Forwarded from the Algorithm trader 🏌
Currently running 90pips, hold this trade! We could be on a long term run
Market environment bro , market environment...
What algorithm usually do is this ....
The get the market environment using the higher timeframe , and how is this done ...
1 the get the entry level and the take profit level ...
So it is either the current market is heading for a rake profit level or a rentry level ... and how do u know this ...
Understanding who was inside the past leg and who is inside the present leg ... there are only two entities in the market place which are the algorithm and the banks... the algorithm always aim for bank rentries and engineers liquidity as it does so ... the banks after they have entered takes out all the the liquidity engineered as the run away ..
All u need to is get the
Market environment, using the higher time frame , ...then know that liquidities are rentry levels as price aims for the higher timeframe , and the is usually done on smallertimes ....
So don't lose sight of the higher timeframe because it sets the market environment, and the smaller timeframe must be seen as algorithm engineering liquidity as it aims for the banks rentry ... or possibly q rentry as the banks aims for stoploss ...
What algorithm usually do is this ....
The get the market environment using the higher timeframe , and how is this done ...
1 the get the entry level and the take profit level ...
So it is either the current market is heading for a rake profit level or a rentry level ... and how do u know this ...
Understanding who was inside the past leg and who is inside the present leg ... there are only two entities in the market place which are the algorithm and the banks... the algorithm always aim for bank rentries and engineers liquidity as it does so ... the banks after they have entered takes out all the the liquidity engineered as the run away ..
All u need to is get the
Market environment, using the higher time frame , ...then know that liquidities are rentry levels as price aims for the higher timeframe , and the is usually done on smallertimes ....
So don't lose sight of the higher timeframe because it sets the market environment, and the smaller timeframe must be seen as algorithm engineering liquidity as it aims for the banks rentry ... or possibly q rentry as the banks aims for stoploss ...
❤3