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Internal and External Range Liquidity 3 Pages

The document discusses external and internal range liquidity. External and internal liquidity depends on the type of trader and their dealing range based on the timeframe. For day traders and scalpers, external liquidity may be the previous day's high and low, while intraday highs and lows provide internal liquidity on shorter timeframes like 5 minutes and 15 minutes. An example is provided of using the previous day's high and low as external liquidity to define the dealing range, with highs and lows within providing internal liquidity. For swing and position traders, daily, weekly, and monthly charts are used to identify external and internal liquidity. The next topic will cover drawing on liquidity.

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roviko1611
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10K views3 pages

Internal and External Range Liquidity 3 Pages

The document discusses external and internal range liquidity. External and internal liquidity depends on the type of trader and their dealing range based on the timeframe. For day traders and scalpers, external liquidity may be the previous day's high and low, while intraday highs and lows provide internal liquidity on shorter timeframes like 5 minutes and 15 minutes. An example is provided of using the previous day's high and low as external liquidity to define the dealing range, with highs and lows within providing internal liquidity. For swing and position traders, daily, weekly, and monthly charts are used to identify external and internal liquidity. The next topic will cover drawing on liquidity.

Uploaded by

roviko1611
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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VOL NO.

01

LIQUIDITY

EXTERNAL AND INTERNAL RANGE


LIQUIDITY

In this volume, we will discuss about the internal and internal range liquidity.
( P.S: If you can't see what's writen on the pictures, you can zoom in by
holding CTRL+ mouse scroll )
External and Internal Range liquidity will depend
on what type of trader you are/want to be because each
type of trader's dealing range (we will cover that later)
will be different based on the timeframe that you are
looking at.

For example, as a daytrader/scalper, my external


range liquidity is usually the PDH/PDL (Previous Day
High/Low), intraday HIgh/Low or the Asian High/Low.
The timeframes that I'm looking at are usually
m5/m15/h1 to find my External and Internal liquidity.

2
Here is an example of PDH/PDL (Previous Day
High/Low) being used as External liquidity which
would be the dealing range. Once External liquidity is
taken out, you enter a new dealing range. All of the
High/Low in-between External liquidity are
Internal liquidity.

If you are/want to be a Swing/Position trader,


you will be using Daily/Weekly/Monthly charts to find
your External and Internal liquidity.
This will be useful to find the next draw on liquidity
which will be the next subject we will be talking
about.

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