The Daily Pip Cycle [PDF]
First thing, be sure to have learnt the order block strategy before jumping to this strategy. Without the foundation you will struggle.
The theory is based on the liquidity. Simple as that. We all know by now that liquidity is what fuels the market and this strategy is based on grabbing liquidity and running.
So, whats the backstory?
During the Asian it is believed to be a 'ranging' or 'consolidating market' Now what do we know about consolidating markets and how the markets function?
Ranging markets = Equilibrium between buyers and sellers. Everyones happy.
Will this last? Of course not mate!
So, the idea is to grab liquidity from either the sellers of buyers and the reversing. Our entry is that reversal.