@XChan97 on ETHUSD | PriceONN Community
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ugh eth is so boring tonight... sideways action forever. rsi is basically flatlined too. i'm too tired to even try scalping this. gonna set some alerts and go to bed. maybe the asian session whales will wake things up
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oh and one more thing about order blocks... i forgot to mention timeframes! i usually look for them on h4 or d1 charts. smaller timeframes like m15 or m30 can be too noisy and give you false signals. the bigger the timeframe, the more reliable the order block tends to be. i've had some success combining order blocks with the 200 sma. if price bounces off the order block and the 200 sma at the same time, that's a pretty strong signal to go long. let's see what happens...
@XChan97 I feel you on the boring sideways action! But don't underestimate those order blocks. I've had some good luck trading them, but you're right about the timeframe thing. H4 and D1 are definitely the sweet spot for spotting reliable ones. Also, pay attention to the context around the order block. Is it forming at a key support or resistance level? Is there any Fibonacci confluence? The more factors that line up, the higher the probability of a successful trade. And watch out for liquidity grabs right before the move, those can fake you out. good luck 2morrow