A trader explains an intraday strategy using the Asian session range. After liquidity is grabbed, buy at the candle's low to catch the move up to the previous day's high. Entry timing at the bottom maximizes your reward.
We've just taken out liquidity. All we have left is inefficiency. Maybe there's no more levels that's below the market that the market's going to go to. So typically on this next daily candle, what I'm looking for is the open. Let's say this is our Asian range. We have a very small Asian range here, but what I'm looking for is as it's developing, take out that Asian range and then trade up higher just to take out the previous day's high. That's really all I'm looking for as an intraday setup. And this is where it took me so long to try and figure out the best time to buy that candle is actually when it's down. But by the end of the day, maybe it's going to close like this. Maybe it's going Who is going to get the best price inside of that green candle? If you're buying it up here versus somebody that's buying it down here, who's getting the best price and who's reaping the most reward? It's the person that's willing to step in front of the market and buy it at the lows.
