New York Bread & Butter ππ§. The only trading Thread you need.π
A Thread π§΅
A Thread π§΅
First and Foremost - You need three time-frame Perspectives to frame your setup.
β’ LTP - Why price should go to a specific price level.
β’ ITP - How price will get to that specific price level.
β’ STP - Entry for our execution and trade.
β’ LTP - Why price should go to a specific price level.
β’ ITP - How price will get to that specific price level.
β’ STP - Entry for our execution and trade.
1. Long term perspective - (the WHY)
Context on higher time frame is must and It could be on Monthly/ Weekly/ Daily. For me context is IRL βοΈ ERL
Context on higher time frame is must and It could be on Monthly/ Weekly/ Daily. For me context is IRL βοΈ ERL
2. Intermediate term perspective - (the HOW)
This gives you the framework how will price get to LTP draw on liquidity. The higher probability trades are when LTP & ITP order-flow are aligned. H4 & H1
This gives you the framework how will price get to LTP draw on liquidity. The higher probability trades are when LTP & ITP order-flow are aligned. H4 & H1
3. Short term perspective - New York Bread & Butter ππ§ Model
β’ Time Window
8-12 our killzone for this model.
The NY session between 8-12 is the Bread & Butter time Window of the daily range. It's the sweet spot in the daily candles OHLC or OLHC.
β’ Time Window
8-12 our killzone for this model.
The NY session between 8-12 is the Bread & Butter time Window of the daily range. It's the sweet spot in the daily candles OHLC or OLHC.
Between 8-12 price only does 2 things
Continuation or
Reversal
Continuation or
Reversal
Between 8-12 price only does 2 things i.e Continuation or Reversal.
βΆοΈOn Continuation days
On this days we want to see London making HoTD/ LoTD going below or above Midnight open.
The only 2 options for framing a trade between 8-12 are pd array retracement or stop hunt.
βΆοΈOn Continuation days
On this days we want to see London making HoTD/ LoTD going below or above Midnight open.
The only 2 options for framing a trade between 8-12 are pd array retracement or stop hunt.
βΆοΈOn Reversal days
If bullish we buy below Midnight opening price and if bearish, we sell above midnight open.
Targeting > PDH/PDL or session High/Low
The only 2 options for framing a trade between 8-12 are pd array retracement ot stop hunt.
If bullish we buy below Midnight opening price and if bearish, we sell above midnight open.
Targeting > PDH/PDL or session High/Low
The only 2 options for framing a trade between 8-12 are pd array retracement ot stop hunt.
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Special shoutout to the incredible @theMMXMtrader and @SirPickle_ π
Special shoutout to the incredible @theMMXMtrader and @SirPickle_ π
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