Explain the typical opportunities in an order book! Target rising scenarios where buy stop-loss orders are accumulating
I’m thinking of using the OANDA order book like the Crab Trader, but I’m not quite sure how to actually apply it to trading. In this video, we’ll explain typical opportunity situations. The key is the bias in the order book. (Reported by FX攻略.com Editorial Department, Takeushi Shikanai)
What you can learn from this video
In this video, you’ll learn the following:
- Explain opportunity situations on the USD/JPY 5-minute chart
- Check the volume in the lower left and upper right corners!
- Take profit about halfway up the order bars
- Where there are many bids and few asks, price movement tends to stall
- When rangebound, energy builds up and then you break through strong areas!
● Video: 6 minutes 29 seconds
Profile of the Crab Trader
Started YouTube Live on January 15, 2018. Provides live coverage of all his trades from noon to midnight for 12 hours. Under the themes “Make money, in front of your eyes” and “Make money, in front of you too,” he publishes every bid, ask, and entry daily.
YouTube channel:fx Crab Trader Kaz Young
How to view FX videos
The section that can be viewed by those who purchased the article (at the bottom of this article) contains the FX video embedded. Click the play button to start the video.