TRADABLE VS NON-TRADABLE ORDER BLOCKS (PDF) BY KENNE DYNE
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 OB? - 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.
But however having this knowledge is not enough for you to trade profitably using Order Blocks, hence the need for this PDF as it teaches the trader on how to detect Order Blocks that are tradable and non tradable using a certain criteria disscessued in the PDF.
Overview - something in the PDF
MITIGATION
Mitigation means; to reduce risk.
When the MM moves price away from a level with strength and magnitude, say they are buying; it is assumed that this is used to entice retail traders to join the move.And because most retail traders are price chasers, they join the ride with their Stop Loses [SL] set. This is the reason (assumed) that the MM will come back to clear retail traders SL. When their (Retail Traders) SL are hit, they are knocked out of the move, hence MM mitigating their risk (THEY WILL RESUME THE INITIAL TREND HENCE MOVING ALONE).
To gain more information and better insight on the tradable and non tradable order blocks click the link below to download the PDF
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.
Peace out :)
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.
