SLK STRATEGY

2. ERL (External range liquidity).

External range liquidity (ERL) is a kind of liquidity that is found at the top or bottom of a range.

Let's put everything together

●Scenario 1

Price move to re-balance an old imbalance.

There is an imbalance below the IRL, that account for the IRL leg not holding to be a higher low.

Scenario 2

Price attacks liquidity

Anytime huge moves are about to happen, price needs to attack some sort of liquidity (IRL)

CLUE

1. Always expect price to takes out liquidity (IRL) before executing

2. IRL with imbalance above in a bearish scenario mostly plays out (same as in bullish structure)

3. Target the nearest external range liquidity (ERL)

Yes

I have explained the three major concept of this strategy i.e. Structure, liquidity and key levels. Hence, i will drop further details on how to combine both together.

This video posted will help you see how effective trading the SLK strategy.

susbscribed!

Thank you

This video will help you understand fully market structure. Pls do well to digest it.

NOTE: I am dropping videos so that you all can understand what i used schematic diagram to explain. I will drop more videos.

@headies pls what instruments does this SLK strategy work for?

It works for all instruments. I trade currency pairs, indices and synthetic with it. I have not tried it with trading stocks yet.

If it does then why are you not trading gold with it? Afterall gold is more profitable than the currency pairs

I trade Gold with it. The reason why i am not trading it at the moment is because no opportunity has been presented yet. I am looking at a buy setup for Gold though, i will share it with you all later.

okay sir

This is a trade on EURCHF i will be taking using the SLK strategy. I will be selling with 10pips stoploss. My trade will trigger at that entry marked.

This can be very painful as a trader, price ignoring your entry and going in your direction. Pls delete your limit for this trade.

I have this setup on Silver using SLK, lets see how it playout

This is the second video on market structure. This video will help you in understanding market structure which is the core of this strategy. Videos on keylevel and liquidity will be released later.