A short live-trading clip where Alan Solarsh narrates a TradingView chart while trading from the beach. He highlights a developing pin bar, a forming channel, a red (selling) order block and mentions fair value gaps. His explicit trading plan in this segment is to avoid going long while institutions have sell orders in the order block and to wait for the order block to be broken before taking a position.
Chapters
Okay, so what's today? Sim. What? Tuesday. So it's Tuesday, I'm on the beach and I'm trading and that's the way life should be. So let's go and have a look at the chart and let me show you what I'm doing. So let's go over here. So there you can see that there is a nice little pin bar starting to develop over there. Okay. So there's selling pressure and resistance at that level. You can see that there's a bit of a channel that's about to start forming over there. And I want to show you something else. So let's go to TradingView. And you can see on trading view that there is a red area here. Just make a quant. I'm sure it is. You can see it over there. Let's take a picture. There's a red area over here. So this is an order block, a selling order order block. So it is a.
Not a demand zone but it's where the banks have got their sell orders and going long at this point in time for me. Not an option. So I'm gonna wait a little bit and I think that the price is going to reverse and I think that we're going to see a second candle below the atma. So always good to notice. Let's go there. Always good to notice. Okay. And to take note of what's happening on the order blocks and on the fair value gaps. And you know you, you can't be taking positions when the institutions have got their sell orders there ready to short the market and then you're stuck with a trade, a buy trade when the institutions are sell. So we need to wait for that order block to be broken and then we can make a decision. So that's the story and that's what I'm doing.
