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Today we are talking about the infamous ORDER BLOCKS by ICT Forex trading Strategy. Order Blocks have proven to be a very effective tool in trading as they allow traders to gain high reward with low risk trades.
What is an Order Block? - The Order Block is a specific price range or candle where institutions will be buying or selling against the retail trend/dump money.
Institutions leave order blocks for themselves to trade at a later stage. They will reverse the price to a previous order and then driving the price hard in the direction of the trend (The real institutional trend).These order blocks we can also call them specific levels of either going Long or Short. If an order block is violated or broken, it now qualifies as a Breaker, meaning Price will retest back to that order block. Sometimes we call it a failed order block.
Vertex Investing - Order Block playbook
Inner Circle Trader ICT FULL VIDEOS
Types of OBs:
ii. Bearish Order Block (BEB)The Order of OBs
2. Breaker OB3. Continuation OB (Traditional/Basic OB)
Understanding Algorithmic Price Delivery
IPDA- Interbank Price Delivery AlgorithmOB-Order Block
FVG- Fair Value Gap
SMT- Smart Money
BiSi- Buy Side Imbalance Sell Side Inefficiency.
SiBi- Sell Side Imbalance Buy Side Inefficiency.
RjB- Rejection Block
RTO- Return to Order Block
RTF- Return to Fvg
BRK- Breaker
SOB- Source Order Block
BMS- Break of Market Structure
OTE- Optimum Trade Entry
i. Bullish Order Block (BUB)
1. Source OB
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To learn more about ORDER BLOCKS click the link below and download the full PDF with all the information
CREDITS
MICHAEL J. HUDDLESTON-December 2016 ICT Study Notes.BISHOPRAJ-Simply Pips.
BHEKI MPANGANE- Bfx Strategy Training.
LUIS RIESCO- Market Makers Method (Order Blocks)
CLICK HERE TO DOWNLOAD
As with every strategy that we post here, PLEASE, PLEASE do practice this in a demo account and be consistent in the demo using the strategy, don't just go on the rampage saying I now know this strategy without making the actual money from trading. Make sure you practice the strategy before trading your real money.
Follow this and more on our blog and other sources of information. Wishing you great success in your trading journey.
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Disclaimer:
THIS PDF AND OTHER MATERIALS FROM THIS/IN THE NAME OF THIS SITE(fxstrategylife.blogspot.com) IS FOR EDUCATIONAL PURPOSE ONLY. FOREX TRADING CARRIES A HIGH LEVEL OF RISK, AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO INVEST IN FOREIGN EXCHANGE YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENTS, OBJECTIVES LEVEL OF EXPERIENCE AND RISK APPETITE. THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR ALL OF YOUR MONEY AND THEREFORE YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE.
