This is a compilation of a very famous trading system and according to which it is the institutional trading system.
I share it so that the great masters of the trade can evaluate and widely share their experiences .
Clarification: All information was collected from different web pages and telegram channels. None of this is my authorship, I am simply sharing the system for the trading community.
Exchange of daily sessions
The best hours to trade are as follows:
New York session and London session
We do not operate the Asian session
Asian session (Market consolidates), Sydney session, Tokyo session
With these sessions expect big movements or volatility in the market.
Order block theory
BULLISH ORDER BLOCK
- An order block can be bearish order block.
- A bearish order block is a bullish candlestick before rising
- It is the last candlestick in an uptrend or swing - A bearish block order is a bullish candlestick is a bearish candle before rising - A simple definition is the last bearish candlestick in a downtrend or price swing.
- Bullish order block is a bearish candle last.
- You don't trade blocks of orders right away, you wait for the price to return to that block of orders and start taking a trade.
Deadlines and setbacks
Reconcile in higher terms (H4+) and large movements of money. Institutions move the market.
Fibonacci Request
Optimal trade entry is based on buying pullbacks. A momentum leg moves up/down and then moves off that level in the opposite direction to enter the optimal trade entry zone.
we place the Fibonacci from the lowest body of the candlestick to the highest body of the candlestick if we are in a bullish momentum (with the aim of going long).
The reason we are using non-high and low candle bodies is because the highs and lows differ a measure that uses different brokers and manipulates the price in different ways. Check your platforms to see how the highs and lows differ.
Optimal trade entry
For fib your entry levels should be at 79% OTE, 62% and 70% levels. That is where your input should be after you place your Fibonacci.
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