Orderblocks
SPX neutral with a bias to the downsideAfter yesterday's drop that hit my 3770 target, we are holding near the weekly lows in discount. On the LTF the buying started in A/S sessions on through London session to take out some on the short term price imbalances.
Last POI was a reaction off of a -FVG that can be seen on the 15m and 1H charts. We will need to see if the fresh +FVG (not noted but its there on the same charts), the A/S session range, the DO, or the TDO holds up, else we continue down for the day. There's even a +OB at the 2:30 candle on the 15m, so I'll definitely be watching out for these +POIs.
The unemployment claim release at 8:30 is a good catalyst for a decision on the move today and that's where I'll be focused in on. The forecast is for higher claims and I am in agreement with that but I'll be patient in my bias.
Terms:
LTF: Lower Time Frame
POI: Point Of Interest
A/S: Asian Sydney session
-FVG: Bearish Fair Value Gap
+FVG: Bullish Fair Value Gap
DO: Daily Open
TDO: True Day Open
+OB:Bullish Order Block
USDCHF Short From H4 OB + Trendline Resistance + RSI DivergenceHello everyone!
I expect this paor to continue its global downtrend.
4 major points that supports my view:
1) There is a massive orderblock formed on Sept 3.
2) Trendline resistance
3) The divergence on RSI indicator on H1.
4) The central babk of Switzerland has raised it's interest rate by 0.75%!
Entry: 0.98411
SL: 0.98665
TP: 0.9508 (On filling the imbalance left aftrer CPI data)
You can find re-entry after it will make a Choch on LTF.
SPX setup 9/20/22Trading inside yesterday's move up and near the weekly opening price.
Currently inside a 15m+FVG on no volume so I'll be paying attention to this area for the time being. The times and sales and level 2 aren't showing anyone big trading for now, so we wait.
I'm neutral to bullish for the short term but if we trade near the daily and the 15m-FVG and reject, I don't mind reversing the position in the opposite direction.
GBPUSD 15 MIN PROJECTIONGBPUSD has Liquidity Under Two Equal Lows , Which The Market Should go And Take Out the SLs Below These lows, Also There is an UnMitigated ORDER BLOCK, So we are Expecting The market to Firstly grab The Liquidity, Touch the Order Block And Then Flies to the upward and Grab The Buy Side Liquidity
Smart Money Concepts in action - 30% profit, runningGood Day.
In principle, Smart Money Concepts/Order Block Strategies/Wyckoff (to name just a few), aim to do one thing - identify where Banks & Financial Institutions are stacking their buy or sell orders, anticipate Retail Trader stops being liquidated, and jump on board to ride the wave with the Smart Money.
OTB (On The Beach) is a UK-based travel operator, a sector that's been beat-down heavily in recent weeks - and recently re-visiting its Covid Lows. Perfect opportunity for Smart Money to manipulate the market, trap sellers and liquidate early buyers who sold off in fear.
BFI's do this every week - rinse and repeat.
Our Strategy anticipates the 'washout', and enters on c.50% fib of the Spring.
Let me know what you think of the trade set-up above - we anticipate holding on for a good deal longer, for a 2-3X return.
Best,
Figuring Out Finance
Supply and Demand Confirmation Entries ☑️The thing that catches most traders out is they don’t know what zone will hold, that’s why it’s always best to wait for the higher time frame zone to be mitigated, wait for the break of structure to confirm the trend is changing, then execute. Wait for confirmation ☑️
US30 into the Fed rate Light news week going into the Sunday opening until Wednesday when the interest rate is released. We could have one or two thing happen until the Wednesday release:
1) We see priced in data and a direction chosen into the lead up
2) We see price stall out until we enter the day into the rate release.
This is a market moving data release so this is one to take with precaution after the CPI data implied a 75-100 bp increase.
NAS 100 into the Fed Rate Light news week going into the Sunday opening until Wednesday when the interest rate is released. We could have one or two thing happen until the Wednesday release:
1) We see priced in data and a direction chosen into the lead up
2) We see price stall out until we enter the day into the rate release.
This is a market moving data release so this is one to take with precaution after the CPI data implied a 75-100 bp increase.
SPX trading into Fed rate releaseLight news week going into the Sunday opening until Wednesday when the interest rate is released. We could have one or two thing happen until the Wednesday release:
1) We see priced in data and a direction chosen into the lead up
2) We see price stall out until we enter the day into the rate release.
This is a market moving data release so this is one to take with precaution after the CPI data implied a 75-100 bp increase.