SLK STRATEGY

This trade hit stoploss yesterday. The setup was against the bearish trend that silver presented yesterday.

Hi, do you also consider fundamentals when using this SLK strategy?

No, I don’t consider fundamentals.

It’s pure technicals.

BUILDING BIAS USING SLK.

To build bias means knowing where the market is heading. It means to determine the direction of the market.

Most traders stare at their charts without a clear bias no wonder they’re always confused. 😩

Here’s how to FRAME your bias,

Spot HTF rejection - LTF breakout using Fresh key levels and enter trades with deadly confidence

I am going to work you through on how to build bias from weekly to entry on the lower timeframe.

Here on the weekly timeframe, weekly rejected and closed above a key level.

Note: A candle rejection and closure above a key level on the higher timeframe is very vital for building your bias.

After Weekly Candle rejects Weekly key level and closed above, we will be expecting a daily breakout.

Daily gave Break Of Structure (BOS)

Meaning that the daily is now aligning with the Weekly

Note: we use body to body for BOS not wicks to body

After Daily Break of Structure

I waited for rejection from the QMR level which was overlapping inside of the FVG

Daily also rejected daily key level and closed above.

After daily candle closed, 4H also broke structure to the upside.

Meaning that the Weekly, daily & 4hrs are in alignment for buys.

4H swept Liquidity to refill the FVG and break structure

Note 📝

If market sweeps liquidity and breaks Structure that low or high is known as strong low or high.

Now we’ll go 1 time frame lower (1H) for entries

Entered at the V shape key level created after the BOS

Market engineered liquidity closer to the key level

Tapped into it then Boom 💥

From IRL straight to ERL

This is a YouTube video that can help you on how to build bias using SLK strategy.

Eurnzd sell on the 3hr timeframe using SLK strategy. Let’s see how this plays out.

I thought I saw this trade on your other thread, has it swept the Asian liquidity?

Yes, it’s the same trade. Asian session has been swept.

Price didn’t tap us . It tapped in trading view but my prop firm broker didn’t tap me in. Price has been doing this lately to me, ignoring my entries and moving in my direction. More setups will be dropped.

Like you set a pending order and it wasnt filled?

Yes pls