Good afternoon gold gang! I thought i would jump on here with an educational piece on how i trade using engulfing candles along with my algo levels Whenever you get a big push in the markets, this may be a news item or simply a market open, we normally see a candle being "engulfed" .. now this means that the candle closed bigger than the previous .. imagine it...
Good Afternoon everyone, I will show in depth order entries in this post, read the updates to see. This idea was formed last night around 10PM NY Time. I originally was hoping to trade up into the most recent Order Block (green path arrow) during the London session and end at the Terminus -4 around 8:00AM NY time. I then would've liked to see accumulations...
TGIF is a framework coined by Inner Circle Trader (ICT). It is a Friday setup most common in the New York session after all red news is reported. Throughout the week, SPX500's price was steadily growing. This is essential for the setup, as we want to short from the High under the expectation that the market won't close at or near its maximum price. On Friday,...
Hello, TradingView community! One of the foundational elements of technical analysis is the concept of 'Support and Resistance'. Whether you're trading BTCUSD, Gold, or any other instrument, these principles remain consistent. Let's dive in! 1. What are Support and Resistance? Support is a price level where a downtrend can be expected to pause due to a...
For a trader that trades GBPUSD like me, it is important to analyze the direction of TVC:DXY because TVC:DXY is negatively correlated with $GBPUSD. Knowing the direction of DXY is an additional confluence in trading $GBPUSD. Here is how I analyze TVC:DXY direction. Today's TVC:DXY direction analysis. - DXY is showing a downtrend move. - It took the...
Whatever you trade… A successful trader minimises these risks by asking and answering a series of vital questions. This will help you ensure a clear strategy, an understanding of the market, and a control of emotions. Let’s dive into these questions. Q 1. Has a Trade Lined Up? Identifying a potential trade is the first step. Look for trends, chart patterns,...
The only constant with the financial markets is… Change The market is constantly changing in a way that it’s brining: New demand New supply New volume and fresh changes in the complex algorithms. If you want to thrive you need to learn to learn to adapt, evolve and grow with the markets. I want to cover four elements to today’s topic. The Inevitability of...
Look at the Us30, GBPUSD and EURUSD charts attached to this post, what do you see???? GBPUSD Do you see a shift in market structure or Liquidity grab by smart money algorithm? In financial market trading, one key to determine where the liquidity that the market will run next is located is to ask yourself who are those making money from the current...
It’s taking the world by a storm. Smart Money Concepts is what has become famous lately. Now I’ve been trading for 20 years and even I have learnt to adapt and adjust SMC to my trading strategy. I guess we have to evolve and adapt with what there is. Anyways, today I’ve written a complete Glossary on Smart Money Concepts terms for you. Enjoy! SMART MONEY...
Have you noticed? That most successful traders, engage in some type of regular physical exercise. And on their social channels they are either talking on the treadmill or they’re talking about their supplements they’re taking before they hit the gym. And it makes you wonder. Is gymming a prerequisite to trade well and successfully? I mean, do we have to gym...
In the frenzied world of financial trading. It gets to a stage eventually where we will hesitate to take the trade. Even though you have the plan, strategy and mindset to a T. Something could trigger you to not take the trade. So why does this happen? There are a multitude of reasons, but here are four reasons you might not take the trade. Reason #1: Market...
Check out this 7.32RR trade I took today on GBPUSD. OANDA:GBPUSD Trade Process: Daily is bullish with FVG serving as draw on liquidity. 1HR: Took out Sellside liquidity left with BuySide liquidity to take out. 15M: London Session open took out 15M sellside liquidity with high probability of taking out Buyside liquidity. Entry: I used my fib to locate...
The examples occurred in a range from 2.5.23 to Today They may not be absolutely correct (although I think they are). Instead, this is how I build my "example book". There will be more posts like this from other pairs.
In this video, we examine the DXY (King Dollar) and I explain why I think we're looking at a risk-on week for the remainder of the week.
In this edition, I tell you the products I'm looking for sellside coming into NY AM. I am not super confident on my read on price right now.
In this edition, I'm tape reading going into the NY PM Session.
In this video, I follow up on ICT Tape Reading Practice 3 coming into the NY AM Session on Friday, June 23, 2023.
The realm of finance is replete with a plethora of phrases and terminology, and among the most prevalent is the notion of "smart money." This term commonly alludes to seasoned traders who possess access to a wealth of information and knowledge beyond the reach of novice traders or individual investors. Within the domain of cryptocurrency, the concept of smart...