Get started

Ictstudent

EURJPY: THE MOST PROFITABLE TREND FOR NEXT WEEK!!!!. EJ took out buyside liquidity creating turtle soup ( Smart money repricing ), leading to the current sell situation we're having. Price already took out the external range liquidity to the upside which is causing it to attack the internal range liquidity, the smart money buy sell stops and sell them to willing buyers, and the sell buystops and buy from. willing sellers. we're expecting the smart money to sell their buy orders to willing buyers which resides in the relative equal low below. we also have a weekly order block which price is going to mitigate below the sellside liquidity, there we expect price to start booking buying orders. EURJPY is heavily bearish for now, and buying opportunities are low probability. Short trade will be more profitable. STEFANFX.......
by stefan143
1
$XRP - Hedging Bullish Against Pevious Call? *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Tasla or Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will do 2 things 1) move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and 2) Move toward Imbalance (Fair Value Gaps, Liquidity Voids. Open Gaps) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.* I batttled withthis and had two ideas and I've narrowed it down to one. It should fill the 4 hour fair value gap bellow before shooting up and filling the Weekly fair value gaps created back in May/April So Currently the price dropped today in the new day and month but has not finished out the week. And I don't think that my original idea will be finished out this week. I do believe that the price will Move up. because if you look at the current Wave, the 162% is the current high within the last few days . Additionally it is within the weekly Faif value gap that it entered and droped created an Instititional Order Entry Drill (WHICH IS THE CURRENT HIGH) Now you can enter now with little leverage and leave a atop loss of about $0.42000 as well as a second entry of $0.4400 with the same stop loss. also with very low leverage. The reasoon I have it bullish above these prices are because the last quartly highs haven't been above $0.4100 and I would expect them to stay above that considering the weekly fair value gap prices. However, I do take a step back and think that it could fulfill the current 4 hour fair value gap before moving updward and then fulfilling the weekly fair value gap before getting to the current high. So that's why I have a thir entry, this would be high leveraged and the current 4 hour fair value gap price jumps from .4050 to .4230 Lastly I have an entry of $.42500 with a stop loss that would cover the 4 hour fair value gap and that entry would be the last bullish order block of $0.42545 covering to the previou areas consolidation low of $0.3760 ( 9however, if this is what you think you might as well add more leverage to your short and us these numbers as take profit) although, it' really the 4 hour FVG Low of 0.40550 that O dpn't think it will get lower than before I put on a high leverage long through the current Weekly Fair Value Gap and Hoping It gets to the other weekly Fair value Gap just above it. as you can see the weekly lows of the current chart are balanced vut where there is a weekly fair value gap above that price usually wants to fill, this is where the unbalanced act is that needs to be balanced. If it does fill the below 4 hour fair vlaue gap, my previous idea's take profit is complete and then it should move up to complete the banlancing of the weekly now that the daily's have been balanced. But if it goes up first and completes the balancing of the weekly, I wouldn't be surprised to see price not hi my original stop loss and turn around and filll the 4 hour gap. So just to be clear here is what I think the scaenarios are on chart 1. Now until $.4400 is an entry with a S/L of $0.42 Staying above highs. but falling again once it covers the weekly FVG near 5585 or 2. Entry at or below $0.4250 to $0.40550 To up above 0.5585 In which case the original idea has hit it's Take profit and now we're just going the opposite way So while I believe it is going to long, right now, it's whether it's going to go long short term and fall back to cover the 4 hour? Or cover the 4 hour FVG first and then go long? Considering most prices still follow bitcoin and I think Bitcoin still has time to get to it's ultimate low of $15,6 I think it's going to cover the second option first, clear out my first take profit and then head to my second. Giving it a 3.25 R:R. However, if you think right now is the time to go long, then you have a 2.75 R:R ... This is why I currently have a small amount in low 3x leverage going long, because if the second comes true, I can get 4 times the amount if I enter correctlty with 12 x leverage. Because I believe either are going to win. And I might Just not enter a second time until .41 and just ad double my current entry and have 15x leverage rather than losing any at all. Quite a bit to think about but any of these scenarios I believe are winners, It's just paying attention to Bitcoin now.
