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These are typically a little bit more risky because we are trading against
the OF. However, if used correctly, the risk could be reduced by other
confluences, such as the time of day at which the trade was made;
however, we will talk more about this later. We would have broken the
MS of the fractal HIGH/LOW of what was raided (the same one we
would have used for this kind of reversal setup) if the setup resulted in a
loss and price continued to move in the direction of OF. This would be
another confirmation that price was moving in the direction of OF, and
you should continue to trade in that direction from that point on (unless
there is a reason not to, such as another fractal high/low present that has
been raide
When we look for trades before or soon after session open, as long as we
know the OF then we are able to find a high Probability setup often
we take these types of setup as a raid does not necessarily happen during
and around these session opens, but we expect a movement In price in
the direction of OF to offset the risk of not trading a RTO/LTO with a
wick raid, but it MUST be a raid/run of a fractal
To make you feel better about this, you can switch to the M5 TF to see if
there was a raid of the fractal low/high on there, as it’s a higher TF
confluence of the direction of OF, however we use these rarely and not
really necessary
Another key time to identify potential setups is 12-1pm, here we see price
often make a Swing High or Low, giving us a short-term confluence,
which could be used in conjuncture with the NYO. It can also be used as
a continuation of a the general OF, or could be the cause of a Reversal in
price where OF is switched
When it comes to trading and looking for setup at these important times,
no 2 days are the same, it’s important to note these are just examples
identifying the patterns of which occur the most, you would need to do
EXTENSIVE BACKTESTING in order to totally familiarise yourself
with how to identify OF as well as developing your skillset, so you are
able to navigate the M1 successfully day after day, this is your EDGE.
#1 Entry Techniques
1) Basics of Entries
When looking for High Probability Setups, we look for 2 basic forms of
confirmation when it comes to methods of entering a trade on the M1
Timeframe:
2: Breaker // very rare I take this type of entry as they are a lot less likely to
succeed so bear in mind
Again, 3R TP as always
3: LP // second most common entry behind the RTO
3R TP again you know the vibes, Stops are generally wider with the LP
so will take a larger movement in price in order to reach TP
SUMMARY
1) BASICS OF ENTRY
1: Stop Raid or Stop run // REMEMBER NO RAID NO TRADE
2: Market Structure Break/MSB
2) METHODS OF ENTRY
1: Simple RTO (Return-To-Origin) //most common entry Using the Raid
Candle as our entry block
COMMENTS
REMEMBER ALWAYS 3R TP REGARDLESS OF ENTRY METHOD