The Algorithm trader 🏌
Weekly price has touched the imbalance and currently rejecting off it ... A further downside move ?
Do u know that we are approaching 200pips ? 🥶🥶🥶
The Algorithm trader 🏌
Let's hit a sell limit on our poi1 shall we ? This is a very low probability sell . Because we could be liquated based on structure .. well a retracement is possible 🏌♂
Well we got liquidated just as said , 146dollar loss 😒
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The Algorithm trader 🏌
Still in a formation stage ... This could easily be broken , but I am kind of interested in what Algorithm is showing here tho...
Price is currently doing several thousand pips in our favor
There's a secret I would share with y'all right now ..
Algorithm and banks works mainly using htfs such as the monthly and weekly ... They give entry levels and tp levels in this tfs ... Now the smaller timeframes are not for mere trading .. according to the banks and Algorithm theory, smaller tfs are used by the algorithm to give rentry levels to the banks as Algorithm drives price into the htf level ...
Htfs are used for market directions, ltfs are used for rentry levels that would follow the htf move 🏌♂
Algorithm and banks works mainly using htfs such as the monthly and weekly ... They give entry levels and tp levels in this tfs ... Now the smaller timeframes are not for mere trading .. according to the banks and Algorithm theory, smaller tfs are used by the algorithm to give rentry levels to the banks as Algorithm drives price into the htf level ...
Htfs are used for market directions, ltfs are used for rentry levels that would follow the htf move 🏌♂
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So now , what happens to traders that don't have the htfs direction in mind .?