EURUSD ICT OTE Entry, Short sells with logical approaches HTFthe chart basically says it all, Not much for me to expand on here, I believe / hope I am at the point in my trading and studies on this system where I can safely simplify.
I hope this marks progress for me in as much as, I can now explain the theory (I believe) ICT is teaching, Loosely of course as OTE was my first venture and now I am expanding my knowledge with the new material.
To put it simply
I want to see several things happening that line up and present me with a Low risk, High reward entry.
IF the HTF Bias is in the direction of the trade
and THEN
The market moves against the higher move
And
1. Sweeps liquidity taking highs or lows
2. Hits an optimal trade retracement of a recent impulse leg (A relevant leg)
3. (this isnt a must but its a bonus) Hits a big figure or mid figure clean number
4. Shows signs of reversal, Displacement, breaks of inside structure, Reversal stages or counter trend exhaustion.
THEN:
I am presented a low risk opportunity within the confinements of time, This is usually within the LON NY session.
With a logical target that I can justify an expectaton of price movement to.
THEN I can trade. . . .
If you just back test that, you will not only discover positive results, You will start reading the tape and plotting the story while looking at the chart as evidence, This is a superior understanding.
This is what I search for, understanding, Knowledge, accuracy in prediction.
That's much more that a profitable trade.
Fvg
ES | Price Action 6/1/2022At 9:30 AM EST open ES made a big move straight up that took out the Asian Session high. Then it came straight back down.
The big move plus taking out majority liquidity gave me confidence this was a Judas Swing and that price would go the other way.
I zoomed in to start looking for Fair Value Gaps and after finding one placed my Limit sell orders in the middle of the gap.
After ES filled the FVG it made a big move down.
Zoomed in view of FVG after Judas Swing
Where was pricing ultimately heading? It was going lower to fill the daily FVG.
Once it was filled ES had a Market Structure Shift + displacement + FVG and was then seeking to go from a discount to a premium area.
BTC The Bigger Picture...here is my bigger picture look on BTC, I think we are perfectly capable of coming lower to fill out the FVG/Imbalances on the weekly chart or at least attempt to target them. I think the small pump was a fakeout to get buyers to jump in and then they will go and sweep last weeks low and fill out the imbalances.
FVGs are present on the daily as well for confluence.
The incoming buy volume is very low on the weekly and daily. This isn't giving me much confidence in a reversal.
Keep a mental note with you that we may come to attack the 20k support. There is Imbalance and a bullish OB there, so it is a strong case for a target area.
If we continue to drop lower I will take this Opportunity to start stacking more fundamentally strong projects in particular more XRP, XLM and ALGO for my long term holds. DCA into positions is the most effective and safe way to accumulate and get your ideal entry.
RSI hitting support, though bear markets historically have seen the weekly RSI drop below 30 for multiple weeks. So expect alts could lose another 20-50% in value if that happens.
Fair Value Gab/Order Block/Break of Structure | Beginner' Guide Hello Traders! i thought I would give a short review of recent Gold move and how you could spot like this price moves next time. You can also see how time and price theory work.. with NY session being the most volatile or where real price moves could start..
The charg explains everything.. take a look at it and then look at your chart and try highlighting same and similar moves in YOUR OWN chart..
Let me know what you think in the comments 🙂
Please like if you found this helpful to you 😸
Thanks all :)
GBPJPY: The Head & Shoulders TrapDon't be fooled by this pretty head and shoulders pattern because it is most likely a trap to lure sellers into the market before price bounces from a demand planted below it.
Once the fair value gaps have been filled, the price is likely to utilise the demand to travel to the remaining imbalance at the top of the move.
Do you think this is likely? 🚀
GBPUSD: Pick Your Side 🚨Price continues to travel within a tight range.
The market makers have done a great job of setting up liquidity to be hunted during the US CPI data at 13:30 PM (GMT+1) today.
Both the supply and demand zones we have been working with over the last few days have become weaker and weaker.
The question is what side will go first?
We will need to study the London session to get a clear picture of where price is likely to travel during the news event - React don't predict.
What do you guys think? Let me know in the comment section below. 💬
USDCAD - Bearish OrderflowThis is the USDCAD Monthly Chart.
USDCAD is testing a strong Bearish Breaker (the last down candle before an up-move for a raid on Buy-Side Liquidity).
While testing the Breaker, we are currently creating a Swing-High. It was forming Higher Highs, made a reversal point, and now making Lower Highs instead. This tells us that momentum was initially Bullish, but now that we are creating Lower Highs on the other side of the curve - we should see price mirror itself (aka do the exact same thing on the other side of the curve - meaning that momentum is shifting and it should go Lower).
There are relative Equal Lows residing below current price which I expect price to sweep through. A FVG is also resting right below these Equal Lows, so could expect the Lows to get swept down into the FVG.
Because USDCAD is testing such a strong Breaker, I expect an explosive move lower.
With this, I will be framing a huge Bearish Bias for USDCAD, for Lower-Timeframes trades. Knowing what the Higher Timeframes are doing is crucial to trading Lower Timeframes with highly probable setups...
USD Index DXY - Potential MMBM Monthly Timeframe: (check the linked image)
- The market traded aggressively away from a Bullish Orderblock.
- Last Month, DXY created a Bullish 3- Bar Fractal (swing low) which lead to an explosively bullish move. We can easily see the next monthly candle being bullish as well.
