as you can see here , i was short on BTC , but it touched my SL before hitting my target . but why ?
as u may have already figured out , it was because i used the wrong order block .
now i'm going to introduce my IDEAL ORDER BLOCK that can work not only in crypto , but in all markets .
an order block is a zone which has a high chance of price retesting before making the next huge move .
but there are billions of order block out there and only a few actually work . so how to find them ?
a valid order block must have three characteristic materials before being called "VALID" :
1- it must be the last move in the opposite direction of the trend
2- it must not be touched more than once , otherwise our bias MUST be reconsidered .
3- it must not be near LTH or LTL , cause at those prices it can be only a matter of FOMO or FUD and not a real "Supply & Demand " zone .
by these things i hope now u find the correct Order blocks like the white one as i indicated .
wish u the BEST , hamid
as u may have already figured out , it was because i used the wrong order block .
now i'm going to introduce my IDEAL ORDER BLOCK that can work not only in crypto , but in all markets .
an order block is a zone which has a high chance of price retesting before making the next huge move .
but there are billions of order block out there and only a few actually work . so how to find them ?
a valid order block must have three characteristic materials before being called "VALID" :
1- it must be the last move in the opposite direction of the trend
2- it must not be touched more than once , otherwise our bias MUST be reconsidered .
3- it must not be near LTH or LTL , cause at those prices it can be only a matter of FOMO or FUD and not a real "Supply & Demand " zone .
by these things i hope now u find the correct Order blocks like the white one as i indicated .
wish u the BEST , hamid