<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> PO3 / TP advice
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DOL is the C.E. of the Daily Wick.
Everything relative to daily and weekly TF, can be found on the 15m. If you understand where your Weekly Expansion and Daily DOL are, you can jump right on the 15m.
So we are looking for longs (C.E. of the wick DOL), the ideal scenario is for the algorithm to reprice below the midnight open price. We start looking for that after 8:30. and then 9:30.
After 8/9:30, price comes below the 0:00 open price. Then on the 10:45 candle we attack an old low.
You might look at that move after the rejection on the LFT and say that that’s your model and that’s okay. Some people they don’t have time and they have position themselves on swing trades. This is how you do it:
💎If we are bullish and we are looking for a move below the 0:00 opening price, to get an ideal PO3 entry (AMD). That can be used on the Daily range and/or on the Weekly. But it can be also be utilized inside the sessions (AM/PM). Each one of those fractals of time, PO3 is when (bullish) you expect the low to form below the key opening price.
In this example we dropped below it and also reached for an old low and Sellside Liquidity is collected, engaged. Why is that necessary for the market to see that? It will drop down below there to absorb all that Sellside and be use it as COUNTER party to THEIR SM longs. They are buying their sell stops, below the 0:00 opening price.
This is where you would place your position as swing or non intraday trader. You would just have your alerts set for when the market drops down there and put limit orders.
And whatever high you are aiming for, there should be 2 of them. The high of the day and the DOL. You don’t need to babysit it. You would have a small position position, 1 contract. And you just let it go. You don’t worry for the small fluctuations. But lets look at them on the 5m.
Notice here how PA is very choppy but still keeps going higher….
Every time it creates a HH and starts to break down, retail traders were expecting this to break down while we focus on the C.E. of the wick 4072.75 level. There is nothing to fight, you don’t want to short anything inside that white circle, cuz the algorithm will keep repricing higher and it will frustrate you and you’ll blow your account getting revenge trading, not knowing what are you doing.