Entry Types Continuation Part 1

Created @August 10, 2021 1:11 AM

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So when we are looking at the HTF, so it could be the daily, 4h, or 1h, now for me I
use 1h as my highest, which gives me a lot of opportunity and its just a great
timeframe to sort of base our trades around. Now for you can be the daily or the 4h,
it comes down to your own preference and could be the 4h or even a daily as your
highest timeframes.

But when we look at this diagram here, this is gonna be a HTF, so we are gonna call
this the 1h. So this diagram here.

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 So once we get a bullish OB (POI), as we can see here, so price came down but
then pushed up and bos, so we can see a clear shift in momentum and we know
potentially a clear shift and then bullish order flow from here.

Now once we get a bos this gives us a demand level or an OB within this. So when
price comes down to trade into this zone, for the very first time, this is in my opinion
not enough of a confluence for us to enter this trade and set a pending limit order.
So once price comes in, this is not enough of a confluence for me to be looking at
this to go long. I would rather wait for price to come in and see how price is delivered
and then look for our entry confirmations on a LTF.

Now a lot of smc traders would call that type of entry as a risk entry, but for me its
not something that I want to risk my money on, especially when we are trading on a
large sums of money.

What I would prefer to wait to see how price comes into that zone, and what I have
seen a lot more success with, is to wait to see how price comes into that zone, and
look for our entries on LTF.
So that why I will be not be looking at any sort of risk entries.

So if we get into the different types of entries, we can see once we bos here, we
have this as our first demand level. So we are looking for longs within this sort of
demand level here. Now this on a LTF would look something like this. So this is
gonna be our LTF, so for me I execute trades on a 1m, and sometimes I go down to
the 30s. But we are gonna stick to the 1m.

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 So once price comes down and trades into this zone, we will usually see, LLs and
LHs on a LTF.
So what we will be waiting for is for price to push in and then we wanna see intent
for bullish movement. So we wanna see a nice bos. Now this would then give us and
entry as it would create an OB down here.

Now this is entry type 1 which is a single bos which basically means a single bos
and a single confluence, which means we are trading the first bos on a HTF, as we
can see on 1h, is the first bos. Now this could have previously been a downtrend
with then bos showing intent tapped into a demand level, so its a single confluence
and its a single bos on the LTF.

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 Now entry type 2 would be waiting for the double bos, which basically means we
wanna see a bos it could pullback, it hasn´t got to mitigate this level here, it could
pullback and then bos again.

Thats still considered a double bos for me, so that is a double bos and its a single a
confluence, because we are still trading at this 1h demand level, but we have double
confirmation on a LTF.
So one thing I would say for anyone who struggles with entries or takes too many
losses, definitely try avoid this entry here (type 1), because when price bos now
obviously it depends how it breaks, but it could be just a fake out and then to head
lower.

Its not too much confirmation, but it all comes down to how it breaks as well, but
what I would say for like the newbies or beginners is definitely wait for a double bos
if you are struggling with entries, as we will get into some more better trades as we
are waiting for more confluence, and we are actually starting to see bullish order flow
on our LTF, and we can see that we are being respected from the 1h demand level.

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 So entry type 3 is we are gonna be looking at this second demand level on HTF. So
we can see bos, we pulled back, we bos again. So on the HTF we are clearly
showing bullish intent and bullish order flow.

Now we can see we put down here on caption intent for HTF prices. What this
basically means is prices trading above this lows, and once this was broken here this
structure, price then bos to the upside, we pulled back, we bos again and we can
see we are now showing intent has priced failed to trade below this level, so its
showing us intent for higher prices.
So back to this third entry, we have a bos, so a second bos on 1h, so this is our
double confluence because this is our second demand level.

So we are just seeing more confluence for price to continue.

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 Now this pullback to second demand level, this is what it will look like or this is what
we wanna see for the trade to meet our entry rules.

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 So now they will be trading inside the second demand level and the second bos.

Price again trading back down into it, and we will see LLs and LHs, we wanna wait
for a nice bos as we can see, and this would be our single bos, but with double
confluences, as we trade in the second demand.

Now entry type 4 we wanna wait for a double bos as we can see one bos, pullback,
second bos. Double bos and double confluence as we are trading at this second
demand.
This type 4 is taking to the extreme and waiting for a lot of confirmation, but if we are
waiting for this, then we are gonna get involved in some great trades, but we won´t
always get involved in the trade.

So for me, I do take trades with a single bos and a single

confluence as long as we are trading with the trend. But I do also

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 take a double bos as well, but again it comes down to how it
breaks, so we will need to do our testing on that. But like I say, if
we are struggling with entries, then the minimum that we should
be taking is a double bos and then entries type 3 and 4.

So now that we have gone through this continuation trades, its important to know
that this is just drawings and this is textbook setups. They are not always gonna be
as clean as this.

So its about using own initiative to asking ourself what is price actually doing?

How is price bos?

Where is price likely to react from?

And then look for our entries from there, but this is textbook continuation trades.

So once we start seeing HTF bullish or bearish order flow, just like this, we wanna
look for the bos.

Where are the demand levels or supply levels?

Where is the momentum come in before the bos?

So what where did price start that caused the bos?

This is where price is likely to come back to mitigate it before continuing, so its
important to understand where price broke from, where did the move initiate from.

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