TheBossTraders Course Study Material
TheBossTraders Course Study Material
TheBossTraders Course Study Material
Welcome to THEBOSSTRADER Order block playbook. This will be your point of reference
when using this strategy. Using order blocks is all about understanding the story behind
each trade and understanding why order blocks exist and how they are used.
Understanding this will change your perspective on how you view the markets.
Order blocks (OB) are areas where Institutions are either buying or selling from, these blocks
are formed prior to a large impulse to an already pre-planned direction. The reason we trade
order blocks is that for the institutions to make a move they need to grab liquidity first, this is
from retail traders' stop losses, where many retail traders call it 'stop hunts'. So institutions drive
the price to grab this before creating their desired move. Institutions do not use Stop losses,
which means although they have moved the market how they would like, they still have a trade
going the opposite way in heavy drawdown. So they drive the price back down to mitigate their
orders then continue the move. This is where we come in with our strategy. We look to enter at
this mitigation and follow price with them.
This strategy is not overly difficult however requires practice to understand how OBs work.
EXAMPLE 1
AREAS.
KEYWORDS:
SH - STOP HUNT/MANIPULATION
DISCOUNTED PRICE
In this section, we are going to look at PREMIUM PRICE AND DISCOUNTED PRICE using the
Fibonacci to help identify which ODER BLOCKS will most likely hold when looking for
significant levels or areas of interest. Our level of interest in the Fibonacci is 50% level.
Looking at the diagram above, we can clearly see that we have two order blocks paired with
some imbalances clearly showing that the banks/ market maker was involved in this big move
to the upside...Now we need to identify which order block will hold.
Looking at the behavior of the candles shows that price is currently respecting that area. We can
now make an entry.
DONT FORGET TO BACK TEST THEN FORWARD TEST BEFORE INVESTING MONEY IN THIS...ON
AVERAGE IT HAS A 68% WIN RATE. WHICH SHOULD DEFINITELY MAKE YOU PROFITABLE OVER