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ICT OTE EUR USD - BACKTESTING when you are back testing, Make sure you are actually seeing what you are doing, its so important to look for things that you aren't necessarily trying to see, For example, I spend way more time studying my losses during a back test so that I can try to identify something that may have saved me from pulling the trigger. but in this instance, Something I have never really spotted before with the OTE set up, Look at that correlation between price movement and divergence on the volume. Volume tells the story here, Price pushing hard to our level, Then volume strikes out, Unfortunately I cannot provide a lower time frame image, But feel free to look at NY session 10 NOV 21 and see it yourself.
Short
by hunterprotocolFX
11
$GBPUSD: Upside to 1.3875...The Pound has triggered a bottom signal, in both the daily and weekly timeframe, right after seeing the 1st rate hike across developed nations since the Pandemic started. Weekly charts point to a rally towards 1.3875 within the next 11 weeks, and the daily chart has a buy signal right here. I'm long with a stop below 1.31625, aiming to capture the weekly move here, if possible. Don't risk over 1% in the position, I'd say. Calculate the sizing carefully. Risk management is key to stay in the game until we strike gold with a good trade. Cheers, Ivan Labrie.
Long
by IvanLabrie
$GBPUSD - Repeat of yesterday - Seek and Destroy Model *SMT**SMT = Smart Money Theory aka Institutional Trading = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas. I keep seeing Ideas to buy GBPUSD and I keep wondering why? It's giobing us no indication it want's go higher. And powell to speak again tomorrow at 10 EST, same As today. I have measured out the standard deviations of the Asian range. 2 standard deviations above is the most recent high. Overnight, we should see the price lower then raise back up. Becasue if you look at thje DXY it is going to be going undewrneath the consequential encroachment of a break possibly touching the bottom of the boxed area then rising as soon as that happens it may take a while for it to get there which is why I am anticipating GBPUSD to fo the opposite slowly swoop down into an hourly fair value gap the raise the prices to the median bearish order block up if it wants to stay below the high. But I have a feeling it will take out the liquidity resting at the highs in the form of buy stops and pull back down very quickly taking out the stop losses. After that it would be heading toward the liquidity resting under the areas marked below the 4th standard deviation of the Asian Range. Here's what I think will happen with the DXY. Raise Above the current equal highs then pull back to the Bullish Breaker. It should be at that time powell is about to speak and we'll see anothjer sharo rise in prices in the dollar. Why? Because everyone is thinking the opposite. Andf if you're thinking the opposite, Smart money is thinking opposite of you. So that's why I think the GBPUSD will do something simlar but opposite, of course. Any my mentor said to try and idea, I'm not putting money on it as my mentoring has been great and I've learned more in Smart Money theory unlike retail where all I did was set my money on fire beliving the herd mentality. Instead I've learned to use many tools such as the asian range, weekly profiles, liquidity areas to form my ideas. It is the first of the month. So there is a definite possibility that the monthly candle could be the opposite. But it will go agains this "Trendline support theory" that I see from many people. Trendlines aren't support. But they do tell you where the liquidity is lying because so many people will trade off a trend line. Smart Money likes to go against those that would trade long off a trend line and force the price short. So I'm sticking with this idea. Anyway, good luck and good trading :) The only thing I think that would be slightly different is that it reachea
Short
by BodiesXWix
8
GBPUSD ShortMy analysis for the next 48/72 hours. A break below and retest of 1.33000 will indicate a continuation to the downside, and so, I will be looking at short trades from here down to 1.32000. Second plan will be to look at the exhaustion phase (retracement) of the push phase of the market to complete. Therefore looking at price to break above 1.33600 and retest 50% retracement level and/or 61% @ 1.34000/34200 before looking at price action, patterns and processes to take the trend down to 1.32000. Any price action above the 78% retracement level and specially 1.35000 my bias will change to a bull trend bias where I will be looking at trades to go long. DYOR before placing any trades. Analysis are for educational purposes only.
Short
by mrchoudhury
2
ICT OTE example breakdown, Looking at the chart as evidence. here we go again another ICT OTE in the NY session. I know the charts a bit messy so lets simplify. 1. Order block is in higher TF structure GREEN BOX 2. we are working against a HTF trend (pushing up when the Daily and 4 hour bias is down) 3. We are at extensions of the Sunday range, (price is looking for that sell high discount) 4. price shows us it has the backing to extend back to mitigate the order 5. price hits the order, DISCOUNT, HTF BIAS IN FAVOUR 79 percent entry (some people use this as a more reserved entry, Even the 62 is still not stopped out, could have entered again at 79 better price depending on Risk management and your flavour. 6. short break of structure to upside again, Trend line broken and stops hunted. 7. 3-1 easy.....5-1 if you held it. Simplify, Things are easier to see when you simplify.... money doesn't care about your fancy indicators or rituals or mathematical calculations, The trade is an investigation, The chart IS THE EVIDENCE LEFT IN THE CRIME SCENE.. ill keep dropping them in, so that people can see examples, Drop a like and let me know they are helping. designate target, Aim ... fire.
by hunterprotocolFX
2
Education - ICT OTE NY SESSIONHi all, Just wanted to give another example, This one is one of the first that popped up while I sat down to back test today. one of the reasons why this is such a strong example of how perfectly the OTE plays out is, the Sunday range is tested perfectly. The Sunday range is set at the beginning of market open, Sundays open price is created, We move into Monday and price goes 1. AGAINST THE HTF TREND 2. into a DISCOUNTED SELL 3. INTO A LTF OB 4. INTO AN OTE OF A RECENT IMPUSE. the excursion of this trade is well into the 10 RR as seen on charts, I personally only test to 3/1 and that ran perfectly back into the Sunday range, Which is EXACTLY what we expect. it can be this easy, it can be this obvious. GO WATCH ICT YOUTUBE!
by hunterprotocolFX