AKRX ask stack. 2 ask stacks previously delivering, could be the third one. 2:15 and 2:26 bull/bear orders are matched at size so the draw battle comes from current ask stack.
AKRX ask stack. 2 ask stacks previously delivering, could be the third one. 2:15 and 2:26 bull/bear orders are matched at size so the draw battle comes from current ask stack. {image}
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AKRX tracked level 2 order flow, huge buyer came in at the market order, over 80k shares long filled and partials. Sold short asap on break even, longed after retrace, sold long on break even aswell. Stack pattern is all about very tight order flow battle, one better makes sure to track right info. Break even overall excluding the costs of commissions.
{quote} AKRX tracked level 2 order flow, huge buyer came in at the market order, over 80k shares long filled and partials. Sold short asap on break even, longed after retrace, sold long on break even aswell. Stack pattern is all about very tight order flow battle, one better makes sure to track right info. Break even overall excluding the costs of commissions. {image}
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AKRX went behind heavy long that was filled on previous order flow 12,40-12,43. Sold long for 5 R gain.
Jan, have you thought about following way to include HTF into the M1 setups?
So how I imagine HTF confluence:
1. We discover Jan pattern on HTF and draw a line.
2. We wait until price reaches that line
3a. If it forms M1 Jan bearish pattern below it we sell
3b. If it forms M1 Jan bullish pattern above it we buy
The idea is that Jan pattern gives us confirmation and low risk entry and the HTF level gives us the kick of the trade
Jan, have you thought about following way to include HTF into the M1 setups? So how I imagine HTF confluence: 1. We discover Jan pattern on HTF and draw a line. 2. We wait until price reaches that line 3a. If it forms M1 Jan bearish pattern below it we sell 3b. If it forms M1 Jan bullish pattern above it we buy The idea is that Jan pattern gives us confirmation and low risk entry and the HTF level gives us the kick of the trade What do you think?
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Combo setups have been explained few times in terms how you can approach it. You can do it the way you said where for example you have macro setup and then you use M1 to enter around the exact / similar area (if M1 is printed) of where the macro play entry would be. This is best RR way to move, but very important thing to keep in mind, doing it this way you will get low amount of trades(especially if trading only FX). Without the doubt one will finish month on green with cosnistency if approaching plays like that but this kind of trading requires really strong patience which for some younger people especially isnt a good fit.
So a much better way in my opinion is to enter combo setups along the macro area path. You have noticed i sometimes place red or blue square on chart, where the top of triangle is "expected" move and also area where micro setups of M1 are looked for entry. Generally that means that M1 plays will be searched somewhere around the macro trigger entry area and upwards some (in case of bullish setup). That way you will get more plays and also if momentum persists with price moving directly into macro dirrection, M1 plays will have good RR by default.
Using precise levels on macro - micro combo plays is just not very practical to go. For example you can have non technical macro play such as capital flows or lets say rate hikes or any other more "conceptual" macro so in that case you just cant use precise line level to seek patterns of, you just follow the overall macro path and momentum.
So for example bellow is current hot macro in play Ethereum where option 2 entry is a better approach to look for combo plays.
(binned per thread starter's request) Market bottom rotation trad
