I used to think price action alone was too high risk. But I have opened my mind to price action tactics and all i can say is yes you can trade price action with a greater than 80% success rate (or better) . So credit where credit is due and apologes where apologoes are due... to the price action guys.
however.. why not use an indicator that gives you a fairly accurate estimate of the force that will likey come from that previous order block
Price has been bumping off of that supply block/supply zone. I do like the idea of calling it a block versus a zone. Price wats to clear that block before getting through it. some order blocks may not get revisited for months. Its the old look to the left of your chart basic technique.
Our job as retail is to target the order block... that is it. What we do when price arrives at that order block, wether to buy or sell will come back down to your range analysis. A pretty large advantage you gain using volume over price action alone is that you can roughly determine when the block is cleared and price is either ready to mark up or mark down.
If the order block is in a supply zone we would look for a no demand
If the order block is in a demand zone we would look for the no supply.
however.. why not use an indicator that gives you a fairly accurate estimate of the force that will likey come from that previous order block
Price has been bumping off of that supply block/supply zone. I do like the idea of calling it a block versus a zone. Price wats to clear that block before getting through it. some order blocks may not get revisited for months. Its the old look to the left of your chart basic technique.
Our job as retail is to target the order block... that is it. What we do when price arrives at that order block, wether to buy or sell will come back down to your range analysis. A pretty large advantage you gain using volume over price action alone is that you can roughly determine when the block is cleared and price is either ready to mark up or mark down.
If the order block is in a supply zone we would look for a no demand
If the order block is in a demand zone we would look for the no supply.
Note
The distance price traveled out of the order block into the next one give you a very good idea of what the reaction might be once price re-visits that order block. If you look closely its very clear to see.. and very accurate.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.