A general backtest of my strategy on a new pair, this was a risky entry and not one I'd usually take based on my trading plan but it was worth experimenting and deciding whether I'd want to expand my pairs. I will likely not.
Full explanation of entry into a long entry on GJ
Smart money teachings on GBP-USD Catching boths sides of a trade
Smart Money Concepts displayed breaking down DJI from Daily to 4hr chart. LIning up Ideal Optimum trade entries
US Equities NQ, YM and ES show an SMT Divergence in price this Monday morning. I wait for confirmation which is a break in structure then an ICT OTE setup to present for entry. ICT concepts are real. Time and Price theory in display.
As explained in my previous ZB projection for long. It's the right time of the day and I see an ICT OTE pattern to deal from. If my projection is right, price is bullish and therefore it should respect the ICT Bullish Orderblocks. Friday's high is an objective I aim for to see price reach and breach then the next level will be the Liquidity pools on the Higher timeframe.
With multiple high impact CAD news coming at 8:30 am est and 10 am est. I wanted to see the old highs on the H4 blown out 10-20 pips above them. For extra confluence I turned to the Canadian futures to confirm CAD weakness.
I show trade ideas I was anticipating, but some took off without a setup and I missed the initial setups in the US Equities even when the time was ripe. For some reason I said it was outside of the killzone. But the true day ends at 2pm EST. That was an ICT NY Close Killzone. USDCAD behaved properly, EURUSD,GOLD & GBPUSD did a stophunt. But GBPUSD got to the...
I demonstrate on a demo account how I traded the ES using the ICT (by Michael Huddleston) concept in my daily analysis. The concept used were ICT Breakers, Order Blocks, Liquidity purge and revert, and ICT Sell Model. You can find more of is free YouTube course on YouTube.