Smart
Possible 30R Gold Long - Swing trade - Smart Money Concepts/ICT1. Price has come back to mitigate the 4H +FVG (Fair Value Gap) created on the 4th April, sweeping a PDL (Previous Day's Low) in the process to clean out the stop losses of anyone in early longs from this past week. This is an early entry signal and I have started to scale in with a scalp. (This higher risk trading, and not financial advice!)
2. Price has also retraced to a W +OB (Order Block)
3. We have SMT divergence with Silver, which has not swept the same low; another bullish signal in SMC (Smart Money Concepts) - although it would be better to have the SMT divergence with the previous structure than the current one as this is still unconfirmed (Silver can still make a lower low!)
ENTRY: ***IF*** price displaces/moves impulsively away now on the 15m timeframe, it can come back to fill the 15m +BPR (Balanced Price Range) left after the sweep of the 4th April lows. a 15m ChoCh (Change of Character) A.K.A. MSS (Market Structure Shift) would be ideal, but the last 15m swing high to be broken is a bit far away so the BPR fill is the alternative. This also lines up with the 4H +FVG which has a 4H +OB/Demand Zone below it.
I have placed my stop loss below the Pennant's rPOC (Range Point Of Control) for a peace of mind instead of the wick of the stop hunt.
I will post a zoomed in chart below.
Oil 6R Short Trade | Smart Money Concepts | ICT | SMT divergenceTesting another short swing trade based on SMT divergence; this time, divs between US treasury yields and Oil, targeting a previous day's low and demand zone.
I already caught one 6R short the other day using this same setup, and now we have more divergence while price has come into an untapped New Day Opening Gap as well as a supply zone.
We have also retraced on the daily timeframe to the 50%/equilibrium of the range and bottom of the wedge pattern that has already played out.
Price has choched/MSS'd on the 1H timeframe taking out Asia lows and pulling back to mitigate around daily range's equilibrium/mid.
This swing trade is supported by:
1. (like my BTC long) A risk-off environment due to impending bank failures combined with the Fed's sentiment indicating an ostensible softening of interest rate rises.
This is not investment or financial advice, just my own opinion.
Bitcoin 23R Long NOT Short | Smart Money Concepts | ICTThis is a re-entry to a 39R long that I posted the other week based on an inverted H&S on the daily timeframe.
This time it's another 23R long based on a sweep of a previous day low which I scalped yesterday, and a scale in after a 15m choch/MSS and pullback to OTE.
The strategy is the same, but this time it's based off a retracement to the top of this megaphone structure on the daily timeframe and a supply zone roughly at the 50% equilibrium point.
There is also SMT divergence between Ethereum and BTC as indicated on the chart
I think this is a bit more risky, but unless we get a bigger pullback, this is the best place to enter.
This scale-in swing trade is supported by:
1. A risk-off environment due to impending bank failures combined with the Fed's sentiment indicating an ostensible softening of interest rate rises.
2. Investors are seeking safety in Gold and BTC, as well as hedging against inflation. This combined with the weekly timeframe falling wedge and daily H&S pattern pointing to $37K or higher (supply zone and high volume node above).
This is not investment or financial advice, just my own opinion. I already partialed on my previous swing trade from ~24K so this scale-in is worth the risk:reward.
40R EURUSD Long Swing Trade (Smart Money Concepts)Testing one of my smart money concepts swing trading strategies using an early entry based on day trading setup. The setup normally involves a sweep of a 4h choch/MSS deep in premium/discount, then a daily pin bar or hammer, or a 4h choch.
Previous Day Opening Gap has been filled on DXY as well as three months of liquidity swept.
This early entry utilizes a long from a trendline following another strategy of mine. If successful, will take the majority of the position off after daily FVG fills and leave some on to run as a swing trade.
Testing 8.30 NY news. 16/11/22I don't follow standard Support and Resistance mode or Supply and Demand but instead I do follow Price and Time. Still lots to learn but getting better.
This is something I wanted to try today. 8.30 NY News and later on 9.30 NY session open. I was taken out at first but later on whole thing played nicely.
Please share your thoughts or if you have any questions then please feel free to contact me.
EUR USD potential movesI'm back after a while, again with the EUR USD pair.
We can see some form of consolidation and indecision with the current price movement.
I marked interesting areas of supply and demand. But me, personaly i would only consider SHORT positions due to overall market bearishness and ofcourse the strenght of the dollar index (even if it doesn't reflect the real world situation entirely).
If an oportunity doesn't present itself today, i'm most likely done for the week, unless ofcourse i see a very clean A setup.
Let's see what new york open brings us:)
*TRADE SAFE GUYS, ALWAYS USE PROPPER RISK MANAGEMENT!!!*
Regards, T.