Long
by BodiesXWix
$XAUUSD - CoT Suggests A Quick Short Before the Long Run *SMT*Inverse relationship with the dollar may also suggest a quick short as the dollar just dropped from the all time-high. The dollar may start to pull back down and if so we should see Gold rise. But not after it shorts from the next bearish order block to the nearest Bullish order block and by looking at the Commitment of Traders for Gold Futures, it appears that the longs outweigh the shorts over all. But short term there are mostly shorts. Here's the daily up close to see how the CoT Compares. As we know bonds have not been great this year and currency chases the bond yield . If the yield is inverse the bond then It may suggest that all currency become weaker which would make gold more valuable. That's why I believe this may be the last short to capitalize on before it takes off. I expect the short to happen during the London session just a little after midnight NY Time, I would expect the gold start creeping higher until it around 2-3 a.m. a rush up into that bearish order block and then a slow drop through the rest of the day until the end of the London session, that's when I would expect it hit the bullish order blck and turn around and start moving back up. We'll see what happens I guess. Good luck and happy trading :) OANDA:XAUUSD COMEX:GC1!
OANDA:XAUUSDShort
by BodiesXWix
$BTC - Last Short before Pivot to Bulishness: Near $15,825 *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Tasla or Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is regarding what price action will do - 2 things 1) move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines,etc.) and 2) Move toward Imbalance (Fair Value Gaps, Liquidity Voids. Open Gaps) Halfway points in fair value gaps, order blocks, Breakers, are always a price to aim for. Support and resistance onnly exist to protect profits, as soon as an institution wants more, they'll all use the same Options strategy amd that's then Support and resistance is broken. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.* Bitcoin - It dropped pretty hard after entering a 4 hour fair value gap. This is called an institutional order flow entry drill (IOFED). It drops down to "Support" To where retailers would probably start buying. However, If you haven't done a monthly time dframe analysis on this chart, you will be lost. There is a monthly fair value gap below current market price. After the current price hit support and came back up it then hit a bearish order block followed by another (IOFED) And this is where I believe the price will definitely take a dive as most retail positions are buying. Here's the chart depicting such safe support and retail buying in one area Options on the Bitcoin micro, for an institution to protect their asset would buy a put and buy a call. Therefor if it reaches the put strike price they can excericise the right to buy at that price and they want it lower so they can buy at a discount. So institutions know what retail is doing there for they can sell their assets and short the future/option to hedge against the sell. to get the price to start dropping. Once retail sees that it is dropping further than they want, then they eill start selling with Institutions pushing it down further. Institutions usually knmow the gap theory and will end their option/future at the midway of the monthly fair value gap and start buying up again at an enormous amount because this time it will be in the $15k range. This is about an 80% pullback from the previous low, which is exactly how the chart from 2017/2018 acted. So this should be the last hurrah of a drop. It can fill up the entire Fair value gap below but it doesn't have to. We'll just have to wait and see. Heres a chart of the monthly and where that fair value gap is. That gold line is the imbalance that price wants to fill. 2017 80% pullback VS 2022 80% Pullback 1. 2017/18 2. 2022 At first you were probabbly scratching your head or laughing at my idea. But go back and look through my last 5-6 ideas. I've pretty much been spot on the more I am involved in studying smart money. At least getting near an entry zone and hitting a take 1 profit. Thats All I need daily and I can do this for a living. What do you think? Is $16k ish too low? or do you think lower? Why? I think we're nearing the end of the pullback journey. based on history and Smart Money Technical Analaysis. Also the Commitment of traders report has the institutions adding shorts to their positions. See barchart.com chart, so if the institutions believe it's still shorting, why wouldn't we? See below Barchart CoT. It's the indicator at the bottom of the chart, and the red line represents Institutional Positions. As you can see it's lowering which means it's adding more net shorts. www.barchart.com So good luck and happy trading. COINBASE:BTCUSD BITSTAMP:BTCUSD
COINBASE:BTCUSDShort
by BodiesXWix
14