DR IDR Advance tips from @IamMas7er (Thread)
1. Obvious displacement in open and close of DR indicates an extension to the long side and vice versa. Stick with neutral bias or the bias you already have if there is marginal difference in open & close of DR.
1. Obvious displacement in open and close of DR indicates an extension to the long side and vice versa. Stick with neutral bias or the bias you already have if there is marginal difference in open & close of DR.
Advance tip No.2
Take Fib retracement tool from IDR Low to IDR High and project 0.5 units standard deviation to the top and to the low to create target matrix.
Take Fib retracement tool from IDR Low to IDR High and project 0.5 units standard deviation to the top and to the low to create target matrix.
Advance tip No. 3
(i). After 10:30 a.m NY time, IDR levels becomes super important and can be used for early entries with stops 2 ticks below and above the DR levels. Reactions/rejections at IDR high and low levels in the direction of your bias, worth considering a trade entry.
(i). After 10:30 a.m NY time, IDR levels becomes super important and can be used for early entries with stops 2 ticks below and above the DR levels. Reactions/rejections at IDR high and low levels in the direction of your bias, worth considering a trade entry.
Advance tip No. 3
(ii) If price closes below and above the IDR levels with no reaction in the direction of your bias then the opposite end of the DR would be the invalidation level for the day.
(ii) If price closes below and above the IDR levels with no reaction in the direction of your bias then the opposite end of the DR would be the invalidation level for the day.
Advance tip No. 4
When price is extending to one side of the DR, it reaches to atleast nearest 0.5 STD with extreme high probability.
When price is extending to one side of the DR, it reaches to atleast nearest 0.5 STD with extreme high probability.
Advance tip No. 5
After sweeping BSL/SSL, the market will retrace to nearest FVG or internal liquidity. So for taking a counter trend trade keep in mind your targets, i.e. internal liquidity/FVG.
After sweeping BSL/SSL, the market will retrace to nearest FVG or internal liquidity. So for taking a counter trend trade keep in mind your targets, i.e. internal liquidity/FVG.
Advance tip No. 6
After confirmation of bias the IDR high, middle & low levels become very valuable points for entries in the direction of established bias. If these levels match up with FVG, Discount/Premium and/or Internal liquidity they increase the probability even higher.
After confirmation of bias the IDR high, middle & low levels become very valuable points for entries in the direction of established bias. If these levels match up with FVG, Discount/Premium and/or Internal liquidity they increase the probability even higher.
Advance tip No 7
The rules and probabilities of DR & IDR would also be equally effective in Asian and European sessions (Overnight session).
All credits to @IamMas7er and for original content refer to master's 2nd video on DR IDR series on @themas7er" target="_blank" rel="noopener" onclick="event.stopPropagation()">youtube.com
The rules and probabilities of DR & IDR would also be equally effective in Asian and European sessions (Overnight session).
All credits to @IamMas7er and for original content refer to master's 2nd video on DR IDR series on @themas7er" target="_blank" rel="noopener" onclick="event.stopPropagation()">youtube.com
Loading suggestions...