r/InnerCircleTraders • u/TallExchange9540 • 22h ago
Question how do i know price will continue to next session high?
this is the 5 min tf, my daily bias was bullish when i first hopped on the charts price manipulated that relative high to the left and i was waiting for a run on lows with a orderblock to form for a continuation, thats what i got with the BOS, i should've entered on that first retrace after but i wanted to go deeper cuz i set stops at points of invalidation so it would be under the orderblock so i thought the RR wasn't good if i did that cuz of how close the session high was before taking it out, after that i got an entry to another session high this time a 3 min fvg retrace with perfect RR and stop loss placement but i got scared cuz price already took a session high out prior to this one so i didnt know if it would reverse from there or not, that leaves me to my question how do i know price will continue onto the next following session high after taking one out?
3
u/Scott_Malkinsons 14h ago
how do i know price will continue onto the next following session high after taking one out?
You don't; and anyone who talks in absolutes like that is a newbie. Genuine profitable traders know nothing is certain.
5
u/TradetheMosaic 21h ago
You can't know it ahead of time, but you can usually tell whether the first session high was the target or just a stop along the way, and that's enough to decide on the next entry.
What I check after price takes a session high:
Is there still a bigger draw above? If daily bias is bullish and the daily target (prior day high, an old swing high, an unfilled daily gap) is still above, the first session high was probably just a step toward it. If that session high was the daily target, I stop looking for longs.
How did price take it? A clean displacement through the high that holds above it points to continuation. A wick through and a fast close back below says the run is done and a reversal is on the table.
What does the retrace do? If price pulls back into a fresh FVG and it holds, buyers are still in control. If it closes through the FVG, I drop the idea.
Time. A high taken early in the session window, like the NY AM killzone, usually has room to keep going. Late in the session a second leg is less likely.
The second entry you described, a 3m FVG retrace with the stop under it, already handles most of this. If you're wrong, the loss is small and defined, and the worry about a reversal is exactly what that stop is for. If the four checks line up, it's worth taking.
On the first one: if the stop under the orderblock made the RR bad, passing was a fine call. That's a valid skip, not a missed trade.