Phases - Further details
Now lets look at some further details when it comes to the phases of our market.
————-- 004 - Understanding the range
When our HTF is clear and we have a focus on where liquidity could draw to, we will always expect to expand towards that area. So imagine we have daily orderflow which is bullish, you will notice how explosive price can react when both timeframe are in sync.
You must understand as well that opposing closes, so a down candle in bullish flow, or up candle in bearish flow are necessary for your daily bias. Because guess what those are?
Arrays indeed, those are your orderblock.
Lets take it step by step - Buyside scenario
1. Market opens, price runs into sell side liquidity, preferably in some sort of PDA
2. During London we are forming that LOD, expands and gives us that break of previous structure, after that pullback we have an OTE
3. From the OTE we expect a good run upwards, and consolidates between the sessions pre new york.
4. We will then see another run on sell side liquidity, followed by an ideal break of previous structure, pullback and creates that OTE
5. Between 12-14 PM NY time we can see price retrace against daily direction, here we could get low probability setups - Offbeat.
Sellside is exactly the same, but then opposite cases.
————-- 005 - No direction
There will be moments when the market, and our daily timeframe show no bias. This is where we will focus fully on the LTF plays. This is often enough considered to be scalping.
Here we get introduced to our ETF -> 60m -> 15m -> 5m, and later our offbeat 2 minute models.
Here you can see how friday daily was stuck in a range.
Once monday comes around the corner you can see that we take out buyside liquidity, and also sell side liquidity.
As mentioned in the liquidity chapters before, when consolidations occur, we expect both sides to be shaken out. These setups are not high probability, since the indecision from market making capable participants is uncertain indeed.
Our goal after a consolidating day, is to await a sweep on either direction, and then target the opposing direction. As we anticipate that liquidity needs to be shaken out on both ends
Notice how after each sweep of liquidity from the previous consolidated day, we go for the opposing direction.
When the daily is stuck in the range, watch out and wait for the shakeout. Notice as well how we created the High of the day HOD during london, and created the LOD in new york ;)
All when theory slowly comes back together, notice how the vertical line showcases NY midnight, and that there was deadtime prior to that all the way from ASIA open.
————-- 004 - Understanding the range
When our HTF is clear and we have a focus on where liquidity could draw to, we will always expect to expand towards that area. So imagine we have daily orderflow which is bullish, you will notice how explosive price can react when both timeframe are in sync.
You must understand as well that opposing closes, so a down candle in bullish flow, or up candle in bearish flow are necessary for your daily bias. Because guess what those are?
Arrays indeed, those are your orderblock.
Lets take it step by step - Buyside scenario
1. Market opens, price runs into sell side liquidity, preferably in some sort of PDA
2. During London we are forming that LOD, expands and gives us that break of previous structure, after that pullback we have an OTE
3. From the OTE we expect a good run upwards, and consolidates between the sessions pre new york.
4. We will then see another run on sell side liquidity, followed by an ideal break of previous structure, pullback and creates that OTE
5. Between 12-14 PM NY time we can see price retrace against daily direction, here we could get low probability setups - Offbeat.
Sellside is exactly the same, but then opposite cases.
————-- 005 - No direction
There will be moments when the market, and our daily timeframe show no bias. This is where we will focus fully on the LTF plays. This is often enough considered to be scalping.
Here we get introduced to our ETF -> 60m -> 15m -> 5m, and later our offbeat 2 minute models.
Here you can see how friday daily was stuck in a range.
Once monday comes around the corner you can see that we take out buyside liquidity, and also sell side liquidity.
As mentioned in the liquidity chapters before, when consolidations occur, we expect both sides to be shaken out. These setups are not high probability, since the indecision from market making capable participants is uncertain indeed.
Our goal after a consolidating day, is to await a sweep on either direction, and then target the opposing direction. As we anticipate that liquidity needs to be shaken out on both ends
Notice how after each sweep of liquidity from the previous consolidated day, we go for the opposing direction.
When the daily is stuck in the range, watch out and wait for the shakeout. Notice as well how we created the High of the day HOD during london, and created the LOD in new york ;)
All when theory slowly comes back together, notice how the vertical line showcases NY midnight, and that there was deadtime prior to that all the way from ASIA open.
————-- 004 - Understanding the range
When our HTF is clear and we have a focus on where liquidity could draw to, we will always expect to expand towards that area. So imagine we have daily orderflow which is bullish, you will notice how explosive price can react when both timeframe are in sync.
You must understand as well that opposing closes, so a down candle in bullish flow, or up candle in bearish flow are necessary for your daily bias. Because guess what those are?
Arrays indeed, those are your orderblock.
Lets take it step by step - Buyside scenario
1. Market opens, price runs into sell side liquidity, preferably in some sort of PDA
2. During London we are forming that LOD, expands and gives us that break of previous structure, after that pullback we have an OTE
3. From the OTE we expect a good run upwards, and consolidates between the sessions pre new york.
4. We will then see another run on sell side liquidity, followed by an ideal break of previous structure, pullback and creates that OTE
5. Between 12-14 PM NY time we can see price retrace against daily direction, here we could get low probability setups - Offbeat.
Sellside is exactly the same, but then opposite cases.
————-- 005 - No direction
There will be moments when the market, and our daily timeframe show no bias. This is where we will focus fully on the LTF plays. This is often enough considered to be scalping.
Here we get introduced to our ETF -> 60m -> 15m -> 5m, and later our offbeat 2 minute models.
Here you can see how friday daily was stuck in a range.
Once monday comes around the corner you can see that we take out buyside liquidity, and also sell side liquidity.
As mentioned in the liquidity chapters before, when consolidations occur, we expect both sides to be shaken out. These setups are not high probability, since the indecision from market making capable participants is uncertain indeed.
Our goal after a consolidating day, is to await a sweep on either direction, and then target the opposing direction. As we anticipate that liquidity needs to be shaken out on both ends
Notice how after each sweep of liquidity from the previous consolidated day, we go for the opposing direction.
When the daily is stuck in the range, watch out and wait for the shakeout. Notice as well how we created the High of the day HOD during london, and created the LOD in new york ;)
All when theory slowly comes back together, notice how the vertical line showcases NY midnight, and that there was deadtime prior to that all the way from ASIA open.
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