A trading-tutorial transcript (Kardec Trader) explaining how to identify "sniper" entries using price-action and liquidity concepts around market open. The speaker describes observing breaks of structure (BOS), liquidity sweeps of internal highs/lows, and using respected highs as locations to take sell entries after induced buyer activity and subsequent moves away from levels.
We chop around for a bit, we leave these equal highs again, we can simplify it as much as possible. You can see how price has stabbed out the low. We've just marked out return back to the highs. This is going to be an area sellers are looking to take entries from. High respects high and then we sell off to the downside from there. We respected the low Y this is because buyers were induced once we had this BOS in the market. So they're looking to take entries down here. This is all happening again. Look at the time. This is right after stock open. The stock open opens up, sell off to the downside. Buyers are entering positions here. So again we get that move away, which is what I want to see. I want to see this area respected and I want to see the move away occur which now tells me we have liquidity below this low. If I drag this high, move it across, look what happens here. This bullish move that occurs from the lows came up to sweep these internal highs that we built right before New York open. And big surprise, we respect this high. Why there was no liquidity above this high. So of course now since we've respected it, there's going to be liquidity up here now. But in this time in live price, we've spiked out these internal highs. This is where I'm looking to take my sell entry there.
