The following is a concise summary of the transcript:
The transcript is from a video that explains how to trade order blocks, which are areas of high demand or supply in the market. The video shows the results of backtesting 100 order blocks on the euro-dollar pair and reveals the factors that increase the success rate of order blocks, such as market structure, volatility, trend and confirmation. The video also demonstrates some common price action patterns and entry techniques for trading order blocks in different time frames. The video ends with a call to action to like and subscribe to the channel.
Here are some key facts extracted from the text:
1. Order blocks are the last candles that create inefficiency and lead to a break of structure or a change of character in the market.
2. The trading strategy for order blocks involves placing an order at the beginning of the order block zone, a stop loss at the end, and a target of two times the stop loss range.
3. The backtesting results for this strategy on euro dollar pair in the one hour time frame showed a 43% win rate and a 47% increase in the initial account size.
4. The factors that affect the success of order blocks are market structure, market volatility and spread, market trend and freshness, and confirmations in lower time frames.
5. The common patterns for confirmations are change of character, inefficiency and order block, and retracement levels.