David, I’ll try to explain it to you.
First of all, read what Jay wrote on the issue of so called “order blocks” – just scroll it a bit down.
I have no idea who came up with that story on order blocks, but it is a pure BS.
As for the liquidity that you are mentioning – there is a liquidity 24/7 – just sometimes it gets pretty high…Trying to figure out the reasons behind the move are not productive – it is never the same reason….and it is the past tense…
All the info on the Rate of any instrument is on the Chart – you just have to learn to “read” it correctly.
Look at the bigger time frames charts , like 1h , 4h and even daily…there you will find a reason for market not moving as you have anticipated.
You must stay away from the anticipations and go with the flow – meaning – detect the wave forming ( up or down) on the time frame of your choice and once you get a confirmation, go with it…
Stay on it ( the wave ) till your profit target is met.
To decide on the profit target, you start from your stop – if the stop is 5 pips, your target should be at least 10 pips.
That is the system.
But if you continue trying to predict the future, you gonna fail.
You should trade only what you see – not what you think.
I saw this market as a bullish trend but it is an inducement because the liquidity above have not yet taken, so price is going there to pack people’s or trader’s stop losses, the chance direction to the down side to look for another liquidity, both internal and external, am I right? I just need more explanation
Ok Robinson – here comes the chart for you and below read what one of our crew members wrote just for you 😀
Let me add something on order block.
Here is a definition
An order block is a price area on a chart where large institutional traders have previously placed significant buy or sell orders. These areas can indicate potential support or resistance levels and can help predict future price movements
In the old days, bank traders were free to pass on order info and in fact we used to get some of it first (or second) hand on our forum.
However, times have changed,
1) The era of the bank spot trader is gone. There are no longer spot traders. There are order fillers who work the electronic platforms to execute customer orders.
2) More important, bank traders are no longer permitted to disclose order information so there is no way to know about customer orders.
Furthermore, just because there were buyers/sellers at some level in the past does not mean they will be looking to buy/sell at the same levels this time as market conditions have changed.
So, as Bobby said, the order block is BS. I saw a prop firm promoting using order blokcs and as we know, prop firms want traders to fail so this should tell you all you need to know about using it.
Now, there is a way to know when a large order is going through the market without knowing the details. I will be explaining how to identify those times in my Common Sense Trading. Feel free to ask.
Robinson – Your USDJPY chart is very good !
Try not to overcomplicate things and as you caught the exact Channel there, stay with it.
One technical explanation : It is a channel , not a Rectangle – Rectangle is Horizontal – here you have a nice angle – so Trend Channel
Your GBPCAD chart is more of Jay’s style, and you did it good – just try not to go predicting next move…it never works as planned…always look for a Wave in creation and Patterns ( we’ll go over that a bit later – first get good in this…and you are getting good J
As for your question : Orderblocks and Fear something…no offence mate, but that is a pure BS believe me – each time you hit something like that, ask about it as you just did , and we will give you a straight answer – like it or not J
Hi Kolawole – Welcome.
I’ll try to explain you how this works :
– To save everyone’s time, members have to learn basics first
– All that you need to know is either in our Blog or Forex Trading Glossary
– Just type the word in the search ( on the right top of the screen, just by the Login/register button ) like “moving averages “ and in a few seconds you’ll have everything in front of you
– Once you get to know what is what, it won’t be a problem to guide you further
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– What you can expect is to get a real knowledge from real veterans
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– Once you start learning, whenever something is not clear or understood, just post here a question… straight forward..we’ll answer
– We do expect from you ( and everyone else ) to show us where you stand in trading , what you know or don’t know and to guide us in the direction of your desired knowledge
– You can also e-mail us with your questions :
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– You can see just below your posting , if you scroll it a bit down how we communicate here
– Every question will be answered – sometimes it might take a bit of time as we are not present 24/7 and sometimes even we need some time to figure out what the question is all about – Like with Robinson’s last question…I am thinking for 2 days what and how to answer it….
Pls I need someone assistance
I won’t to learn trading but I don’t no anything about it but if u can help me with d following things
1) a mentor ( someone dat will guide me
2) wat app will I be using as demo
I promise d person dat answered me I’ll give my full cooperation and when I stop demo trading every cashout I make for a month I’ll give him half
Pls 🙏 help me
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