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…
That ob that broke the previous structure 🏌
👍1
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 🏌
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 🏌
The Algorithm trader 🏌
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…
Number 2b , price use the first ob , engineered both Bayside liquidity and sell side liquidity for the one lower ,
👏2
The Algorithm trader 🏌
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…
2a , price tears thru the first ob for the one just lower before going higher,
Take note of the first one , it broke the previous structure right ? See how price tore thru it ?
Take note of the first one , it broke the previous structure right ? See how price tore thru it ?
The Algorithm trader 🏌
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…
Number 2 , look closely 🏌
The Algorithm trader 🏌
Should this short term high break , it validated a bullish reaction on the daily and this 30m level would be a level to consider , fails to break , this level is rendered impotent ,
This failed on the end. Because there was no short term high break 🏌
The Algorithm trader 🏌
Narrative on gbpaud ,
Bearish outlook, bullish outlook
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 🏌
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 🏌
The Algorithm trader 🏌
Outlook
I was there , and now from the previous analysis posted , till today , eth has dropped over 1400dollars , 1400dollars drop ! ,
I saw it , I posted it before it started happening, and now?
I saw it , I posted it before it started happening, and now?