My thoughts on the dollar index 4H 22-02-23Hello. I'm back so let's get back to the charts. Had taken a little break. With some old highs, comes a liquidity sweep which is what I see happening on DXY. The sweep might also fill a vacuum in price to the indicated OB thus allowing the market makers to inject a volume of bearish orders to further sweep out stalling liquidity below old lows.
Ictorderblock
$GBPJPY - Liquidity/hard resistance above - CoT Suggests Short*SMART MONEY CONCEPTS* (SEE ATTACHED RELATED IDEAS)
I have a 15 min chart that I looked at and fiund Smart Money concepts throughout that would suggest a short as long as the price is moving bulish at midnight NY Time... Even then my daily outlook maybe off. But I don't believe my weekly outlook will be off. There's too much to sugggest a short. Such as the Fair value gap below, the Liquidity point below, and the Commitment of traders that says they added more shirts but haven't seen much of a return. So here's the 15 in that I think may happen with more in deth markups than the larger time frame
And of course above is the larger time Frame. in which I think the pound may be going down as we saw their economic numbers in the red today, we just may not feel it until tomorrow.
We'll see what happens.
E-Book Gift + TRADABLE VS NON-TRADABLE ORDER BLOCKSABBREVIATIONS & DEFINATIONS
ORDER BLOCK
OB is a Down/Up Candle at/near Support or Resistance before the move Up/Down, respectively.
Down Candle is a Bearish Candle
Up Candle is a Bullish Candle
Bullish Order Block is Down candle at/near Support level, before the move up
Bearish Order Block is Up Candle at/near the Resistance level, before the move down
IMBALANCE
This is Insufficient Trading in the market. Sometimes called Liquidity Void .
When there is insufficient trading in the market, the price often comes back to fill out the orders
that were left.
Imbalance is created by 2-3 or more Extended Range Candles
ERC candle often closes at 80% of the candle range
Assumptions;
When the Market Maker want to move price up at a certain level, it is assumed that, there should
be enough sell orders to pair their buy orders with (this is how they make profit).
So, when the MM moves away from a given level with strength and magnitude, leaving behind a LV
(IMB), we can use this to assume that sell orders that were available at that level were not enough to pair
with their Buy Orders.
Therefore, the MM will, often, come back at this level for mitigation
MITIGATION
Mitigation means; to reduce risk.
When the MM moves price away from a level with strength and magnitude, say they are buying; it is
assumed that this is used to entice retail traders to join the move.
And because most retail traders are price chasers, they join the ride with their Stop Loses set. This is
the reason (assumed) that the MM will come back to clear retail traders SL. When their (Retail Traders)
SL are hit, they are knocked out of the move, hence MM mitigating their risk (THEY WILL RESUME
THE INITIAL TREND HENCE MOVING ALONE).
you can download that E-book from below URL
NZD/USD Still is look like to Going short ICT Trading Strategy waxay tagaysaa halka aan ku caalmadeyey line bartaa marakay tagto waa la soo daadin doonaa. sababta aan trade ku qaadanay ayaa ah in ay institutional trade ay sell ka soo galeen bartaa supply ah, waxaa dhaca choch, waxaan rajaynaynaa in price uu halakaa uu joogo laga celiyo oo la geeyo bartaa supply ah, gali mayno trade ilaa u samaynayo liquedty marka liquedity laga saaro meeshe ayaanu galaynaa trade ilaa uu ka imanayo demand zoon ka hoose
DAX LONG (PAPER PRACTISE)Post FOMC news was good for markets. Used an ORB strategy this morning on the 5 min candle at 8:05, my daily bias was bullish and I wanted to see the BSL taken out in order to break out of the range that DAX has been trading in for the past week or so. I believed that when the BSL was sweeped, we would look for new highs triggered from FEB22 BSL. I got got stopped out abit early and missed more points, however I kept moving my stop loss to an appropriate position so that I would not of missed out on points (1:2 then all the way to R:R 1105). I believe my SL was abit too tight as it rallied abit after but overall well executed. Kept my risk to a minimum, however I should of added to this trade at each BSL it took out.
Take profit 3.6% x 2 and one at 5.3%.From Sunday candle price start to fall down and at that point my bias was short. Today I waited for price to go above opening candle and start to go down to swing low on higher time frame.
I took partial at 3.6% profit and rest I left to target my original TP. Moved my SL so in anyway I would end up with porfit.
Hope this help.
P2P | Backtesting - EURO/USDWelcome ladies and gents to another backtesting segment! In this clip I wanted to show more of the knowledge I've been learning through ICT and how effective its been.
Here in this video I'm (doing my best) to go over trades, time of day, price action, and why I did or didn't take the trade.
(Note: these are just backtest trade concepts, I did not actually take the trades)
I'm usually looking to scalp the markets because I tend to be somewhat impatient but after I started getting more followers asking about certain pairs (that I didn't trade) I felt it was necessary to develop more of my weakness toward swing trading.
I don't necessarily have a weakness in trading, it's more of what I'm comfortable trading.
So here's a bit of insight to what I was seeing and some of the knowledge I picked up from a few ICT videos.
As always gang, happy trading, trade well, and lets run it up from 2023 til infinity!
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DISCLAIMER
***This page is for educational purposes only and is not intended for any financial arise. I am not a financial advisor nor do I manage any other accounts for users. Any trades you take will be of your own doing and P2P will not be held responsible.***
GBPUSD Possible seeing a Bearish push lower
As you can clearly see from the chart:
-Price reacted to the weekly Swing High and created a change of Character ( ChoCh), Which left an Orderblock (OB).
- Price came back to mitigate the OB after sweeping the trendline liquidity ( $$$)
-We would probably see price dropping lower to fill in the fair value gab( FVG).
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USOIL BUY SETUPI'm looking at a possible rally from this point of interest, which involves a fair value gap (FVG) on the 5m chart in the discount half of the range rally out of a 5 minute Orderblock (OB). I don't expect much from it considering the time of day and it being the last few days of the holidays. But it is worth noting.