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Re: Fractal Order Blocks Open Secret System

Mustafa, Sat May 07, 2022 1:15 pm

Knight wrote: Sat May 07, 2022 4:47 am Lol I have the time and the burning desire to learn this. As long as they're systematic.

1. Forex Pair selection
2. Consolidation filter

How can I reach out to you so you can show me what exactly you mean and have in mind, at your convenience of course
There is a lot to be said on both these points.... I really can't summarize it all properly but I will give it a try.... There are quite a few approaches to Forex pairs selection.... you can select them according to COT long term positioning, Open Interest analysis---choosing the pairs which have a rising open interest based on some average---- or you can use some type of dashboard like the one which XARD uses filtering trading instruments based on moving average crosses or indicator readings, use more specialized approaches like VSA software or use screeners developed by different forex experts like the one used by Pivotboss...... some come free, others cost money to purchase... some work on Mt4, others are developed for other platforms.... I suggested something which you can do manually drawing zones which will map the market for you... Thus you would have your own screener to choose the pairs which are high probability candidates for either continuation or reversal.... Practice will make you perfect drawing these zones and reaching to your own conclusions about the market.... For some time I used the Fractal Order Blocks indicator to see these zones... Now I draw them manually because it gives me deeper insight into the movement of the market....
Secondly, once you draw these zones with some measure of consistency, you will also see that price tends to consolidate around these zones for order collection... Once there are enough orders to move the market, price tends to either reverse or breakout from these zones.... Again there are so many approaches to doing both these jobs.... You must have heard about the Wyckoff methodology which also stems from stock trading.. But I believe for forex trading simpler approaches work better.... So start working on drawing zones. Take guidance from whichever source is most easily accessible to you... One approach will lead you to another while teaching you something new..... With the passage of time you will develop your own style of drawing zones and mapping the market... Just remember one thing: market has boundaries and bridges..... We outline these boundaries by drawing zones....These boundaries will expand with time making it necessary to draw newer zones.... Then at times these zones will act as bridges from which price will cross from one side of the boundary to the other side..... chart will illustrate this for you....... The more you learn, the more refined your method of drawing these zones will become.... initially you can use an indicator for the purpose, but as your learning curve expands, you will gradually turn to drawing them on your own..... I hope this gives you some insight to guide you finding your unique approach to trading.....
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