Trading the smaller time frame

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https://www.tradingview.com/x/LJr19myx/

As usual my day begins with me running some house core as the rest of the family travelled for holiday leaving me alone in the house... this has been both fun and relaxing for me as I tend to do things at my own time and in my own pace with no one putting any pressure on me, there after I jumped to the chart analysing trade set up after prayers.
Let me begin with this as i have been learning alot lately ; just for the sake of price observation, I always prefer to examine these wicks on 4-hour time frames. Sometimes, it also extends to the 1-hour time frame.

I using refer to these wicks as market makers' footprints trying to trap traders, where they endeavor to establish their long and short positions. This is where you can observe the price being constrained within a specific level.

https://www.tradingview.com/x/HEvvGEVp/
Now, not every wick is a market maker's wick, and not every market movement is attributed to a market maker. However, these wicks mostly correspond to significant market shifts, as they target areas of substantial liquidity where market makers establish their buying and selling positions. Market makers hold substantial positions to fulfill, unlike small or medium traders. This is why they limit the price within specific levels while they execute their orders. It's important to recall that for every buyer, there is a seller, and vice versa.

Now, remember that by the end, even the market makers (referred to as MM) follow the price action. That's why, for me, price action is king. Market makers' movements will consistently adhere to support and resistance, ranges, deviations, and more. This is what is refer to as price action and will show that in these trading setups so you will be aware of it.

https://www.tradingview.com/x/DRYZKZ3W/

Now this system relies mainly on defining imbalances in price where you will mark the impulsive candles that are on the chart and we refer to it by liquidity pool.

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Thanks for stopping by my post, will be sharing another content soon.
Check the chart for how we define the wick and what you need to do, now for how to position yourself to take a trade like a market marker


This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io


21/08/2023
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Daily Activity, House Chores



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