Back yet again with the Phase C continuation limit order entry model for swing trading, using ICT's SMC toolkit. This is again being documented as a reference for my future YouTube channel. This description took too long to write, sorry if price has moved away from where I got tagged in... So, these Phase C swing trades are proving to be a bane - the last one on...
Testing my own Phase C continuation limit order entry model for swing trading, using ICT's SMC toolkit. Fed sentiment: Hawkish? bond yields up/possibly more hikes/USD strength Trader sentiment: risk on? (Nasdaq rally/debt ceiling raise talks/inflation easing?) Supply/Demand factors: people still in employment and spending money means demand Overall sentiment:...
Testing my own Phase B pullback limit order entry model for swing trading, using ICT's SMC toolkit. Dollar strength, bullish weekly candle close on the DXY. HTF demand zone broken to downside on BTC and other assets. My phase B breakout consolidation was broken (invalidating macro bullsh megaphone) and resetting model to phase A. Distribution & supply zone...
I was waiting for a tight entry on Gold, and missed two very tight entries on Silver. If this pulls back into the 4h FVG & D -iOB (Daily Bearish inverted Order Block) it should offer a decent 12R long entry. Stop below last weeks' lows. Target is 30 dollars which is a previous monthly order block low. Confluence: Silver has SMT divergence with Gold and has...
This is an updated plan for the macro Cup & Handle breakout Previous setup for the 30R Gold long didn't play out; the unconfirmed SMT divergence didn't get confirmed and there was no impulsive move away. The stop loss is larger due to the entry location. Not financial advice but if this trade idea inspires you, you could use an even bigger stop to avoid...
On my phone, excuse the crappy chart. This a personal diary of sorts to document the development of a complete swing trading model I'm creating using ICT's Smart Money Concepts. BTC bounced from my entry point (which is also the consolidation I posted my last 20R+ long swing trade from a few weeks ago) giving me the confidence to post this. My thesis is...
1. 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...
Testing 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...
This 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...
Testing extremely ambitious 39R long trade to $38k 😂 after sweep of Previous Day Low with a scalp as first entry, then scale in from 15m bullish Order Block and weekly candle close level. This should be interesting.
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...
Testing my Smart Money Concepts Swing Trading Strategy 1 of 4. using New York Killzone reversal as entry from 4h order block/demand zone.