new meaning to u , orderblock= order block ,
A block where order resides ...
An order means u give an authoritative instruction to do something.
An orderblock should then mean that a block that contains authoritative instructions to give entrance to the banks into the market, and once the banks are in the market, all they see is liquidity , so an orderblock again , can then mean that when it is formed , it should
1 take out liquidity ( break market structure)
2 be used as rentry to take out liquidity (or break ms )
If this is used in the right right right environment, damn !
👍3
The Algorithm trader 🏌
Photo
Look closely, u see that small ob that bms , orderblock mate ....
The Algorithm trader 🏌
Playing out 🏌♂ , lets take out that high shall we ?
And now , "under every circumstances " every circumstances, its rejecting price