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Ictstudent

A Nice SHORT in WTIHello again, traders. Long time to not post anything over here. Since yesterday I had this operation opened. A nice short in WTI. My main entry was in the orange line but once I saw price was not going to reach it, I had to switch into LTF to seek a refined entry. At least, I was sure price was going to go down around that zone so I took my risk and pulled the trigger. At the time I am writting this: SL is at entry price, took partials and I will leave the trade running. First -possible- TP: @ $60.60 . Second -possible- TP: @ $57.28 (below the SSL) . I like to trade WTI in the Daily Chart because it brings me a better understanding of what price is likely to do; also, since all this two years trading it and studying, WTI is moved by global news but price goes -always- where liquidity is. Monthly Chart. As you can see in this chart, I marked a high and a low; that is a Dealing Range (ICT term) . Or, you can see it as Lower High (LH) and Lower Low (LL) . That LH & LL creates a range and if we look back at the chart, the market structure is Bearish (in the Monthly chart, of course) . One thing I have noticed about oil is that it retraces deep; if you use Fibonacci, use it in your Daily Chart and look it for yourself, WTI loves Fibonacci's 89% . So, back again at the Monthly chart perspective, price last month went for all the liquidity above those two previous highs until it reached and filled the Fair Value Gap (FVG, ICT Term) and retraces. Possibles zones where price can go in this retracement are deliniated with blue lines: $53.90 , $49.29 , $46.24 , $41.87 . Weekly Chart. You can see in detail what I mentioned ye above. Price purged the liquidity above those old highs and the retraces. What I would like to see in the weekly chart? A run below $57.24. Why? Because if price break that zone, it would mean a Break of Structure (BOS) and would be more than likely than price reaches into some of the blue lines below. After the run below, I would expect a retracement and I will open another short. Hope this analysis likes you. Until the next time, guys!
TVC:USOILShort
by GCancino
4
Pound Canadian Short Position Trade - 2021The analysis is based off my unique approach to seasonal tendencies when Price is in a Ranging Market. Taking 2020 as the third year if we look back until 2017 you will notice how, during this period, the market has been repeating a pretty noticeable Fractal Pattern. Taking that into account l predicted a significant high to form on the Pound Loonie during First Quarter of 2021 which has happened so far. I'm anticipating the low of this Year to come around Aug-Sep, sweeping the lows around the 1.67387 level and finally taking out the Low created in March of 2020. The Canadian Employment Numbers came in positive for the Loonie @259.2K far larger than the forecast of 75.0K, this occurrence might just be the Fundamental confluence needed for my Technical analysis to pan out as anticipated.
Short
by watersthetrader
Is this a STOP HUNT? H4/H1 vs. DAILY.In this video, I analyze SAXO:EURUSD I encounter a possible STOP HUNT setup in DAILY timeframe. BUT in H4 and H1, they made a BULLISH BMS; kinda put me into confusion and doubt too to execute my trade. Now, I might just observe this unless it Bounce bounces back at my key level for possible LHA. How can I improve? - Incorporate Killzones next time. - Plot 00's and 50's. - Observe and backtest on trading the killzones an OPENING at 12:00 EST
Short
by iTradeU