Ictorderblock
DXY (Dollar Index) Some areas of potential reactionHere are some areas on DXY / Dollar Index / DX1! which are potential areas that could trigger a reaction.
Remember, don't trade these zones by themselves - but use a lower timeframe, like Daily or 4H to find the trading opportunities.
These zones on the weekly chart are a reference to what are some primed areas based on the history played out!
USDCAD (4H) : Trapped shorts behind a liquidity run!There's a liquidity buildup happening behind recent lows on 4H on USDCAD.
Right behind the liquidity is an area where a bunch of shorts are trapped.
This zone could be a great place to take a long position.
USDCHF (4H) : Trapped longsLongs are trapped, will result in a short trade when they exit.
Remember : risk management is the key!
ZB1! / TLT : US Treasury Bond Futures : HTF Bias (Option 2)US Treasury Bonds (ZB1! or TLT) are nearing some very sensitive + bullish zones on the weekly chart.
Here's another way this can play out in next few weeks!
Alternative way this could play out :
ZB1! / TLT : US Treasury Bond Futures : HTF Bias (Option 1)US Treasury Bonds (ZB1! or TLT) are nearing some very sensitive + bullish zones on the weekly chart.
Here's one way this can play out in next few weeks!
AUDJPY Bearish Setup Price will have to fill the FVG at the bottom. Price did a Breaker Retest on the Monthly time frame meaning it is bullish in the long term but for now it is bearish. Let us see what Price will print.
DXY Two scenarios might happen
1. If Price is able to break the order blocks, price will seek to fill the Monthly Liquidity Void and Monthly FVG below
OR
2. If the order blocks hold then it will seek to fill FVG and liquidity void before coming down.
Let see what price will print.
USDJPY Possible Bearish setup If price is able to break the Weekly and Monthly OB, price will continue to fill the Monthly Liquidity Void. DXY is also currently on the downside. Let us see how it goes.
My trading strategies : Trade against the trapped trader!STRAT 11 : Basic premise
As price continues in a trend, more and more traders keep piling into the same direction, hoping that the trend will continue and they will make money. However, at some point, the trend sharply reverses, breaking the market structure in opposite direction and trapping a whole bunch of retail traders in the direction of trend which just got reversed.
We create a zone which identifies these trapped traders and then patiently wait for them to exit, and trade with limit orders in the direction of their exit.
You can add additional confirmation signals from DXY's directions for the instruments which are highly correlated to DXY (EURUSD, USDCHF, etc)
GBPUSD STRONG BULLISH TREND DXY at the moment is weak meaning GU is going to buy for a very long time until fundamental factors set it. Price would want to fill the FVG since it is the path with the least resistance.
UPDATE ON GBPAUD Two scenarios are likely to happen
1. Sorry I did not take the FVG at the bottom into account. Price is going to fill the FVG at the bottom and then go strongly bullish
2. Price will go bullish and later come to fill since everyone is waiting for it to fill the gap so the Market Makers will manipulate price to get Sell side liquidity
I.C.T Sell Model on a micro chartI demonstrate on a demo account how I traded the ES using the ICT (by Michael Huddleston) concept in my daily analysis. The concept used were ICT Breakers, Order Blocks, Liquidity purge and revert, and ICT Sell Model. You can find more of is free YouTube course on YouTube.
DXY (US Dollar) : Trapped tradersDXY (US Dollar) is trapping traders on both sides of the price : giving us both long and short trades when these traders exit.
Hoping for a Short trade first, then a long trade!
$EURUSD - Buy Daily Bias - Rebalanced - (SMT)Self Explanatory. You get a better picture of these levels when you take a look at the 5 min chart. The Dollar isn't healthy. I'm banking on foreign currencies until there's. shift in the cycle which won't be for another few months.
GBPUSD (4H) : Trapped sellersThe recent gap up in GBPUSD left a bunch of sellers trapped below the monthly lows.
When price comes back to them, they would love an exit - giving us a long entry!
Also : DXY seems to be moving lower, thereby confirming the up direction in GBPUSD.
$ETH - Gap to close between 595 and 598 - Sell at OB (SMT)The Picture is pretty self explainatory. I failed my last ETH trade because I missed seeing this gap.
$EURUSD - End Of London Buy - Odd Displacement candleI try to keep my trading to a minimum and only during certain times. At the end of London is one of them and though I failed my EURUSD call last night, It was my fault for not checking the calendar on the financial status of the euro's interesr rate, I believe it was. As it was coming down just around London close I noticed an odd candle at the perfect spot I like to trad with a fib and decided I this should be a buy scenario.
So A buy it is but we'll just have to monitor where I'll be taking profit along the way
$EURUSD - 4HR Order Block Sell 2:1 RR (SMT)You have two solid bullish candles from yesterday that did not crack a previous high. The high came after a rejection bearish candle. The two solid bullish candles were over shadowed by two waining bearish candles and one engulfing candle taking us down to the low of the week.. so far. Generally in a weekly structure that looks like this, the actual weekly low comes on a Thursday. With the price gaining ground to entering these two solid 4 hour bulish candles (also bearish order blocks because the price is now below them), the DXY has continuously been gaining bullish momentum, and even though the EUR is the strongest of the currencies, that still doesn't negate the fact that there are very bearish tendencies in this setup. With time nearing in on the EUR open, I wouldn't be surprised to see a quick jump up to start the process as it did last night. I have 1.21000 marked as a safe spot to enter as that is near the low of the order block, However I am expecting it to get at least to the yesterdays Asian Range Low 1.21072 and the 1 hour bearish order block 1.21096. So not much of a window, but that's where I will unleash most of my lots when it reaches that level. While also having varying stop losses to mitigate risk with the highest being just around 1.21325 which is the top of the bearish 4 hour order blocks and 1.21250 which is just above the 1 hour order block.
\* See Chart */
I find making multiple variances on entries and Stop Losses help in tremendous ways when mitigating risk, in case the whole trade goes against you, you've relieved some of your lots at an earlier phase but even if it does break that first stop loss threshold and there seems to be a momentum change, you can easily add another position, and gain it back plus some. That's just my strategy on how I play the game.
But I could be completely wrong. I mean, what do I know. I'm just some guy that tries to follow smart money theory and apply it to charts and hope that it works. I could be COMPLETELY WRONG. So with that being said
Good Luck and Good Trading :)
p.s. Trend Lines and Channels are just a by-product price levels combined with time x price theory. They're not real and they you shouldn't rely on them as trading signals.
GBPUSD Trading PlanThe cable has been bullish for some months. I expect the bullishness to continue this week. Expecting bears to drive the price down to the area of equal lows at the 1.32800 institutional level. After taking out equal lows, I expect the market to reach the 4-hour order block at the 1.32500 level then look for further bullish confirmations on lower time frame at that level before entry. All that's left is patience. Patience makes a trader successful.
DXY (Dollar Index) Monthly analysis : Market Structure Dec 2020DXY (Dollar index) is now forming trapped trader zones on Monthly and weekly timeframes on both sides of the price. This means we could see a range developing for next few weeks/months.
