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Newyorksession

What is ICT Power of 3?Power of 3 at work on Gold producing a 8.6RR move on 30/06/2023 FOREXCOM:XAUUSD Ict power of 3 is a strategy that reveal the market maker algorithm model for price delivery. Power of 3 simply means there are 3 things market makers algorithm do with price in ever trading days. Those 3 things are; Accumulation, Manipulation and Distribution. AMD: A: Accumulation M: Manipulation D: Distribution 1. Accumulation: They accumulate liquidity through the delivery of a ranging market. The purpose for delivering a ranging market is to induce both buyers and sellers to enter the market thinking that price will go in their direction. 2. Manipulation: After accumulating both buying and sell orders, they then manipulate the market to further induce another set of traders which are breakout traders. But, that particular manipulation move is not their intended direction for the day. They only use it to gather liquidity, Which will then lead them to the next action which is to move and distribute price in their real direction for the day. 3. Distribution: After manipulating price to a particular direction different from their plan, they then distribute price to their original intended direction. e.g to buy, they will first sell the market and then buy at the discount price level. Example of Power of 3 on Gold AMD: A: Accumulation M: Manipulation D: Distribution Accumulation : Price range during Asian session, accumulating liquidity on both sides of long and shorts. Manipulation : Price broke the low of the accumulation during London session to take out sell side liquidity and then fill the previous day imbalance. Distribution : Price move away from the FVG leading to a shift in market structure on 5m time frame, plus a short pull back, follow by a massive move to the upside during the New York session to take out buy side liquidity above.
FOREXCOM:XAUUSDEducation
by Elijahenoch7
2
NAS Long - NY - Win - PA was rangey during Asia and LDN ---- PO3 Accumulation ---- 31 pips (handles??) - PA swept 62F lows @ 9:30-9:45am ---- PO3 Manipulation ---- Liq Raid to kick off move ---- 100 pips - Reversal @ 10:39am ---- 1 X FVG on 5m ---- 42 pip jump and BOS ---- this is significant for NAS - Target ---- PO3 Distribution ---- PDH ---- 193 pips Entry - I entered early because of SMT on SPX ---- Never waited for the OTE to form - NAS took longer to move ---- Almost 40mins ---- Also had better OTE eventually - SPX would have been a FVG entry ---- I don't like those because of bigger SL's Result: Win - 5RR - Textbook setup Psychology - Was a bit nervous - Especially when SPX moves early and NAS sat still - Good idea was to reduce my risk especially since I was in DD - So I was happy to take the loss - Moving to BE and closing my laptop also helped
EIGHTCAP:NDQ100Long
by camKay
Bitcoin Day Trader's Money ZoneThis post contains a great tip for all bitcoin traders. I use it every day for my bitcoin trades. On the chart you see two green vertical lines. These are drawn from 8:30 AM EST to 11:30 AM EST everyday New York Time. I call the time between these lines Money Zone, which is where Whales/Institutions/MMs/Whatever set up their day trades. The yellow Horizontal line is high/low made withing the zone and the yellow vertical line is the end of session. The red vertical lines are for Saturday where this is not applicable, even Sunday is not applicable since these are weekends and big money don't trade on these days. But for a fair number of Sunday's, this idea holds true in my back testing. What you should notice is, the high/low made during the money Zone is never breached till the end of the session marked by the yellow vertical line. I have back tested and marked all the money zones for the past 2+ weeks, but you may not be able to see them all in the post, so I am sharing a live link of my chart below. www.tradingview.com What you must do is use your regular TA to determine levels of interest, create setups in advance and wait for the money zone. Now by this time you should already have a bias to where the price is likely to go next and wait for a counter move/manipulation in the opposite direction and comfortably take the trade and relax for the rest of the day or at least till the end of the session. This is applicable for other sessions like ASIA or London as well, but I have personally found this to be more accurate for the New York Session. This is not Financial Advice.
BYBIT:BTCUSD.PEducation
by zakoraio
2
ICT Power of 3 Strategy on GoldPower of 3 at work on Gold producing a 8.6RR move on 30/06/2023 FOREXCOM:XAUUSD AMD: A: Accumulation M: Manipulation D: Distribution Accumulation : Price range during Asian session, accumulating liquidity on both sides of long and shorts. Manipulation : Price broke the low of the accumulation during London session to take out sell side liquidity and then fill the previous day imbalance. Distribution : Price move away from the FVG leading to a shift in market structure on 5m time frame, plus a short pull back, follow by a massive move to the upside during the New York session to take out buy side liquidity above.
FOREXCOM:XAUUSDLong
by Elijahenoch7
Gold BuyI'm currently in a gold buy. Reasons: -We're at a point of what looks to be a strong demand zone on on all time frames leading up to daily. (Accidentally wrote supply zone instead of demand on chart. excuse the typo) -The last 2 closing candles had large wicks on 4hr timeframe (bullish engulfing). -We're getting higher highs and higher lows on smaller time frame. -5 minute resistance level has been broken. -1 hour candle has closed extremely bullish. - The ride to 1957 should go smoothly follwed by a pullback. -My guess is that Tp will be hit tomorrow or Friday the latest
OANDA:XAUUSDLong
by The8thWonderTrader
2