When people with a lot of money in the market get involved youll notice it in price action
When we get a down candle we can be assuming we get a orderblock
Even in the candle that broke the high, if it trades back immediately we can enter on the same candle that broke the high, if you didnt enter yet, we will be waiting on a retracement after the displacement
Primarily we focus on the body of the candles, so we wenter on the high of the body, if we use wicks we’re overlapping orderblocks with FVGs thats when ICT uses the wicks
Set an alert at the orderblock and wait, the hardest part is waiting, but you should have your risk ready and your target
This is where you enter
If its a limit order, add some pips for spread because youre buying
The best orderblocks will not trade below the 50% of the orderblock, 50% measured from the body open to close, the mean threshold
Stop loss could be below the low of the wick but primarily we will place stop loss below the body of the candle
There will be sub topics in december about orderblocks as well
Primarily we’re going to be trading in the direction of the monhtly chart
the Daily can switch more between bullish and bearish while the monthly will continue the bearish bias