Very clean entry -- They really do this at the most unexpected times to get you. I PROMISE YOU HALF the people on that sell was holding the trade and very few people took partials/profits. (GREED) Market wanted all those positions... Promise you there were MANY buy limits at that 0.618 zone as well because people wanted to see it hold there and find resistance to sell off once more..
Will post below Lower time frame chart which I cant post when I publish the Idea (has to be 15M or higher)
Will post below Lower time frame chart which I cant post when I publish the Idea (has to be 15M or higher)
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HTF Chart bias -
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So above I have scenarios that could potentially happen. I took the chart pattern of the previous couple months that resembled the current trend we are experiencing now and it gave me this when I lined it up with current price action. I would like to see 3800 taken before we get a move lower to 3400 where I was expecting the market to come.. There are no other lows on this current contract month -
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We are currently inside a Daily Orderblock which I believe to be a breaker as well as inside that FVG and that is 50% of the current daily trend we are in.
I do see a Volume Imbalance above where it says DVI :
Ideally I would like to see Price take the highs from the 5th of October. THEN go to 3400.. I don't want to expect this low to hold in such a chaotic economic environment that we are in. So I am being open to all ideas, But I do like the way we rejected from that 3500 level.
I do see a Volume Imbalance above where it says DVI :
Ideally I would like to see Price take the highs from the 5th of October. THEN go to 3400.. I don't want to expect this low to hold in such a chaotic economic environment that we are in. So I am being open to all ideas, But I do like the way we rejected from that 3500 level.
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2H CHART -
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Currently inside of a Daily FVG -- rejected 50% -- also rejected 50% of the 4H FVG as well (CE - CONSEQUENT ENCHOACHMENT) -- If you don't know what that is, it is an ICT term - Here is his Youtube link: www.youtube.com/c/InnerCircleTrader
We are also rejecting that breaker -- So I wanna see what we get -- ICT did just tweet this: twitter.com/I_Am_The.../1580887944117727232
Which TO ME .. seems like he is pointing to a Balanced Price range -- I personally do not think price will go any lower YET.. but lets see what happens and what we get next week.
We are also rejecting that breaker -- So I wanna see what we get -- ICT did just tweet this: twitter.com/I_Am_The.../1580887944117727232
Which TO ME .. seems like he is pointing to a Balanced Price range -- I personally do not think price will go any lower YET.. but lets see what happens and what we get next week.
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Beautiful buy -- Actually entered this on a funded account which was really nice to see playout. The picture above is 2H chart --
1H:
45M:
30M:
15M:
( 0.618 FIB + gap was already filled (support) + balanced Price Range)
1H:
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-- Decided to not let greed get me and take my trade out with my profits -- I made alot of money on this one trade and there is no need to milk it any more.
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I see a potential selloff here so we will see -- Something is nudging me
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Despite having caught the low I had already taken most of my trade off the table when we took those 3 highs from that consolidation range that was tapping into the rejected OB (purple zone) -- I wanted to start this week with a fresh set of eyes and new bias.. not hold on to my current trade/idea. Will assess markets tomorrow during NY Open time.
Despite having caught the low I had already taken most of my trade off the table when we took those 3 highs from that consolidation range that was tapping into the rejected OB (purple zone) -- I wanted to start this week with a fresh set of eyes and new bias.. not hold on to my current trade/idea. Will assess markets tomorrow during NY Open time.
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I closed because we reached and filled the daily FVG above.. and I realize as well we created one below near the 3700 level and we also moved up a lot extremely fast (hence the volume imbalance) which leads me to believe the market will have to reprice lower to discount prices in order to get/take liquidity to push markets higher.. I believe they still want to get above that previous high -- It is also possible we just hold here tho and take those equal lows.. Which is another scenario I was looking at -- I entered this trade AT THE WICK. If I could do it, so can anyone else have.. Leading me to think that there is lots of liquidity down there -- not just from current trades of course but as well as from years ago SO JUST KEEP THAT IN MIND.
It would line up with the 50% of the DVI as well as the 0.382 fib as support to take that previous high BEFORE lower prices to 3400...
I am going mainly with the LONGTERM bearish bias due to the fact we are already in that bearish trend.. I would like to see that previous high taken but if we are to CONTINUE to be bearish and take that current low then as we reach that area of resistance (orange) I would like to see immediate rejection and or price at least holding there for a long time as well -- however that could mean that 'building liquidity both ways, so always wait for 2 BOS lower + other confluences before entering your trade.
It would line up with the 50% of the DVI as well as the 0.382 fib as support to take that previous high BEFORE lower prices to 3400...
I am going mainly with the LONGTERM bearish bias due to the fact we are already in that bearish trend.. I would like to see that previous high taken but if we are to CONTINUE to be bearish and take that current low then as we reach that area of resistance (orange) I would like to see immediate rejection and or price at least holding there for a long time as well -- however that could mean that 'building liquidity both ways, so always wait for 2 BOS lower + other confluences before entering your trade.
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I wanted to get a retracement lower -- But maybe we will get it later this afternoon and Tuesday creates the low of the week at that DVI?
Just theories my brain processes to create bias..
We rallied extremely fast -- Definitely coming to take 3820 highs like my bias here.
I did get out of my live trade unfortunately due to the fact I just had a remainder lot left and I wanted to take it, could've profited more from it but you can't milk everything and greed is usually what eats away our profits.
I wanted to get a retracement lower -- But maybe we will get it later this afternoon and Tuesday creates the low of the week at that DVI?
Just theories my brain processes to create bias..
We rallied extremely fast -- Definitely coming to take 3820 highs like my bias here.
I did get out of my live trade unfortunately due to the fact I just had a remainder lot left and I wanted to take it, could've profited more from it but you can't milk everything and greed is usually what eats away our profits.
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tapped back into DVI as expected to take out early buyers. My theory is we are bullish, however I do think it will be choppy and lots of fast moves back and forth so I will be sticking to 2:1 3:1 RR to quickly get in and out of markets and take my money. Ideally with 1-2 entries MAX per day.
tapped back into DVI as expected to take out early buyers. My theory is we are bullish, however I do think it will be choppy and lots of fast moves back and forth so I will be sticking to 2:1 3:1 RR to quickly get in and out of markets and take my money. Ideally with 1-2 entries MAX per day.
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Targetting that last high at 3820 to that orange line possibly. To then come and target the lows. So do not mistake me saying I am currently bullish to mean I am LONG TERM bullish. I AM NOT. I am long term bearish, I just think this is occuring to take out BSL from everyone who sold in anticipation of the recession.
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-- To perfection... I wanna see if we reject here ...