SPX top down short 9/29/22So far we've rejected the weekly high and pushed down into the LTF points of interest. Going into the premarket and NY session I'll be looking for signs of rejection to return to the upside or a continuation of the overall trend.
Mostly favoring a neutral to bearish point of view on this but I don't mind reacting on movement to the upside for a buy if the level 2 data confirms it
Fvg
Top Down 9/28/22So today I won’t be trading, I have physical therapy, but this is my 4H chart and this is what I’m looking for. I’m looking to see if we are going to trade above the daily into the FVG (Lemme see if you can spot it). If we do, I’ll look to try to take a sell from that area or at least look to get a response in that area. I won’t actively be able to reach out regarding any trade that is activated, so I hope that you guys take a vantage of the chart. I did post a video but it looks like it hasn’t loaded yet and I’m already away from home.
4H SPX
SPX Top Down Analysis 9/27/22We are trading within a range near the most recent low on the daily after a big move to the downside. Definitely still overall bearish but we are trading into HTF points of interest to the downside, basically buy to sell setup's in the making. Missed the trade yesterday off of the range high but that's okay. Lots of news today so I won't be so quick to pull the trigger and just be more reactive today.
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Fed Chair Powell Speaks
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Core Durable Goods Orders m/m
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S&P/CS Composite-20 HPI y/y
17.1% 18.6%
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MPC Member Pill Speaks
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CB Consumer Confidence
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Boring Monday into FOMC Week9/19/22 It was a slow moving day after a pretty nasty gap down over the weekend and coming into a FOMC week. I hope your bias was bullish because there was legit no bearish momentum unless you swung puts over the weekend. Besides that you probably got crushed being bearish today unless you were just being a scalp master. the entries were difficult to spot today but they were there as long as your bias was correct.
CPI Data release TradeFirst video ever. Once again not financial advice, this is simply to monitor and journal by trade ideas.
This trade was on the ES S&P 500 E-mini Futures. Shorted some contracts off the lunch hour consolidation into the new daily lows. Pretty simple and easy price action to trade today so long as your bias was bearish.
#ict #thestrat #spy #spx #options #futures
ICT EURUSD Studying tape 0000 - 0900 A look at how price arranges itself between the NY 0000 "Algo reset" time and 0900 the "NY OPEN" - ICT concepts state that the NY MD Candle is when the Algo resets, We know that 0900 Is the majority of volume for NY being the open gate.
Price is HTFB uptrending.
We Leave imbalances behind, OBs, Breaks of structure and FVGs give us clues as to what imbalances are important and relevant.
But when you see this its different.....
Watch in this video how price moves between its reset area THAT CREATES FVGs, And the NY open, Its like casting out a YOYO at 0000 NY, and just watching gravity bring it back while checking your watch.
The important of TIME AND PRICE has never been clearer to me, Im thankful for all I continue to see in this never ending puzzle.
(This is my first time discovering this / making it relevant on a tape read, so if i sound like im learning more than im sharing, forgive me and you know why)
Let me know what you think. . .
ICT Short EURUSD OTE Entry (just mute, I cannot disable laptop mic)
Another example of an NY trade today, Shorted the higher time frame bias, Have marked the chart up to show my logic, When you determine what you are looking for to fit criteria pre market and pre trade IE ( A rules based system) its much easier to sit back and wait for the boxes to tick themselves, I dont force trades and I don't make the market give me something, I just ride the wave.
This is another FTMO DEMO ACCOUNT pass for me while still testing this Strat, in just this trade. The market is making these moves everyday, Deciphering the chart and looking for evidence is all I do, It doesn't need to be more complicated, I truly believe that, I know my chart looks dirt but I've written all over it for this video and I'm also colour blind so trust me, In my eyes its beautiful (lol) -
Side note, If your studying ICT or OTE etc etc hit my inbox to join a discord with me, I'm not selling anything I'm not looking for anything other than to exchange ideas with like minded people as trading is a lonely game, What ever stage of your journey you are at. Hit me up lets start a conversation, Especially if your a London / NY session trader..
Trade Idea for Feb 8 - AUDUSD & GBPCADAussie dollar has tap into H1 and has rejected aggressively and also creating another FVG which can be used as an entry going short. GBPCAD has rejected from a FVG and I'm looking to take an OTE going longs on the pair after yesterday's trendline liquidity was cleared.
CHFJPY - Multitimeframe AnalysisCJ is looking good for shorts. We have multiple confluences for it as explained in the video.
Summary:
Monthly Timeframe:
- Price has just run up higher filled in a Fair Value Gap perfectly. It seems to be reversing from here.
Weekly Timeframe:
- We have an unmitigated Orderblock. Since this orderblock was a "Sell to Buy", means that the selling positions from Smart Money are currently in extreme minus positions, and they will want to reprice lower to mitigate out of their minus positions.
Daily Timeframe:
- We are creating SMT Divergence with its correlated pair - EURJPY. This means that CHFJPY went higher to run out the buy stops and made higher highs, will EJ is creating lower highs. CJ will most likely distribute to then run lower.
- Price has just reacted off a Daily Bearish Breaker Block, which should push price lower.
- Huge Imbalance FVG Gap. Price will come back to fill it as fast as possible.
- Massive Consolidation. Below these consolidations, there are lots of sell stops that will get taken out.
H2 Timeframe:
- Potential Sell POI. Valid Orderblock + Breaker that also caused the last low to get broken to the downside (Break in Market Structure - BMS).
- We have a Bearish Trendline that has three beautiful touches. Everyone that already is in Shorts from the trendline will get liquidated at the next mitigation of the Trendline up into the OB + Breaker and sell off further from there.
Top Down Analysis Of US30(Down Jones) Buy to Sell Pt2/3We are in a bearish MS overall on the higher time frames. And market just broke Market Bullish Market Structure so we can expect an retracement to the recent high. Before price continue selling. So I spotted Accumulation Schematic 1 on the 3 min Timeframe for possible entry.
Top Down Analysis Of US30(Down Jones) Buy to SellWe are in a bearish MS overall on the higher time frames. And market just broke Market Bullish Market Structure so we can expect an retracement to the recent high. Before price continue selling. To either the Weekly or Daily OB/Demand zones or FVG. With Elections coming up it will be interesting to see how it plays out. Really haven't looked at any Wyckoff Schematics yet for it.
EURGBP TRADE IDEA PLAYED OUT WELLSince I sent out the trade idea for EURGBP I should of been more clear into saying that we should of used it as a reference and not a trade. So again if EURGBP is bearish the GBPs should be going the other way and I went over what I did with GBPJPY, GBPCHF, and GBPUSD this london session and how I capitalized on them. Hope this helps and happy trading.