After re-watching the videos several times, I have finally completed the exercises in Module 3. WHOA just WHOA! Very cool to have a sort of conviction on where the price is likely to go based on liquidity.
My result was 50:50 right versus wrong. But trading liquidity allows me to look for higher R:R trades. I was able to take 1:5 RR trade that played perfectly. So cool! Hehhehe still a long way to go.. but so excited about what the future holds. Thank you AOC!!!
Some of my lessons learned/observation:
- Price will almost always reverse/pullback after taking liquidity (especially on major S/R).
- It's better to take trade following the HTF trend bias.
- Check few key timeframes to make sure I don't miss out on details of where liquidity is.