- Search Energy EXCH
- EngineerFx replied Aug 17, 2021
More perspective: Setup A better than Setup B
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
Some perspective: Setup A better than Setup B
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
There are setups that require the trader to drop down to LTF when price visits HTF TL break line and there are setups that do not require that. When price visits a TL break line that has very clean zones around it then we usually do not need to drop ...
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
Good level. But what if price just shoots through that level due to some strong news? That is why I recommend looking for LTF entry when price gets to the HTF level. We will usually get a chance to enter at LTF TL breakout level or after some BOS so ...
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
This one failed. Not all will be winners. But in hindsight it would have been better to get a higher TF level then we look for setup on the LTF. Still if one waited for M1 setup there would be no trade in the first place.
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
Like I mentioned none of your drawings qualify as TLs as there are not connecting the swings. Perhaps you can find resources on how to draw trendlines outside of this space. Then you can draw again and we can analyse.
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
Always recommended to find a level on HTF and find an entry on M5 or M1.
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
Looks good to me. We should see a bounce there.
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
Make sure you are actually drawing trendlines. Those are not trendlines because I can't see the swings there. Also, ensure that you are drawing trendlines around compressed zones.
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
Best approach is to look for HTF TL breakout levels and when price returns look for setup on LTF around the HTF levels. The principle works on all TF since price is fractal
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
This is interesting. A few comments: 1. One of the requirements is that price must be coming from weak levels. That criteria was not made in that trade 2. per that chart, price was in a downtrend and we should mainly be looking for shorts. Any longs ...
Simple Trendline Orderflow System
- EngineerFx replied Aug 17, 2021
If you are a BTC trader, you must watch out for 47230 or thereabout
Simple Trendline Orderflow System
- EngineerFx replied Aug 16, 2021
And if you ask me at what price levels I would like to buy BTC I would tell you I would be watching the yellow levels for price action
Simple Trendline Orderflow System
- EngineerFx replied Aug 16, 2021
Even the almighty BTC was not spared
Simple Trendline Orderflow System
- EngineerFx replied Aug 16, 2021
Interesting that you brought that up. What a lovely chart of Ripple.
Simple Trendline Orderflow System
- EngineerFx replied Aug 16, 2021
Perfect Scherzi. Exact level I was watching
Simple Trendline Orderflow System
- EngineerFx replied Aug 16, 2021
The logic for this strategy is simple: In a compressed area one of two things are possibly happening: institutional buying or institutional selling. So when price breaks out explosively from a compressed zone (accumulation or distribution zone) we ...
Simple Trendline Orderflow System
- EngineerFx replied Aug 16, 2021
Closed my trade last Friday for the week, but it's pretty clear what happened to price
Simple Trendline Orderflow System