Really posting here to see if anyone would validate this for me but I was looking on the chart and this idea came about. On the weekly chart for ES1!, there seems to be class A or B Bearish Divergence developing on the Weekly timeframe.
Listen, of course we all know SPY trends upwards over time but is this an indicator of a larger sell the market needs to go...
Establish CRT Range of 1p-130p
Drop down to 2m/1m and refine CRT range to candle body highs/lows on the 2m/1m timeframe
Look for TS of nearest candle body high/lows within first 20 mins after 130p EST
Execute reversal from 50% to 100% of refined CRT range, ideally 75 tick spread NQ/MNQ
Entry Structure:
Bulk - 60% (3 mnq, 1 nq)
--- Exit: Opposing End of Range...
Scoping out this possibitly of a swing for the week if Price action permits
Looking for Profile to develop where Mon/Tues will probably be the highs of the week with CPI data coming on Wednesday.
Documenting here but will be looking for daytrades following this behavior, have to see how Mon/Tue start out.
Documenting my identifications of Weekly Profiles
This here is a Classic Mon/Tue high of the week - Price being in a Bearish trend on HTF makes early week push on Monday touching into the Premium FVG (BSL) above before continuing HTF trend and trading through the 1H PD Arrays plotted
Download the Chart and Use the Groups of Drawings to Navigate the HTF Bias(Trend) and Context (PD Arrays), Narrative (Probable PD Array to be reached for next), Entries (1H/15m), and Risk (CBDR and levels in chart)
With the period starting mid-week Oct 24, 2022 - Thursday Journal
Define Weekly Range Profile with IPDA True Day Markers
Done - IPDA True Day...
Profile: Bearish
Classic Classic Tuesday High of the Week
Note
Used this as Live Example for Homework #1: Find 3 examples of 0 GMT Trades
FOMC Week as news driver, markets repriced after Fed rate cut of 0.25% and forward guidance that there would likely be 2 rate cuts in 2025 vs the 4 rate cuts previously communicated
News from Oct 19, 2020
"Stock market live Monday: Dow sheds 400 points, stimulus concerns, Covid-19 cases hit 40 million" - CNBC
www.cnbc.com
"Stock market news live updates: Wall Street slumps on fading pre-election stimulus hopes, Dow has worst day in nearly a month" - Yahoo Finance
finance.yahoo.com
Profile: Bullish
Classic Wednesday Weekly Reversal
Note
Also used this as the 2/3 answers for Homework #1: Find 3 examples of 0 GMT Trades
- Entry on opposite of Monday/Tuesday price action?
Before ICT’s Month 6 - Lesson 3 Video → Here is where I’m doing the homework from Lesson 2 (Building an example Trading plan)
emagloire.atlassian.net (Page for Homework Sheet)
The way Arjo explains there are 5 Foundational Levels within a Trade:
Bias
Narrative
Context
Entry
Risk Management
You work to build through a backward approach where you start from...
Short and simple, just here to track this trade idea officially using ICT concepts.
Although my Intermediate analysis is Bearish for ES1! I do believe there is some reason to be Bullish in the short term . Missed most of the move but this trade is would be more of a scalp /short swing if youre into that. This would be off the most recent 1H Bullish OB and...
Orderblocks and Mitigation Block Live Study - Looking at live example going back to early May of 2010. There was news on May 6th that caused the market to plunge but interestingly enough - Price Action manages to be find a floor around the Orderblocks indentified on the Daily, Weekly, and Monthly Charts (HTF)
CHoCH, BOS(Break of Structure), and Pullback Examples
Multi Timeframe Analysis
Daily ----> 4H
4H ----> 1H
1H ----> 15 min
30m ----> 5m
Market Structure Simplified
"Ultimate Market Structure Course - Smart Money Concepts" by Smart Money Concepts
1. First Step: Find Valid Pullbacks
- Signal Trends
- Valid Breaks
- Reversals
Pullbacks are defined by when a low...
This analysis is taking a Falling Wedge set up on SPY Futures mainly from the Daily timeframe. The recent trend in price in bearish and approaching an area of value for a trade. Awaiting confirmation of a reversal, ideally we would enter this trade. I am also publishing this idea to demonstrate for myself and others how price can interact with the Fair Value Gap...
