THE NORTH GOD FOREX ACADEMY SESSIONS AND BROKER TALK I recommend choosing only one pair / metal /index, in only one session (London and New York are the best choices) You should master the chosen pair by backtesting the heck out of it (I highly recommend to use TradingView Pro plan, so you can replay price on any timeframe). Start by going back a few months on the chart, and backtest every single chosen session. This will help you to understand the theories and logic behind everything the chosen pair does (in the chosen session of course!!!) Trading on 4-5 or even more pairs will confuse you using this strategy. Personally, I only trade nas100 in New York session, from 2pm to 6pm (GMT+2 timezone, johannesburg) & (sometimes i catch london from 08am until ny close ), meaning I'm actively trading 3 hours/day but sometimes when i catch london is lese than 5 hours. I started to trade forex for financial and time freedom. Why would I trade 8-10 hours a day then? Trust me, EVERY session has more than enough opportunities EVERY SINGLE DAY! This is the most optimal session time for me, I can get my things done, have chilling time. RULES 1.Before every session open, you should go and check out if there's any upcoming HIGH IMPACT news. 2.I recommend https://www.forexfactory.com/calendar (Forex Factory calendar) for this purpose. 3.Trading news is risky. In order to protect your capital you should ALWAYS be careful opening a trade before high impacts (marked with red folder on Fx Factory) 4.If you've got an open position before the news are released, you should manage it to risk free (put your stoploss to at least BreakEven [BE] ) SUPPLY AND DEMAND MITIGATION / UNMITIGATED supply/demand is a zone, where price rapidly pushes away from (lots of orders placed) breaks structure (BOS) /change of character (CHoCH). There are 2 rules you should focus on when trading this method. -Did it break structure, or change character? (Did it break S/D? -(did it create liquidity before the zone?) What's mitigation/unmitigated? when price taps into a d/s zone, that has not been tapped yet, it becomes mitigated from unmitigated These unmitigated zones could be our TP points after CHoCH, or entry points on continuation. ChoCh Example Continuation Example In order to find the best s/d(order blocks) zone: find areas where Inefficiency/imbalance has been created find the last recent candle before the Inefficiency it doesn't have to be an opposite direction candle! (for example: if the Inefficiency was created on the long side, you can choose an upside move candle, it doesn't have to be a downside move candle.) Example Of INF(inefficiency & nice Point Of Interest) DAILY PIP CYCLE STRATEGY First thing, be sure to have learnt the order block strategy before jumping to this strategy. Without the foundation you will struggle. Take your time understanding the concept and acknowledge that this is an edge and every edge will have failed set ups. However, understanding that an edge is for long term profitability. So why use this strategy? This is ideal for those who are looking to trade intraday set ups during London session & New York Session. The entry criteria is not different to our order block strategy, you simply need to understand the why. Below is the set up in a very basic visual representation So lets try and understand the theory and the reasons why this happens The theory is based on the liquidity. Simple as that. We all know by now that liquidity is what fuels the market and this strategy is based on grabbing liquidity and running. So, what’s the backstory? During the Asian it is believed to be a 'ranging' or 'consolidating market' Now what do we know about consolidating markets and how the markets function? Ranging markets = Equilibrium between buyers and sellers. Everyone’s happy. Will this last? Of course no mate! So, the idea is to grab liquidity from either the sellers of buyers and the reversing. Our entry is that reversal. Make sense so far? So what is ideal for this strategy to work? You need a ranging market during the Asian session. By now you all should able to distinguish between a ranging market and a trending market. why do you want a ranging market? Because of the equilibrium in the market, we need that liquidity hunt. If market is trending, this not only make liquidity grabs unclear but it lowers the probability as there is no question of institutions looking for higher or lower prices as the trending markets will already show its hand and intentions. You may use this on trending markets but bare in the mind the win rate and probability. Step 1 Approach Now, once London opens, this is when you have to be ready. Why during London? The first 2-3 hours is the most liquid time in the markets and if this set up was to play out it will do so during this session. So how do you set it up? On any time frame you are comfortable with, mark the asian range high and low (2am – 8am ) and set an alert. Also mark an order block that the market will get to manipulate to by london session We must catch the reversal after any high or low of asian range has been taken out Step 2 Step 3 Are You Getting The Hang Of It ? Okay Now Let’s Jump This Topic But Put In More Practice. Fixed Range Volume Tool It shows influx of orders in the market where institutions or smart money i can say are more likely involved. Example So this is how it works you mark it aligning with the trend structure you are in if you are in an uptrend you have to make from higher low to higher high and it gives more confluence when it’s aligning with our order blocks strategy Hope You Enjoy All The Hard Work I Put And Information Guys -the north god
