Delivery - Visuals
Delivery is small introduction in terms of theory when it comes to building that connection with the market. Here the aim is to be able to visualize when/where the market will go to. Delivery is the mechanism behind understanding some movements, it will help you familiarize the overall picture between the phases the market has, and what the market will achieve.
————-- 004 - Visual example of the 3 question rulebook
As we mentioned before in the concept of liquidity.
The three main questions we ask:
- Where did price come from?
- Where is price right now?
- Where is price likely going to?
Lets run that up, and be a bit more precies. Add some juice to that.
1. Where did price come from?
1. - Did price just run liquidity? Or did it reject an orderblock?
2. Where is price right now?
1. - Is price in the middle of nowhere? Or is it running near a strong level, or pushing from a strong level?
3. Where is price likely going to go to?
1. Where are the nearest liquidity pools, levels to target, displacements, equilibrium points etc...
Where did price come from? - GBPUSD
Price ran a bearish expansion running sell side liquidity. Thus creating a new dealing range, leaving behind a displacement as well, so we can conclude that momentum is bearish.
Where is price right now?
Look at the wicks, price is in the discounted area of the new dealing range. But no extremes just yet. Price is nearing a strong level and the equilibrium point. Remember, equilibrium = uncertainty.
Where is price likely going to?
Price was reaching closer to that displacement that was left behind. Most probable scenario would have been shorts in this case, as the draw on liquidity towards the dealing range low became sell side liquidity as that protected low did not take out previous structure.
Now guess which timeframe this was?
Daily....
Understand that the narration, the story telling you will soon be able to understand helps implement the greater picture. Because the trade was in that small marked square, looked liked this.
This was 4H
And now H1, which gave away all the details ;)
When you revisit these notes you'll understand the annotations a lot more, and all the technicals behind them.
But the importance here is also understanding that you don't need the biggest moves if your narration and foundation is correct. That's why we start rephrasing this 3 question rulebook so much, engrave it in the back of your mind.
————-- 004 - Visual example of the 3 question rulebook
As we mentioned before in the concept of liquidity.
The three main questions we ask:
- Where did price come from?
- Where is price right now?
- Where is price likely going to?
Lets run that up, and be a bit more precies. Add some juice to that.
1. Where did price come from?
1. - Did price just run liquidity? Or did it reject an orderblock?
2. Where is price right now?
1. - Is price in the middle of nowhere? Or is it running near a strong level, or pushing from a strong level?
3. Where is price likely going to go to?
1. Where are the nearest liquidity pools, levels to target, displacements, equilibrium points etc...
Where did price come from? - GBPUSD
Price ran a bearish expansion running sell side liquidity. Thus creating a new dealing range, leaving behind a displacement as well, so we can conclude that momentum is bearish.
Where is price right now?
Look at the wicks, price is in the discounted area of the new dealing range. But no extremes just yet. Price is nearing a strong level and the equilibrium point. Remember, equilibrium = uncertainty.
Where is price likely going to?
Price was reaching closer to that displacement that was left behind. Most probable scenario would have been shorts in this case, as the draw on liquidity towards the dealing range low became sell side liquidity as that protected low did not take out previous structure.
Now guess which timeframe this was?
Daily....
Understand that the narration, the story telling you will soon be able to understand helps implement the greater picture. Because the trade was in that small marked square, looked liked this.
This was 4H
And now H1, which gave away all the details ;)
When you revisit these notes you'll understand the annotations a lot more, and all the technicals behind them.
But the importance here is also understanding that you don't need the biggest moves if your narration and foundation is correct. That's why we start rephrasing this 3 question rulebook so much, engrave it in the back of your mind.
————-- 004 - Visual example of the 3 question rulebook
As we mentioned before in the concept of liquidity.
The three main questions we ask:
- Where did price come from?
- Where is price right now?
- Where is price likely going to?
Lets run that up, and be a bit more precies. Add some juice to that.
1. Where did price come from?
1. - Did price just run liquidity? Or did it reject an orderblock?
2. Where is price right now?
1. - Is price in the middle of nowhere? Or is it running near a strong level, or pushing from a strong level?
3. Where is price likely going to go to?
1. Where are the nearest liquidity pools, levels to target, displacements, equilibrium points etc...
Where did price come from? - GBPUSD
Price ran a bearish expansion running sell side liquidity. Thus creating a new dealing range, leaving behind a displacement as well, so we can conclude that momentum is bearish.
Where is price right now?
Look at the wicks, price is in the discounted area of the new dealing range. But no extremes just yet. Price is nearing a strong level and the equilibrium point. Remember, equilibrium = uncertainty.
Where is price likely going to?
Price was reaching closer to that displacement that was left behind. Most probable scenario would have been shorts in this case, as the draw on liquidity towards the dealing range low became sell side liquidity as that protected low did not take out previous structure.
Now guess which timeframe this was?
Daily....
Understand that the narration, the story telling you will soon be able to understand helps implement the greater picture. Because the trade was in that small marked square, looked liked this.
This was 4H
And now H1, which gave away all the details ;)
When you revisit these notes you'll understand the annotations a lot more, and all the technicals behind them.
But the importance here is also understanding that you don't need the biggest moves if your narration and foundation is correct. That's why we start rephrasing this 3 question rulebook so much, engrave it in the back of your mind.
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