Samoth wrote: Sat Oct 19, 2024 4:10 am I had a lot of time to work on my charts today.

I watched almost 10 hours of podcasts on the Interbank Price Delivery Algorithm (IPDA), which is the algorithm that controls the whole market to figure out why the market moves the way it does.

I was thinking about how I can increase the probability of finding the perfect entry for the 2nd dot without the price snapping back and triggering my stop loss.

Instead of looking at the chart in M1 for hours, I just wait for the appropriate framework in the higher time frames. Then I wait for the next sema sequence and enter at the 2nd dot.

The main idea behind it is:

1) Where will the Daily candle expand to?
2) How will it do this? What is the algorithm programmed to do to push the price down before the expansion takes place?

Looking only at the M1 chart without the context of the higher time frames is like judging a painting by a single brushstroke.

Screenshot 2024-10-18 182036.png