EXTERNAL RANGE LIQUIDITY TO INTERNAL RANGE LIQUIDITY:
THE KEY TO BIAS
now what is external range liquidity (ERL):
External range liquidity is simply the previous high or low.
What is internal range liquidity:
Internal range liquidity are FAIR VALUE GAPS Or FVGs (the gap between 2 candles)
THE KEY TO BIAS
now what is external range liquidity (ERL):
External range liquidity is simply the previous high or low.
What is internal range liquidity:
Internal range liquidity are FAIR VALUE GAPS Or FVGs (the gap between 2 candles)
So in short ERL and IRL are draws on liquidity needed for market to go up and down.
Now how do we add that to our trading!
So if we hit a bullish PD ARAY and ERL is taken once it retraces into IRL we can zoom into lower time frames for our set ups as an entry.
This works just like supply and demand we use higher time frame bias to enter on lower time frames
Now how do we add that to our trading!
So if we hit a bullish PD ARAY and ERL is taken once it retraces into IRL we can zoom into lower time frames for our set ups as an entry.
This works just like supply and demand we use higher time frame bias to enter on lower time frames
Feel free to backtest this on your own and drop your charts in the comments if we get 10 of you to do this I will give 100$ to the best chart #Giveaway
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