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Understanding Order Blocks in Trading

Tradable order blocks

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Ayomide Opeyemi
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0% found this document useful (0 votes)
35 views26 pages

Understanding Order Blocks in Trading

Tradable order blocks

Uploaded by

Ayomide Opeyemi
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

Machine

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EXCHANGEABLE VS

NON-TRADABLE ORDER

BLOCS
The best trading strategy

Spot WhatsApp KenneDyne•


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ABBREVIATIONS AND DEFINITIONS

COMMAND BLOCK [OB]

OB is a down/up candle at/near support or resistance before the up/down move, respectively.
The down candle is a bearish candle

Up Candle is a bullish candle

The bullish order block [BuOB] is a lowered candle at the support/near level, before the upward move

The Bearish Order Block [BeOB] is a bullish candle at/near the resistance level, before the move down

Index:

For a risk entry type;

If the BuOB is not bad, we place our Buy Limit at the high price and Stop Lose [SL] at the low price of the candle.
If the BuOB is bad, we put our Buy Limit at the opening of the body and SL at the lowest price Reverse everything for BeOB

IMBALANCE [IMB]

This is insufficient trade in the market. Sometimes called Liquidity Void [LV].

When there are not enough transactions in the market, the price often returns to fill the remaining orders.

Imbalance is created by 2-3 or more extended range candles [ERC]

The ERC candle often closes at 80% of the candle range

Exposition:

When we have 2-3 or more bullish candles, it shows insufficient trading. i.e. there were fewer sell orders to
associate with buy orders.

Hypotheses;

When the market maker [MM] wants to push the price up to a certain level, it is assumed that there should be enough sell orders

to match his buy orders (this is how he makes a profit).

So when the MM breaks away from a given level with force and magnitude, leaving behind an LV (IMB), we can use this to assume
that the sell orders that were available at this level were not sufficient to match their buy orders.

Therefore, the MM will often return to this level for attenuation.

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MITIGATION

Mitigation means; to reduce the risk.

When the MA pulls the price away from a level with strength and magnitude, let's say it is buying; it is assumed that this is used to induce

retail traders to join the movement.

And because most retail traders are price hunters, they join the race with their Stop Loses [SL] set.
This is the (supposed) reason why the MM will return to wipe out SL retail traders. When their (retail merchants)

SL are hit, they are eliminated from the move, so MM mitigates their risk (THEY WILL RETURN TO INITIAL TREND SO MOVE ALONE).

Index:

To know that MMs attenuate, there are a number of things you need to consider.

For example, the LV must complete certain tasks before committing the OB.

Exposition:

To validate a BuOB with a bullish LV;

1) LV should eliminate the opposing OB or 2) LV should


break the market structure or 3) LV should create an EQL

high equal. This is valid IFF the price rebounds from HTF BuOB (For

Reversal Entry) or a trading market (for re-entries)

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REVERSAL ZONE [FZ]

It is then that Resistant [R] becomes Support [S] & vice vasa [vv]

Index:

Before buying at Support (initially Resistance), check the force that was used to break the
Resistance. Here we want to see LV before locating our OB.

SIGNIFICANT SUPPORT AND RESISTANCE [SSR]

SSR is a multi-tested Zone Flip.

This is where the Market Maker [MM] comes back to mitigate its losses.

Since SSR is a STRONG ZONE where retail traders use to place their orders (orders
stops), the MM will want to activate/manipulate their commands before resuming the original direction.

Exposition:

Let's say the market rallies, then changes direction to start falling. Before it falls any further, it creates an SSR.

Now, Break Out Traders will place their Buy Stops just above the SSR, hoping that when the market breaks the

SSR, their orders will be activated. Their SL will be a few points below the SSR.

Similarly, support and resistance [SR] traders will place their sell limit in the SSR zone and their SL a few points
above the area.

But what happens when the MM pulls the price back to that SSR level?

The MM will come and BREAK the SSR, activating both the SR and the Break out Traders. When the price resumes its downward trend

down, these two traders are eliminated by hitting both SLs.

