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Phantomtrading

A Brief Overview of My Market Approach Brief explanations I form my narrative based on ICT concepts, I form my entries based on the free Phantom Trading content. My appraoch is based on my understanding of these concepts, which may not be objectively correct according to their teachmgs, but it's what works for me Premise: M1 flow - Typically I look to trade M1 flow in line with M15 flow, but not always HTF AOI: W to M5 - Since I trade on the M1, I consider anything M5 or higher to be a higher time frame Markets: DXY, EURUSD, USDCHF - I choose EU and UF due to their correlations with the dollar index. EURUSD has the best inverse correlation, USDCHF has the best direct correlation of all the majors Minimum Risk to Reward Ratio (RRR) 3.2 - This gives me around 3R and should about cover commissions. LTF Confirmation entry method Liquidation - price liquidates a level on the M1 (bonus for HTF liquidation) Mitigation - price mitigates a HTF level, in the form of a return to supply/demand or a raid of liquidity CHoCH - price changes character by breaking above supply in a downtrend or breaking below demand in an uptrend SD/DS Flip (supply to demand, demand to supply) - in an uptrend, price reacts to a level of demand, fails to create a higher high, and breaks structure to the downside (DS Flip) ; in a downtrend, price reacts to a level of supply fails to create a lower low, and breaks market structure to the upside (SD Flip) FVG (Fair value gap) - added confluence if there is unmitigated imbalance associated with the entry level My favorite setups are just my favorite presentations of the setup, there are a number of other factors that can shape the setup. The important thing for me is that I pay attention to the narrative the pattern is telling me, instead of simply trading the pattern. Understanding the narrative behind the patterns adds edge to my discretion and often helps me stay out of less probable trades/trading areas. I will be posting a video to youtube that includes an oral summary of what is presented here, I will post an update to the idea when the video is released (this coming Sunday, 2 Jan 2022).
Education
by Cannastotle
EUR/USD - Current Outlook ahead of F O M CEUR/USD is currently trading within a Rangebound market ahead of F O M C Minutes later this evening (UK GMT) Market could play off of the extremes within this range or merely inducing Liquidity for later moves, seeing prices come back to visit the Supply levels higher up. As always we never look at to act pre News but play the reactions. If you're not comfortable with trading around the news or playing the reactions. Stay Patient and let the market play out then come back tomorrow !!! There are so many opportunities to exploit this cross on a weekly & monthly basis. Remember that we focus on consistent R pcm, with solid risk-management and RR
by Phantom_Trading
1
EURUSD AnalysisWhenever I approach the markets in the morning I always ask myself, "Who is in control". Currently as it stand from the weekly timeframe, down to the hourly timeframe, supply is in control. And currently on the 15 minutes time frame demand seems to be in control of the markets, and why is that, the answer is simple it's more likely building liquidity to balance price on the bigger timeframes then supply comes back in control on the 15 minutes.As I'll always say the market is fractal meaning anything that's going to happen on the higher timedrame will actually begin from the seconds timeframe e.t.c. So lets see what oppoutunity the market has to provide for us this morning, and NB: this is just my own view off the market and please don't soley rely on it please, and please do your own personal research before jumping into any conclusions. And my entry criteria is based on the 1 minutes timeframe, and I'll be sure to share them here also. Peace out. Please don't forget to leave a like, and also comment under what your view on the market is, and also give me a follow on here to get more daily content like this every morning before london open on EURUSD. #Chibuforex.
by GreatChibu
AUDUSD - Institutional Liquidity - Understand the WhyImagine understanding how to execute with precision? Imagine understanding the Why behind the markets.... Liquidity, Footprints, Level ll which is all considered within the framework of 'smart money concepts' December is traditionally known for the lack of liquidity and reduced volume in turn which causes increased volatility. Traditionally many including myself trade less throughout December and I tend to wrap my trading up around The second week of the month to spend time with my family, friends and loved ones. As we all know from an institutional stand point the seasonal holiday tends to be the month many take off to do the same but other than the above do you ever wonder why? ...... Bonus Month. PnL on institutions books are calculated for the year end and of course subjective to performance the portfolio manager & team are paid in accordance with the 'Net ROI (Factoring in either the hurdle rate or the watermark) Now the above is somewhat irrelevant but it's important to understand the Why..... So lets now take a look at understanding the Why behind this AUD/USD Short on 28th December 2020 at 08:44am shortly after the London/European open, But, first here are the performance metrics and values; Percentage ROI: +15.87% Initial Risk: 1% (factoring in RT Commissions) Stop Loss: 3 Pips Drawdown: 0.9 Pips Trade Duration: 7 Hours (Trade hit TP2 @ 15:46 UK GMT) ____________________ So lets take a look at the trade Breakdown Weekly Timeframe: The Weekly going back to 2001 has since been in a bullish uptrend, creating Higher Highs & Higher Lows until 2014 after it printed a Lower Low and failed to purge liquidity and create a Higher High. Price continued to create Lower Highs and Lowers Lows, Building Liquidity on it's way down. In March 2016 we Broke Major structure to the downside and printing a new structurally significant Low, Taking Liquidity. to allow for a Push to the upside, lifting offers, seeking the Institutional level & footprint which was yet to be 'Mitigated' from May / June 2018. Daily Chart: Price as we can see on the Daily timeframe is extremely efficient within the market structure & sub-structure. Building & Creating Liquidity to be targeted / purged and swept ! 1Hour: On December 21st 2020 we gapped down with intent and momentum creating multiple Breaks of structure to the downside, then correctively over the next 6 days moved back up to not only fill gap liquidity but tap into the Order Block left, Seen clearly..... Which was the beginning of our short trade ......
Editors' picks
Short
by Phantom_Trading
12