19 wins from 20 analysis.
THE SECRET BEHIND IT 🧵.
THE SECRET BEHIND IT 🧵.
Sometime ago, I did and talked about making 20 analysis and won 19 trades in a row.
There were murmuring that it wasn’t true and I was summoned by some top traders to prove it.
I provided the setups & explained the secret behind high win rate but some still said that I was lucky.
There were murmuring that it wasn’t true and I was summoned by some top traders to prove it.
I provided the setups & explained the secret behind high win rate but some still said that I was lucky.
Here’s the little secret behind it.
I attached above, 2 diagram examples of what I’m saying now.
B4 I choose a point of interest (POI) & consider it to be solid, I do make sure that it swept liquidity & created a new high or low.
When it does both, I check the Order Block (OB).
I attached above, 2 diagram examples of what I’m saying now.
B4 I choose a point of interest (POI) & consider it to be solid, I do make sure that it swept liquidity & created a new high or low.
When it does both, I check the Order Block (OB).
The order block that broke the structure is always my target irrespective of the candlestick colour.
Then, I go to Lower Timeframe (LTC) to refine the order block to enable me not have much risk at the stop loss side.
After refinement, I still make use of stop loss above 2%.
Then, I go to Lower Timeframe (LTC) to refine the order block to enable me not have much risk at the stop loss side.
After refinement, I still make use of stop loss above 2%.
Sometimes, it’s up to 3%+ SL & that gives my stop order enough space.
The market most times triggers the majority stop losses b4 triggering my entry & that is a top psychological indicator, I use people’s SL zone as my entry points, knowing that the market always goes for the SL.
The market most times triggers the majority stop losses b4 triggering my entry & that is a top psychological indicator, I use people’s SL zone as my entry points, knowing that the market always goes for the SL.
The next consideration is identifying valid/invalid Change of character (COCH).
When a candle uses its wick to break the previous low/high, it’s an invalid COCH for me, the action candle’s body has to engulf the previous low/high to be considered a valid COCH.
When a candle uses its wick to break the previous low/high, it’s an invalid COCH for me, the action candle’s body has to engulf the previous low/high to be considered a valid COCH.
The break of structure (BOS) is valid when it’s done with both a wick or candle’s body.
The green rectangular markings on the diagram are the valid Coch and the red are the invalid Coch.
That’s what I trade and that’s how I get higher winning rates.
The green rectangular markings on the diagram are the valid Coch and the red are the invalid Coch.
That’s what I trade and that’s how I get higher winning rates.
If you care to know more, send a Dm or click the WhatsApp link on my bio and I’ll guide you through.
#NFA
#DYOR
#smc
#psychology .
#NFA
#DYOR
#smc
#psychology .
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