People ask me how do I do a top down , let me share this for yall,
1 i check the htf for
a the current market environment,
b where the market is coming from ,
c where the market is going to,
After getting that , it enables me to be inclined to what smaller tfs would do next ,
After getting that ( number 1)
I then go to the intermediate tf
1 to get it market creation ,
2 to get rentries into the htf
After doing that , I then go to the smaller timeframe around the rentry of the intermediate tf , and hunt for algorithmic willingness,
Should that be given , I then set my take profit in line with number 1
a the current market environment,
b where the market is coming from ,
c where the market is going to,
After getting that , it enables me to be inclined to what smaller tfs would do next ,
After getting that ( number 1)
I then go to the intermediate tf
1 to get it market creation ,
2 to get rentries into the htf
After doing that , I then go to the smaller timeframe around the rentry of the intermediate tf , and hunt for algorithmic willingness,
Should that be given , I then set my take profit in line with number 1
β€3
Watching how price closes today ,should we see a close below the previous daily high, we could have a bearish push to the downside, that would then be seen as a clean reversal, stophunting the previous sellers , trapping the bulls and also bringing the the bears ,
Should a close below the previous high is possible, we could see a sharp bearish push to the downside ... a close above ,? I would ignore all these talks and deem them as fairy tale , and the bulls could continue their move
Should a close below the previous high is possible, we could see a sharp bearish push to the downside ... a close above ,? I would ignore all these talks and deem them as fairy tale , and the bulls could continue their move
The Algorithm trader π
That being said ... my take profit sits at that daily high ... so now a bullish market creation should start πββ
Perfectly delivered π€½ββ
π₯2
The Algorithm trader π
βΉββ
I caught this dxy from the origin of its move !
The Algorithm trader π
Would be watching for bearish reaction off this level βΉβββΉββ
Nice reaction βΉβββΉββ