- We have now disrespected a very strong Bearish PD Array: A Bearish Breaker. It showed no willingness of respecting it, which means that buyers are in control.
- 3 months ago, we traded through a bearish candle. This bearish candle works as its own structural Orderblock, and we shouldn't see price drop below this level (like the two green boxes below). If it does- we might see a reversal lower.
Daily Timeframe:
- We have a potential ICT Market Maker Buy Model playing out.
- We are in a massive uptrend, and we can easily see a continuation of it.
- We are getting closer to the Weekly FVG's High.
- At 101.000 (institutional number), we have very clean Equal Highs. Price can easily draw up to this level, as a massive liquidity pool resides here. Expecting a manipulation through this level, potentially up to the Volume Imbalance.
- At 101.640, we also have a daily Volume Imbalance Vaccum Block. This is a huge gap in price which likes to get traded to, and filled. Sometimes you'll see a reversal at this level as well.
Caution:
- This is just my view on the USD. Price may not play out as expected. This can especially be due to the current war situation in Ukraine. Price can create Black Swan events and massive volatility that can ruin the setup on a Daily TF.
- From 97.720 to 98.000 we have a volume imbalance below current price. DXY can easily retrace lower to fill this level. If this happens- it can respect this volume imbalance and go higher from there, or create a lower retracement.
The pullback hasn't ended, keep an eye on this!Firstly, I want to say I'm sorry because I didn't announce I was going to take a break from posting this week. But I'm back. Bitcoin broke the $46.2k nPoC (check previous Weekly Review post) right after I published my thoughts, and ww rallied until $48k. After that, we started to see a pullback to around $44k, which got bought up.
The main thing I see on this week's price action is that price failed to set a higher high, and, to be even more bearish, it flipped the support level at $47k (0.618 fib, weekly PoC and anchored VWAP) to resistance. But this is not enough. We also see that, on the volume profile, that most of the volume traded is at the top, meaning that a consolidation is what whales are looking for.
My targets stay the same (again, check the last Weekly Review): mainly the FVG sitting at $43k. I do expect some crabbing around these prices at the start of the week, to be honest. Lastly, I want to thank you again for reading my posts. Have a good trading!
Hypos SPX 4-4-22Hypos on SPX:
1. Primarily looking to see if price pushes into the D-FVG to fill the imbalance and continue to push down. As it stands there hasn't been much movement and price is hanging just below the FVG(L) by about 10 points. Also we've traded in a about a 25 point range and that's about it all night with the opening sitting at about 50%.
2. Second hypo, we drop down into the daily wick and hold to buy in that wick range around 4525.05. If this happens then I could see us rejecting here to move up further into the FVG or continue to higher to take out the last high.
THE ICT BREAKER!hello, so you want a model that will get you profits? LOOK NO FURTHER!!!!
this is the ICT BREAKER, this mode (and other confluences) is ALL, YOU, NEED.
if you confluence the BREAKER with...
- BMS
- OTE
- PREM /DISC RANGE
- INTERNAL LIQUIDITY
WHAT. MORE. COULD. YOU. WANT.
what is labelled, as the purple box, THAT IS YOUR BREAKER BLOCK, YOU TRADE IN HERE WITH THE RIGHT FRAMEWORK AND CONFLUENCES.
ICT IMBALANCE / FVG / LIQUIDITY VOIDLiquidity void, Fair Value Gap, Imbalance... These terms are interchangeable.
As a Charter Member ill tell you what I've shown here, is a basic depiction, as I got asked a question on what is an imbalance?
An imbalance, is an imbalance in price, where price has NOT efficiently delivered orders in the market, price will like to revisit these areas, of imbalance, as seen here. The diagram on the left depicts the ideal model of what an imbalance is, the chart on the right is an in time example.
if you notice one of these getting filled, at a place where you are bearish/bullish... well.... there is your trade!
Crypto has had the most bullish breakout this yearBitcoin. Crypto bull market. I think I've said these words pretty much lately, especially since many different approaches (especially on-chain, where I've shown my most biased analysis) have been making confluence on the same bullish direction. And the time has come. We have finally broken the structure by going closing the daily, as well as the weekly, above $46k.
What did we break exactly?
Let's talk a bit more about the chart itself. We broke out from the all-time high anchored VWAP and the resistance that we formed at $45-46k (which also was a fair value gap - or FVG). My opinion on the mid term implies a continuation of the current trend until around $49-50k (basically trap every retail trader), and then retest the level we just went above. After this correction, we should have the enough space to set a higher high (at around $57k, where the FVG makes confluence with the 0.618 Fibonacci retracement).
So, is a bull market like late 2020 - early 2021 coming?
However, I'm still not convinced about a new all-time high. I think that Bitcoin is maturing: in previous cycles (2018 and 2014) we retraced about 80%. Not even comparable to the retrace we've had since the current record price: only around 50%.
And why am I saying this? Exactly for that reason. We might start a long consolidation period, make sure we don't go below the last summer lows, $28k. On the other side, this bear market (I don't even know if I should call it a bear market) could extend until $20k, but, with the same arguments I can say that this is really unlikely.
Even if we reach those prices, we'd have a generational opportunity to buy.
Lastly, what I'm doing right now is take some profits from the longs that I've opened previously. I'll wait for that $49-50k target to open some shorts (short term), and just ride the move on spot. I really hope that you liked the post, as it took me a while to write it. Have a good week!