🎯 Daily levels where I would like to see my setup forms during the first 3 hours of Londo and NY Sessions.
Please have in your mind that this is my Intraday trading pre-plan. It means that at least the conditions described below must be met for valid entry. My reaction will depend on how the price will arrive at the level and there I will be looking for a break of structure on M1 and pullback for entry which can occur or not. So please don't just blindly follow this. The FX market is a quickly changing environment and it requires full focus unfortunately I can't update the idea every 5 minutes. So take this only as an informative idea.
Good luck
Dave-FX-Hunter ⚔
🟩 Entry Conditions
Setups must occur at this time otherwise I'm not interested.
🔵London Killzone - LOKZ 02:00-05:00 NY time // 08:00-11:00 EU time 🟢New York Killzone - NYKZ - 07:00-10:00 NY time // 14:00 - 17:00 EU time
🟧Entry Scheme Here is what you want to see on highlighted levels. Never just enter blindly. Look on M5 and M1
For the opposite side of the trade is, of course, reversed picture
-Skip the London session if the Asia session was ranging - Wait for manipulation at the session open, which enters HTF POI and takes out BSL/SSL - Look at SMT divergence as the additional confluence - Wait for BOS (M1 if in sync with trend / HTF BOS if counter-trend) + displacement/momentum shift M3/M5 candle close for confirmation - Figure out: where is your invalidation (SL) and FPOL (TP1) before entering your trade - Enter short at pullback to first POI (FVG/OTE/OB) above respective EQ (discount) of RTO area on LTF - Set SL above swing low of manipulation, as price already took LQ out it should not go there again. - When the price moves 50% of the expected Target range, the stop loss can be trimmed by 25% - When the price moves 75% of the expected range the stop loss can be trimmed to breakeven - Never trade a POI that has liquidity resting above (short) or below (long), - Don't enter when FPOL (for example swing low/high) has been hit before getting you into the position - Never enter a trade right before news events. - Don't try to predict the market, just take 1:3 RR on the level and get out. - This is intraday trading but there is no trade every day.
🟦Market Maker model Schematics
🟪Smart Money Divergence The dollar index and USD pairs usually trade asymmetric, for example, DXY making higher highs will result in EURUSD making lower lows and vice versa. When the price on one has lower lows, it is expected that the other should reach higher highs. When this does not occur, we have SMT Divergence. This is suggestive of major accumulation/consolidation in advance of a major move in the opposite direction.
Hi, there are quite a number of abbreviations used. I know some of them but not all. Could you explain them, for eg, SMT, FPOL, FVG, OTE, EQ, LQ ?
Dave-FX-Hunter
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@lkf, BOS - Break Of Structure DOL - Draw Of Liquidity FPOL - First Point Of Liquidity FVG - Fair Value Gap HTF - Higher Timeframe IPA - Inefficiency Price Action KZ - Killzone LO - London LQ - Liquidity LTF - Lower Timeframe MMXM - Market Maker Sell/Buy Model MS - Market Structure NY - New York OB - Orderblock OF - Orderflow PA - Price Action PDH/L Previous Day High/Low PO3 - Power of 3 - Accumulation, manipulation, distribution POI - Point Of Interest PSH/L - Previous Session High/Low PWH/L -Previous Week High/Low PMH/L - Previous Month High/Low EQ - Equilibrium 50% fibo from H to L DEQ - Previous Day Equilibrium WEQ - Previous Week Equilibrium MEQ - Previou Month Equilibrium RR - Risk To Reward RTO - Return To Origin SL - Stop Loss SMR - Smart Money Reversal TDO - True Daily Open TP - Take Profit