Ictorderblock
AUDJPY Recap - Why I short in the face of an UptrendWas anticipating a run on sell stops at current weekly low based on the weekly close above the last down bar's 50% (So often a retrace occurs).
Price DID come to my alert to take some profit, of which I was asleep. Closed trade before full stop out and went long.
AUDJPY - Let's see if we can RUN the sell stops...Current weekly bar is an inside bar and being ity appears buy stops have been neutralized there just might be a run for sell stops. Being that the daily is showing no close above a certain threshold, perhaps I have read it right. Half a % on the table.
USDJPY - Buy IdeaWe're currently in a discount market where we would like to see the market move away from.
We have Sign of Strength when it took out previous highs, now coming down for a retracement.
We have a Liquidity Void (Imbalance) for the market to move Up to fill.
We have a Strong Orderblock that also took out previous lows, and the Orderblock has not yet been mitigated, making it even stronger.
My Entry is at Equilibrium of the Orderblock.
(Be cautious as we are in Summer Doldrums where markets may move very unpredictably, this trade may fail but it's a valid setup).
ICT OTE - QUICK 3/1 IN NY on EUR USD today
Quick example of the OTE playing out with great confluence, Nice opportunity to snipe some pips from the market today and have risk on and off within 1 hour.
ICT concepts and OTE play out in the markets often and with great accuracy and results.
this trade had:
HTF in favour
POC sessions in favour
OB areas to be mitigated
Expectations based on extensive back testing
Volume, Time, Price = ( Volume is the by product of correct time and price )
Ramblings of a Chart reader - Liquidity and Trade ModelsAs mentioned in the video, it is important to have a quick look at the weekly chart as it often gives clues on the potential direction for the up and coming week. At least this is how I see it. I discuss the concept of compression and how it offers some nice clues as well.
Credit to influences: ICT and RTM.
EURNZD BUY LONG / SMART MONEYEURNZD 2 hours
Searching for two possible buy setups, the first of which is a sweep of Asian lows. If not, I'll wait for a key retracement at a target zone. I'm hoping it will respect the macro structure it's created; if it does, we'll be fine. If the slower market structural momentum begins to decline, I expect a continuation rally to the downside.
Nasdaq100/NAS100/US100i'm seeing a swing trade on Nasdaq long term buy from current price 15400, My target is 15700, but price can come back and retest our daily orderblock or 50% of the daily ob at 15330
EURUSD Daily Bias on Smart Money Approach (ICT)Due to the previous two days OB that failed to created Significant SWL. This will most likely to break, if there's enough momentum from the market.
Because EURUSD had a strong new Weekly Low that takedown the PWL. So I assume that it's most likely to be bullish to take down nearest liquidity, then continuing to bear because at weekly basis, we're still distributing at a SWH.
Market failed to create a significant swing low. I expect today's market will make a shift to bullish conditions and targeting liquidity above.
But it wiser to see where the London Manipulation will go.
If in the London time is most likely to break the previous day low try to search Optimal Trade Entry in the smaller time frame for bullish condition targeting nearest valid OB.
If in the London time is most likely to break the previous day high try to search Optimal Trade Entry in the smaller time frame for bearish condition targeting Previous Day Low
US30 POSSIBLE "SELL/SHORT" AND/OR "BUY/LONG" PLEASE READ!!!!Alright folks, just bare with me on this analysis as I think we are at such a pivotal point in the current state of our markets and economy. So lets begin, this idea at the moment will be posted as neutral.
From a Technicals standpoint, I am a trader that follows some ICT methods, along with Wyckoff and others work and combined it into my own Strategy. I play price as almost as if it is hunting for a play.
So on the Higher time frames I'm Recognizing:
SELLING SCENARIO:
FOLLOW BIG RED ARROW FOR SELLER SCENARIO
- An ICT SELL Model
- Price Broke Structure and is Retesting a Bearish Order blocl
- Reversal Candle on the weekly
- Every time Price Breaks a Higher high it is followed by severe distribution (A sign institutions are selling)
- We are also at the equilibrium of our last weeks range
IF PRICE SELLS/ Rejects on the 1-4hr TIME FRAME AT OUR BEARISH ORDER BLOCK:
- I will be looking to short to the imbalance between 34485 and 34285
BUYER SCENARIO:
FOLLOW BIG GREEN ARROW FOR BUYER SCENARIO
- Price Retested a very strong liquidity zone
- The Weekly close occurred above the area of liquidity Acting as a strong Base of demand that will move price bullish
- Really strong demand for price at a 34840 levels
- Price is still creating higher highs on the daily time frame
IF PRICE BUYS AT OUR Point of interest:
- I will be looking for the price to test this block as breaker block for buy entry to 35364
As always a look into fundamentals is very crucial while trading in confluence with your technicals:
Lets look at some previous weeks news/ Macro Economics price fluctuations:
- FED announced the tapering of bonds
- Gold has dropped over 1000 points (giving signs of deflationary period in our economy)
- COVID DELTA Variant is back, cases are rising
- High inflation in grocery prices and Gas
- Deflation occurring in some commodities
- Infrastructure Bill Passed
- Consumer spending reports show a decrease in consumer spending
- Retail sales down
All in all,its a must to keep everything in mind MY Personal "OPINION" is the markets will sell this week HOWEVER, MY BIAS WILL STAY NEUTRAL. AS HUNTERS, we might want 17 pointer but sometimes you get 12 pointer or baby deer. So As always stay blessed happy trading week Follow for more in depth analysis!!
Murtzaa Out
AUD/NZD - Will it hit the 62??In this vid I point out that we could see a breach of the most relevant low at some point, which is quite near the 62% retracement area of the larger timeframe parent structure. It's interesting that the low and the 62% area are about 20 pips apart, which seem to meet the pip grade concept that ICT so eloquently fleshed out.