Ictconcepts
Week of July 14 NQ/10Y/CL/GC/Real EstateLast week, we were reminded what selling looks like on indexes.
The Nasdaq and Bitcoin tend to lead the technical moves, and I believe we are headed for a 10% correction here soon on NDX. NDX led the market by making its top earlier than the rest - but everything is poised for a nice drop from here.
My contention is that this will be the final wash-out on indexes before the final big long swing into the secular top of the market - which will come before the November Elections.
Nasdaq finally gave us some selling that we can lean into last week. We got a h4 Market Structure Shift (MSS) and Friday gave us the perfect back-test of the h4 sell structure.
The first logical target for NQ is going to be the July Lows.
From there - I want to see a small bounce and then resume the proper down move to around 18.5k area.
The Draw on liquidity is that quarterly IRL that we need to visit. If we can crack the 19k mark on NQ, it will offer a 10% drop from ATH - which is the perfect amount to scare all the villagers, we will see bears on parade - right as its time to long the index for the final move to ~25k.
10yr Rates continued to fall this week - which is what is jucing the markets. That being said, I'm still looking for the 10yr to march down to ~3.8% before any kind of meaningful bounce. This is because the economy is starting to roll over, inflation is coming down - and the bond market knows it.
Oil was floppy last week, but I still am looking for that 85/86 level to sell. Oil has been a tough trade up here as the tape has been rather heavy. Oil wants to drop due to weakening global economic forces - but they keep pumping it up with Hurricane premium etc - I have no trade in oil until after we sweep the 85/86 area and can begin the proper big sell program.
Gold popped this week but I think it was just a pop into a h4 IRL that is a selling opportunity. I want to see Gold sweep those Equal Lows down around 2304, clean up some inefficiencies ~ 2230, then resume its uptrend.
Real Estate is about to start its larger secular downturn here - and we are already seeing it in places like Austin, Phoenix, and Florida.
What is wild about Real Estate is how insanely clean the charts are. If we start with the quarterly chart - it is a textbook example of a bubble chart
Having this HTF Bias, enables me to look for weekly swing trade setups, as I believe real estate is about to take a 50% or greater dump. I think the prices of MOST assets (homes/planes/boats/Rolex Watches) are headed back to 2013 levels.
Homes were bought en masse by wall street, and a lot of the firms are upside down on the properties as they sit empty. A combination of higher rates, and a flood of supply - all timed with an economic recession - is going to leave real estate as a smoking crater.
The weekly - we are entering an area up here which I believe will morph out to a great selling opportunity - as we make a weekly Turtle Soup sell entry.
So here is the setup I am watching for this week;
I want to see NQ drop back to a weekly IRL level and run the h4/weekly TS for potential long entries ~ 19.8k. We should get a small bounce down there, but the ultimate goal of this drawdown should be ~ 18.5k
I want to see oil take out the 85/86 level and then reverse hard - this will confirm the bond market deflationary stance as the global economy weakens.
I am still waiting for gold to sweep the 2304 equal lows for a long entry.
I want to see YM, Real Estate, and Small caps start moving lower. I think this is the start of a nice market-wide correction.
Until next week - We'll be watching.
GBPUSD: Potential Intraday Sell Opportunity!Greetings Traders,
Current Market Analysis:
At present, I am observing a potential intraday opportunity to sell off into the H1 bullish order block, which is residing in discount prices. I am already in a sell trade on GBPUSD, taken earlier.
Key Observations:
M15 Breaker Block: We have experienced a pullback into an M15 breaker block situated in premium prices. This zone presents a potential area to seek confirmations for selling opportunities, targeting the draw on liquidity, which is the H1 bullish order block.
M15 Bearish Order Block: There is also a possibility of price pushing further into premium prices, reaching the M15 bearish order block. This is another area where we can look for potential selling opportunities.
Trading Strategy:
Selling Opportunities: Focus on seeking confirmations to sell off around the M15 breaker block and the M15 bearish order block, targeting the H1 bullish order block residing in discount prices.
Target Levels:
H1 Bullish Order Block: The primary target is the H1 bullish order block, aligned with the current draw on liquidity. The aim is to see price fill the liquidity void.
Conclusion:
By understanding the current market structure and identifying key areas for potential selling opportunities, we can effectively execute intraday trades on GBPUSD. The pullback into the M15 breaker block and the possibility of reaching the M15 bearish order block provide strategic points for selling, guiding our approach towards capitalizing on intraday opportunities.
