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.
Interesting how my plans over the weekend got executed to script except Friday's high wasn't raided. I expect the highs to be cleared on Wednesday or Thursday. Tuesday move was a false breakout and a Bullish Break in Structure and the NY Open right after 8:30 am Est was an OTE long of the Bullish OB. I want to see those highs violated with high velocity before the...
When an asset is expected to be Bullish, during the respective session, price should reject lows and have a quick response to the ICT Bearish Orderblock and vice versa for a Bearish scenario. Keep learning.
IPDA's Mode: Bearish Reason: Buy stops raided and Bearish Break in Market Structure in London IPDA's Objective: Sell Side LQ Time of entry: London Close Killzone Entry style: OTE
Using OTE to take the US Equities long.
Applying the pure price action concept on NQ on a Friday. This tool is powerful when you submit to it and stop fighting it.
If you were trying to figure how you could trade Gold today, I point out the tools I use if I was considering gold sell. Look left to be right. I saw what London did in Price Action and used that information to assess Gold's trade in NY. Stay patient and take your trades at logical price levels.
I show my analysis on some trading assets and why I would take the trade if the setups align. I also talk about my psychology, behaviors I need to get rid of and how I can improve mentally as a trader because 80% of trading is psychology. Show up everyday early to be prepared and get your thoughts together, if price aligns with your idea and you find confirmation...
I still project the Dollar as Bearish, I spotted an SMT Divergence on the H4 of the Dollar vs USDJPY and hence gave me confidence in shorting the UJ pair at a logical price. (All concepts I use in my analysis are based on ICT Free YouTube tutorials and months of backtesting.)
Looking to sell the equities and buying the bonds. There is an SMT Divergence among the Bonds, hence my bias to short NQ. Also a between ES, NQ and DOW there was SMT Divergence that signal a possible sell.
The state of ES in my view is overbought. With the Dollar declining that gives a sign that the Bonds are rallying, therefore the US Equities look to decline.
Just showing off ICT Concept. I am looking at ES retracing back to the Weekly Bearish Orderblock.
Same instrument different levels of risk permitted. That can make or break a trader by over leveraging an account, and not applying proper risk management. Able to risk 2% or less and the ability to scale in for more profit without having to compromise your risk percentage is the key advantage in a forex platform. I was able to enter the same trade on a forex...
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...
Be mindful of losses they always happen and it is inevitable. I took an L even when I had the opportunity to be profitable for the day. Lesson learned I don't necessarily have wait for price to hit my level, the most important thing is to make sure your account is positive for the day and don't trade past the normal time for your setups, which are in the ICT killzones.
Based on price action I project the US Equities to trade higher to Institutional price levels, with Powell's speech approaching the market might unseat long holders and move higher or just sweep the lows and go deeper in to the Weekly Bullish Order Block for a discount price. I use the ICT Concept to make my decisions on buying the NQ and ES.
ES is at an all time high right now and there's no reference to to the left but the institutional price levels round numbers and 50 figures. There reference points to look to buy at discount and that was the Daily Bullish Order Block. I was expecting price to deep lower into the Order Block but that was me imposing my will on the market and that cost me a lot even...