WHAT A LIFE!

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TRADABLE VS NON-TRADABLE BLOCKS OF ORDERS

Not all OBs qualify to be tradable.

Therefore, we want to consider some aspects regarding our entry types before committing to the market.

In this topic, I will focus ONLY on the characteristics of tradable OBs (reverse everything for non-tradable OBs).

Tradable OBs generally have a higher probability when we expect the price to respect the block, in case they
would come back.

But how to validate this kind of OB?

It is essential to understand that an OB at any given time is only tradable if it is consistent with the analysis of several
deadlines in your deadline matrix as well as the following rules;

FEATURES OF BLOCK TRADING ORDERS

1. OB SHOULD BE NEAR SUPPORT/RESISTANCE

2. OB SHOULD BE AT/NEAR FLIP ZONE (Good for reverse inputs)


3. OB MUST BREAK THE MARKET STRUCTURE [BMS]
4. IMBALANCE AFTER OB CREATION MUST BE 2 TIMES OB + RISK

REWARD [RR] MUST BE 3 TIMES OB 5. OB MUST


ELIMINATE AN OPPONENT OB 6. OB BERISH MUST BE
ABOVE SSR AND OB BULLISH MUST BE BELOW THE
SSL

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1. OB SHOULD BE NEAR SUPPORT/RESISTANCE

Risk entry
Confirmation of entry

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2. OB SHOULD BE IN/NEAR FLIP ZONE

ZF

ZF

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3. OB MUST BREAK THE MARKET STRUCTURE [BMS]

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4. IMBALANCE AFTER OB CREATION MUST BE 2 TIMES OB + RISK

REWARD [RR] MUST BE 3 TIMES THE OB

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5. THE OB MUST ELIMINATE AN OPPONENT OB

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6. BERISH OB MUST BE ABOVE SSR AND BULLISH OB MUST BE BELOW SSR

SSL

BeOB above the SSR

RSS

RSS

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RSS

BeOB sous SSR

RSS

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THE CONFLUENCE

Here you want to come up with your own set of rules (confluence) to confirm them before you

engage in the market.

Regarding the above 6 characteristics of tradable OBs, which do you consider to be your 2 best
confirmation ?

Well, it's up to you to practice and choose the trading method that suits you.

Tip: When trading with this method, make sure to stick to your timeframe matrix [TFM]

GREATER PICTURE TIME CONFIRMATION TIME ENTRY PERIOD

FRAME FRAME

MN WK D1
WK D1 H4

D1 H4 H1

H4 H1 M15

H1 M15 M5/M3/M1

Exposition:

For example, take H4 – H1 – M15

If the price respects H4 BuOB, mark the opposite valid H4 BeOB (this will be your range)

You will now trade within this range… i.e. look for buys on all H1 BuOBs with

sniper entry confirmation on M15 BuOB.

This method is valid if and only if the price has not reached the opposing BeOB.

Below are random examples of OB entry with Confluence confirmation

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Confirmations

1) OB to support
2) Imbalance is 2X
3) RR is 3x

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Confirmations

1) Imbalance is 2X
2) RR is 3x

3) BuOB opposition withdrawn

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Confirmations

1) BeOB removed
2) Imbalance is 2X
3) RR is 3x

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Confirmation

1) BuOB removed
2) Imbalance is 2X
3) RR is 3x

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Index:

Step 1: Choose your TF, i.e. H4 - H1 - M15 Step 2:


Choose your confirmation, i.e. LV + BMS + 3RR Step 3: Wait for
your configuration to form

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USEFUL LINKS

Register here for 101 Coaching, Trading Hub and Training

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Join the Institutional Traders WhatsApp group here

Disclaimer

There is risk in trading Forex, commodities, stocks and synthetic indices.

Therefore, before deciding to participate in trading an instrument


financier , you should carefully consider your investment objectives, your level

of experience and your appetite for risk. Only invest what you can afford to lose!

#Discipline #Work #Patience

START TRADE HERE

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