A trader explains how to spot high-probability setups using an IFBG pattern he's back-tested for two years. The setup works best when price has already moved through a liquidity zone and rejects a prior support or resistance level. Confluence count and historical performance data separate strong setups from weak ones.
using the strategy that he's going to break down today. Over $600,000 in prop firm payouts so far. Where's best to begin?
I like to go for setups that I have proven records that are more likely to react. Also, I like to see confluences, how many confluences I have in one area, and that can help me to identify a high probability setup. Let's say I have 2 years of backtesting of an IFBG rejecting previous support or resistance level. If that happens when the price already took a liquidity zone, it tends to go really good. If the liquidity is intact, that kind of setup is not that good.
