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ETM FX - Silver Bullet

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Edward Sassky
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885 views1 page

ETM FX - Silver Bullet

Uploaded by

Edward Sassky
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ETM Fx - Silver Bullet

Saturday, 31 August 2024 12:19

*Use NY session as evidence


*Highs/Lows occurs in NY session
*We are going to wait for 10am
*End of NY (FOR MORE CLUES)

Daily Open occurs at 5pm EST

• Consolidation/range occurs
• Wait for the low/high of the day to be taken out/swept. (stop hunt)
• Once price takes out the Daily low/high, measure from the recent low/high to the low/high
that swept liquidity. (Fib)
• Enter once price trades back into 50% of the low/high to high/low. (use a stop order)

Why is the stop hunt important?


It absorbs the liquidity.
The stop hunt also forms the wick for the daily candle.
(highest point of the day)

What if price does sweep the low/high of the day in the trading window of 10am - 11am?
Then we will be looking for a continuation trade.

*(I don't fully agree with this method of trading 50/50)*

Trading Page 1

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