Ictstudent
$FTM Down to .328 then up to .87FTM appears with will hit the bottom of the weekly candled breakers. The smart money fib, that breakewr runs between the smart money buy, getting alot of retail to buy early, then sell thiniking it's gonna sink then back uip to when I would recommend.
Entry - .33
SL - .232
TP1 - .49
TP2 - .69
TPT3 - .87
KUCOIN:FTMUSDT
BITSTAMP:FTMUSD OKX:FTMUSDT.P
F\ KUCOIN:FTMUSDT.3L
BITFINEX:FTMF0USTF0LONGS
EURUSD SHORT 2/9/2023 THURSDAYDOA
-Killzone Time: 8:30 AM
-Session: London/New York
-Time of Execution: 8:25 AM
-Date: 2/9/2023
-Day of Week: Thursday Morning
Entry
-POI: CHOCH 1Min FVG
-Risk to Reward: 1:4.07
-SL: 9pips
-TP: 37pips
-Position: Sell By Market
Moral
-ICT 2022 Mentorship Model/ Faiz
-Opening Bell Liquidity Sweep
-15min chart setup
-Liquidity Swept, MSS, FVG
Results
-Target Reached
-Price respected concept with BSLS & MSS
-31pips secured closed before TP
Lesson
-LFGGGG!!!!!!!
-THIS TOO EASY!!!!!!
-BOSS MOVES!!!!!!!!!
$FTM Technical Analysis - R Fair Value Gap Turned Support *SMC**SMC* = Smart Money Concepts. See related Ideas for tutorials
In Smart Money, there are specific candle formation that will lead to a lot of clues to price action results. Yesterday FTM was the product child of those clues. Currently, the price has hit the top od the daily / weekly fair value gap. I just closed my long position because I expect it to retrace to thebottom of the weekly fair value gap, which in turn is also a breaker. These will act as support so once price reaches $0.548 we should see that support start working it's magic
Current chart label (1) Lower time frame
(2) It could retrace to the bottom of the order block which would balance the chart on a weekly level and then would also turn bullish at$0.51885 - See chart two higher time frame
1
2
We shall see good luck and happy trading
Post FOMC 2.2.23We have left some imbalances behind following yesterdays explosive move that need to be cleaned up prior to continuation. $META 40bln buyback may put a dent on any dip adds and we could continue right at the open into BSL. I'd be looking to fade this initial move if so back to value.
On the hourly we have what appears to be a large BISI (buyside imbalance - sell side inefficiency) and multiple FVG's (Fair Value Gaps) within. Below equilibrium is our return to discount, so those are the FVG that I find the most interesting.
I do like to mix in Volume Profile with ICT concepts as it is a tool that I have grown to love over time. Yesterdays Point of Control comes very close to the FVG+ I have in interest.
Long story short, I'm bullish but will fade any opening rally until we get a return to premium to pivot back long intraday.
The short must have a BoS- with displacement to the downside at a key reversal time. We don't get in front of this just because. Control the drawdown. CME_MINI:ES1!
yday for reference:
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.
True SMC entry module to pass Funded Accounts!!!Hello traders. In this module we aim to explain how to enter the trades along with market makers for high RR entries. Entering like this will protect your Stoploss since your orders are along with the Market makers and market makers defend their positions. As a result your position in also defended in this case. Please pay attention to the annotations made on the chart.
Happy Trading
Team Lamda!!!
$XRP Bullish - Not without a few fake outs along the way *SMC**SMC = Smart Money Concepts or I Formerly referred to it as Smart Money Theory. Same thing I think it is being adapted to a bigger retail trader class (you all are getting wiser for changing to this style of analysis) you can find a few tutorials and breakdowns in the related ideas link to this one. Earlier I did my own limit call at the beginning of the rebalance redeliver at 0.4219. It hit that price around 3:30 eastern time (U.S.) Monday and my exit was near the same recent high of .43155. Which was also the Consequential Encroachment of a daily Fair value gap. I Nailed it without blinking an eye. Now the question is where from here? Well at first, I didn't notice that it had already filled the rebalance-redeliver (Shown in this chart)
So my first drawing of the pullback might be off. It could just go straight up to the daily bearish order block. as the first projected yellow run just goes straight up into it and then pulls back. but it could manufacture more liquidity and pull back more before moving up. I'll explain in greater detail.
The objective was to fill the weekly Fair Value Gap (created in September, which has happened) as well as fill the imbalance in the redeliver rebalance (Which has already happened) However, it wouldn't be a smart money concept if it didn't try to manufacture liquidity. (just above the .43155 area) So I assume there will be another pullback near that price. However, now we have to keep in mind that there is another Weekly fair value gap that needs to be filled (thus gap was created in November when the price was moving down). (The purple outline that the projected yellow line touches going up and the pull back down) So it could pull back to the same area that it closed the redeliver-rebalance on (0.41330) and then run up and over the 0.43155 level to the daily bearish order block. This would be near .4498-.45 level. After it hits that rejection block it should fall to fill the rest of the weekly fvg which is near 0.398 but could get as low as .3768. This would cause a panic in the retail market and you would see a lot of people jumping ship for a loss. While Smart Money (Larger Institutions) sweeps in to buy up at a low price. When in reality all price is doing, is what its meant to do, 1 Fill imbalances 2. attack liquidity.
So then price I believe would start making another run this time up to a median of the bearish order block which is in the congruence of the 227% fib extension of around the .48 price.
How long will this take? Who knows. Am I gonna be 100% right? Probably not. But after studying so many smart money charts, I would not doubt that this would happen over the span of 2-4 weeks. Or maybe 1-2 weeks.
We can only wait and see :)
KUCOIN:XRPUSDT
KRAKEN:XRPUSDH2023
BITSTAMP:XRPUSD
BYBIT:XRPUSDT.P