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@D_Acetrades

22 tweets 38 reads Sep 30, 2023
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The day I found out people make a lot of money by just drawing lines and rectangles, my mentality changed.
The day I found out people make a lot of money by just drawing lines and rectangles, my mentality ch...
The term "order block" refers to an accumulation of orders that are left behind as a result of a sudden expansion in the other direction.
When price returns to this level, it gets filled and price moves in the same direction once more.
Allow me to freshen up your memory and breed you in on the secret of basic order blocks and how to identify and make the most from them in the market.. I'm sure y'all are with pen and a book, with parago chocolate.. LFGπŸŒβ€β™‚οΈ
The simple way of defining an order block is the last opposite candle before the strong or impulsive move ( it will be before a strong or impulsive move ; take note)
There are basically two types of OBs namely:
The simple way of defining an order block is the last opposite candle before the strong or impulsive...
1. Bullish OB
2. Bearish OB
OBs are usually found at swing lows or swing highs but this does not have to be the case; Order blocks can also form in the middle of a range, just that it may be short term
Without further ado, let's dive into the types of OBs
1. Bullish OB
On an uptrend, price tends to move upwards and each time there is a break of structure, there's usually an OB left behind, in such case, when price is coming back to that level once again, orders are picked at the OB left behind
1. Bullish OB On an uptrend, price tends to move upwards and each time there is a break of structur...
2. Bearish OB
On a downtrend, price tends to move downwards and each time there is a break of structure, there's usually an OB left behind, in such case, when the price is coming back to that level once again, orders are picked at the OB left behind
2. Bearish OB On a downtrend, price tends to move downwards and each time there is a break of struc...
Note; What constitutes a valid or a correct Order block to trade and whether it will be short term or a swing trade depends much on the trend or cycle the market is in.
I know some of you must have been wanting to ask; what if the order block got breached or broken throughπŸ€”
Well.. An order block becomes a breaker block after price passes through it and and holds above it.
BREAKER BLOCKS are previous broken order blocks that are retested on the other side, much like a S/R flip.
BREAKER BLOCKS are previous broken order blocks that are retested on the other side, much like a S/R...
BREAKER BLOCKS are previous broken order blocks that are retested on the other side, much like a S/R...
Let's dive in into our charts and mark out each of these OBs, shall we??
πŸ“ŒScenario 1
πŸ“ŒScenario 1 https://t.co/fzDwcAe3S2
The market is visibly on an uptrend, the arrow above with an X inbtw signifies BOS( Break Of Structure) and as you can see, an OB was left behind after the break.. opposite candles to the sell candle must be strong and impulsive( NOTE)
πŸ“ŒScenario 2
πŸ“ŒScenario 2 https://t.co/92UmcHd4yR
πŸ“ŒScenario 3
πŸ“ŒScenario 3 https://t.co/DpFlhZgUbR
The bearish OB are seen on scenario 2 and 3 but scenario 3 shows it clearly.. the market is on a downtrend and there was a break of structure as marked on the chart with an arrow then there was a buy candle left behind and an impulsive red candle confirming it is a valid OB
And of course, the OB was respected and played out very nice.. it was a snipe entry infact
I think y'all should be able to recognise a good and valid OB when analysing the market by now
πŸ“ŒScenario 4
πŸ“ŒScenario 4 https://t.co/4oEU3qXCjz
Idenfying a breaker block; the market is selling and it is expected to keep selling until price reverses, in this case, there's a clean break of structure, and there was an OB left behind waiting to be filled after price comes back to the level but
In this case, the OB was breached, usually, there's usually a retest of the OB then boom; price going the opposite direction as seem on this chart
I believe y'all has jotted a lot down and you should backtest and try finding all these on your charts, they are obviously there for you to find..
Here is a list of people you can follow to learn more from and their threads and updates
@Marresecira @D3TRIOTT @neehyeehwah @Starr_gael @Tev @_InvestorBen @InvestorBateon @AartTheTrader @Alh_Myke1

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