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G Cash IC Breaker order blocks
Overview
Understanding Order Blocks
Order blocks are essential levels used by institutions to facilitate buying and selling in the market. They provide valuable information about market structure shifts, trend continuation, and trend reversal. Source order blocks, represented as rectangles on the chart, indicate the continuation of a trend until the last step is broken (LSB). On the other hand, breaker blocks, depicted as solid rectangles, signify a shift in market structure and potential trend reversal.
The Power of G-Cash IC Breaker
G-Cash IC Breaker simplifies the trading process for traders by automatically drawing source order blocks and breaker blocks on the chart. By attaching the indicator to your chart and analyzing the last solid breaker rectangle, you can follow the source order blocks in that direction until price action indicates a new structure. The indicator also alerts you to the presence of breaker blocks or retests of existing breaker blocks, helping you identify potential entry and exit points.
Key Features of G-Cash IC Breaker
- View current time frames of source order blocks and breaker order blocks
- Receive alerts through pop-ups, email, and push notifications to your MT4 phone app
- Identify new breaker blocks and retests of breakers
- Customize colors for all order blocks and breakers
How to Use G-Cash IC Breaker
To maximize the benefits of G-Cash IC Breaker, it is crucial to understand how to apply it in your trading strategy. Here is a step-by-step guide:
Step 1: Analyze the Last Solid Breaker Rectangle
Attach the indicator to your chart and locate the last solid breaker rectangle. This represents the LSB. Follow the source order blocks in the direction indicated by the LSB until the price indicates a new market structure.
Step 2: Identify Breaker Blocks
Wait for a new breaker block to form in the opposite direction of the current market structure. Enter a trade on the retest of the new breaker, aligning with its color. Place your stop loss below the low of that breaker and set your take profit at the next significant level, such as support/resistance, supply/demand zones, or the next opposite direction breaker block.
Step 3: Combine Time Frames for Enhanced Entries and Exits
G-Cash IC Breaker allows you to view higher time frame breaker blocks, providing directional bias, in combination with lower time frames for precise entries and exits. For example, you can use the M15 time frame for entries while viewing H4 and M15 order blocks together for tighter trading decisions.
Step 4: Risk Management and Profit Targets
Aim for a risk-reward ratio of at least 1:3, ensuring your potential profits outweigh potential losses. Use the indicatorโs insights into source order blocks and breaker blocks to add to positions and continue riding trends until the LSB.
Frequently Asked Questions (FAQs)
1. Can I watch independent testing of G-Cash IC Breaker?
Yes, you can visit forexroboteasy.com to watch independent testing of G-Cash IC Breaker. Stay updated on the results of the testing by subscribing to their website.
We encourage you to share your personal experience of using G-Cash IC Breaker. Feel free to provide feedback and insights on how this indicator has impacted your trading journey.
Conclusion
G-Cash IC Breaker is a game-changing indicator that empowers ICT traders and those using trend following strategies in the Forex market. By providing valuable insights into source order blocks and breaker order blocks, it enhances tradersโ decision-making process and improves their overall trading experience. With its user-friendly features and customizable options, G-Cash IC Breaker is a must-have tool for traders seeking to gain a competitive edge. Try it today and take your trading to the next level!
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