how to enter trade through order block[setup process]

 The pride of every trader is to successfully enter the market and make a profit out of their investment, but for many traders, the reverse is the case. Many of them are so perplexed about when and how to enter the market, pull up trades, and make a profit from the market. This is one of the reasons many traders consistently liquidate their funds because of wrong moves while trading.

 

When you’re trying to analyze the market, how do you enter trade? Do you enter trade? Although there are various approaches to entering trade based on the trader's preference, there are basically excellent ways to approach the market. Today, I will show the easiest approach to entering the market through the use of an order block approach. Although no one enters the market without taking order blocks into consideration, that’s why, as a trader, you must know how to analyze trades and how to identify order blocks.

 

Order blocks are simply put in a trading system to represent where buying and selling takes place in the market. In this topic, we are looking at how to enter trade through order blocks as a futures and spot trader. One of the things you should understand about entering the market goes hand in hand with trading setup through the trading view application. With the use of trading view analysis, it might be difficult for you to know where and when to enter the market. In my next post, I will teach you how to set up a trade and how to enter the market through an order block using the trading view setup.

 

How to enter the market using the order block setup.

You can't throw away set-up if you want to trade excellently. Entering trade is not just the end but a means to an end, but knowing the setup that will make you enter the trade from the right order block is very vital. Below, I will be doing a pictorial explanation of ways to enter the market through the order block.

 

Order block.

In trading analysis, an order block is simply the place where buying and selling take place, where demand and supply occur. Every trader always looks out for order blocks to place their trade. How do you identify out the order block? Below is a picture of what the order block looks like.

 

 

The order block also comes in another form, which is in support or resistance form. This is another thing traders always look out for when trying to analyze trading. They consistently look out for the support and resistance during analysis to help indicate when to enter and exit the market.

How do you position your trade before entering it on any block chain?

Before you enter your trade on any block chain platform of your choice, there are some parameters to follow during analysis that can help you position on the right order block.

 

Order block analysis.

The very first step of analysis is to first analyze the trading view chart before taking any further steps. Let's see how to understand the right ways to position your tools, which will help you know how to take advantage of the necessary order block.

 

• Make use of your rectangle tool.

The rectangle tool helps you get the visible area where the order block is well positioned. When you’re trying to place the rectangle tool, make sure the whole rectangle covers the wick. Image analysis is below.

 

 

• Make use of your positional tools.

The position tool is the major tool that helps you read where to enter the market, set stop losses, and where to take profit. How does this work? The position tool cannot work without the rectangle tool. That is why it is very important to place your rectangle tool first before inputing your position tool, because the rectangle tool will help place the position tool accurately. It is also very important to know that the position can be used for both long and short positions. See an image analysis below.

 

Step-by-step analysis of entering trade through the order block.

 Step one

the first step is to first place your rectangle position tool on the order block you identify to place your trade, you place your rectangle tools like you see in the image above.

Step two

 

after you have placed the rectangle tool around the order block, the next thing is to get you long or short position tool and place it around the rectangle tool. just position it just like you see in the image above.

Step three

 

after you have place the long or short position tool, the next thing is to the circled area which will indicate the entering point, you drag down towards the upper line of the rectangle,

Step four

just like the way you drag the first entering position part, you drag the circled place towards the area where the arrow is positioned. be careful not to drag it towards the rectangle line. the reason why it should not touch the line is because in risk management stop loss must be at least 1.5%, another thing you should understand about the circled point is, it represent the stop loss.

Final look.

After you are done with the whole dragging this is how the whole thing will look like, when you are trying to place your position tool in order to place trade this simply the way the position tool will look like.

how setup look like.

simply how a setup look like.

I will be doing how to create and read set up for profitable trading.