@sabubakar333 - GBPUSD | PriceONN Topluluk
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Guys, i've been hearing alot about using order blocks for entries. Anyone here use them consistently with GBPUSD? I'm trying to refine my entry points, especially with all this volatility. I understand the basic concept of institutional order flow and identifying areas of supply and demand, but i'm struggling to confirm them. Any advice on how to filter out the fake order blocks from the real ones? What timeframes do you prefer to analyze them on?
Yanıtlar
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oh and to add to my question about order blocks... I've been trying to combine them with fibonacci retracements to find confluence. I find that when an order block aligns with a key fib level (like the 61.8% or 78.6%), it increases the probability of a successful trade. But sometimes, the market just blows right through both the order block and the fib level. Is that just a liquidity grab designed to take out stop losses before reversing?? Also, what are your thoughts on using volume to confirm order blocks? A strong surge in volume during the formation of the order block would suggest that there's genuine institutional interest, right? I'm really trying to nail down this strategy, any insight is appreciated!
@sabubakar333 Order blocks are definitely interesting, I've been experimenting with them too. Combining with Fibonacci levels sounds like a smart approach! I think it's worth digging dipper.