Happy Trading,
The_Architect
Trading EURUSD | Judas Swing Strategy 16/07/2024 - big win!Last week, we had awesome trading sessions using the Judas swing strategy. We entered 7 positions across 4 major currency pairs: EURUSD, GBPUSD, AUDUSD, and NZDUSD, and secured 5 Big wins! The results we've achieved with this strategy have heightened our anticipation for our trading sessions. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises:
- Setting the timezone to New York time
- Confirming we're on the 5-minute timeframe
- Marking the trading period from 00:00 - 08:30
- Identifying the high and low of the zone
In a few minutes the low of the zone was swept, which meant our focus would be on identifying potential buying opportunities for the trading session.
To increase the likelihood of success of our trades, we wait for a break of structure (BOS) towards the buy side. Once the BOS occurs, we anticipate price to retrace to the initial Fair Value Gap (FVG) created during the formation of the leg that broke the structure.
We patiently waited for price to retrace into the created Fair Value Gap (FVG), and executed our trade upon the closing of the first candle that entered the FVG, as all the conditions on our checklist for trade execution were satisfied. Please note that our stop loss is set at the low of the price leg that broke structure, and we implement a minimum stop loss of 10 pips.
The position underwent minimal drawdown, after 5 minutes we were already in profit. What remains is for us to exercise patience and allow the trade to unfold to our advantage.
We are aware that our strategy does not guarantee a 100% win rate but rather hovers around 50%, indicating that some losses were inevitable. To avoid becoming emotional over the position, we used only 1% of our trading account with the goal of achieving a 2% gain. Upon checking our position later, we observed that the position was a few pips away from hitting TP.
After 4 hours, our Take Profit was triggered, and our patience paid off as we hit our target on EURUSD, resulting in a 2% gain from a 1% risk on the trade.
EURUSD: Bullish Draw Toward Daily Buy Stops!Greetings Traders!
Current Market Analysis:
At the moment, EURUSD is exhibiting signs of a potentially bullish draw toward the daily buy stops.
Key Observations:
H1 Bullish Structure: The internal structure on the H1 timeframe has shifted to bullish, indicating a potential for further upward movement in EURUSD.
H1 Bullish Order Block: Currently, price is supported by the H1 bullish order block, which may serve as a springboard for further upside movement. This suggests that the market is drawing towards the daily buy stops, which is my primary target.
H1 Sell Stops: If price takes the sell stops, I will still be looking forward to taking a buying opportunity provided the market gives me a confirmation to do so.
Trading Strategy:
Focus on Bullish Order Flow: Given the evidence of bullish institutional order flow, the strategy is to look for entry opportunities around the H1 bullish order block.
Target Levels:
Draw on Liquidity: The target is the daily buy stops, as indicated by the current bullish order flow and market structure on the H1 timeframe.
Conclusion:
By understanding the current bullish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on EURUSD. The shift in H1 structure and the support from the H1 bullish order block point towards a bullish draw, guiding our strategy towards taking advantage of long opportunities in the market.
Happy Trading,
The_Architect
ICT Long setup GBPAUD👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
GBPAUD for session trade (a couple of hours)
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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GBPUSD: Anticipating Short-Term Bearish Reversal!Greetings Traders!
Current Market Analysis:
At the moment, GBPUSD has been primarily bullish coming into this week. However, recent price action indicates that we might anticipate some bearish institutional order flow to meet minor targets before potentially continuing the bullish trend.
Key Observations:
Market Structure Shift: We have seen a market structure shift, suggesting a potential reversal. This bearish sentiment was further confirmed when the price respected the Balanced Price Range, leaving the Fair Value Gap above it as a runaway gap. This indicates that the price has no immediate need to move further into premium prices.
Trading Strategy:
Entry Strategy: I am looking to see if the price retraces back into the H1 bearish order block. This will be my primary entry point. If the price does not retrace into the H1 bearish order block, I will seek other entry methods, provided the price gives me a confirmation to do so.
Target Levels: The main target is the Daily Bullish Fair Value Gap, which is my draw on liquidity.
Conclusion:
By understanding the current bearish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on GBPUSD. The observed market structure shift and the respect for the Balanced Price Range support a bearish outlook in the short term, guiding our strategy towards taking advantage of short opportunities while keeping an eye on the potential continuation of the bullish trend.
Happy Trading,
The_Architect