Let us deep dive into all the reasons why these levels mentioned above needs to be considered in taking the next trade.
Used OI, CVD, BidAsk candle using ATAS.
1&2:Explains why should we wait for trades to come to us As you can see 1 did not work as expected, but 2 gave us a good rejection. Lets look deep into the Bid ask candle and OI at these levels
Now for BId ask candle see there are 0 ask on the level, we had good divs at the level maybe thats the reason for a small move down.
4 & 5:
see the levels and how price reacted, lets look into 886 first, https://gyazo.com/22675c47f1e2a1c31ee8782a6eccf008 we had everything lined out for us trapped longs, OI cash and CVD spike. Unfortunatly this would have been a small scalp and nothing more as price came out to take the SFP level.
https://gyazo.com/7e457bc2e64f97bdc70d4f19d32a1061 this is how perfectly the levels payed an important role in trapping the breakout traders, never should you be on the side of breakout trades as this is how they get annihilated, 0 ask and all buyers at that peak, market reversed by taking all the liquidity, see the POC of that candle there is no way this was flawed everything was brilliant. RIP breakout bois.
ملاحظة
unfortunately i deleted the whole idea before saving, so this is a quick explanation of what i had in mind and how traders are stopped out and majority are in loss.
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