Still overall bearish, but if we could clear Fridays lows, we could possibly get a scalp in on the retracement to 50% of the fib off Fridays drop. The bigger move however would be the short. There's close liquidity to the sell side on the HTF (Daily).
What a week we just had! Friday we saw aggressive broad selling all the way into the close. The NDX is once again just flopping around in this multi-week range - while The Dow is meaningfully breaking down. For indexes - I will be focusing on the Dow this week. The DJI has been super clean lately and is the only index really making the sizeable moves as...
Bearish on Index Futures. - SMT at previous month's high. - Inversion on daily timeframe. - Monthly BISI as draw on Dow. - ES/NQ lagging behind, expecting a run for previous month's low.
Over all a bearish channel, last 2 candles - Current Bearish and last one Bullish candle.
Over all in downward channel, last 2 candles are Bullish and making lower lows. Can bounce off lower channel, however over all trend is lower low.
Downward channel since last 2 weeks. Last 2 candles - Last Bearish and current candle is Bullish and making lower lows.
Here is a short video on my key price action concepts which enable me to build a picture of what is happening and what side of the market I should be on. I like to use Anchors to a trend and key levels to build the trades on a 5min and then use the 1min charts for the entries. Enjoy the ramblings !!! The basic concepts discussed are : - Anchors - Price...
Well, as you can see Dow Jones in the daily chart swept the liquidity and created a new all-time high, then had a bearish reaction and shiffed the market structure as well. after that, the price had a retracement from a bullish FVG to a bearish breaker block and continued to the sell side. For now, there are two different bearish scenarios which I follow the...
Over all in downward channel, but in sideways to bullish price action.
Downward channel since last 2 weeks. Last 2 candles - bearish and current one is bullish. Side ways for last few days, in the overall bearish channel.
Ranging/sideways channel and last 2 candles are bullish. May break the channel to the upside or reverse back with range bound action.
Over all in downward channel, last 2 candles are bullish and may go up to touch the top of the channel with bullish candle.
Daily analysis. Downward channel since last 2 weeks. Last 2 candles bullish and may go up to touch the top of the channel.
The idea of this trade a counter trend using ICT concept. US30 provide a bullish run during the London session and retraced back to the OTE area prior to US market Open. Load a buy entry at 0.618 Retracement with a bullish candle stick engulfing
After Bottom of asia session is broken and BOS is present, we are targeting the ASIA high, from iFVG.
Due to a delayed upload, my bias is neutral for the duration of the week. Initially, i was looking out for the weekly order block to be attacked, which occured before continuing it's downwards projection to the weekly sellside liquidity @ 37,675. In my last YMM post, i stated that YM could front run the index markets and thats exactly what we saw. But this does...
Welcome to our discussion on the three vital aspects of a trade: Entry, Risk Management, and Exit. Mastering these components is crucial for successful trading. Let's delve into each aspect, understanding their significance and how they contribute to your trading strategy. Entry: The entry point marks the initiation of a trade. While it may seem straightforward,...