OTE entry on GBP/USD - NY Killzone ICT concepts, ICT traders
Having looked this over, and noticed many things of course in hindsight, I thought I would share this take on price action, with hopes it can assist someone with a different perspective on the markets, One that I believe has helped me, Taking a look at price action with the underlying presupposition that the market is booked on liquidity, where big moves can collect liquidity to bank and accumulate.
It is always worth taking a step back from any trade and looking in the eyes of retail and smart money, Both of which can be seen here, View the moves on liquidity as SM ( Look at how the "RESPECTED SUPPORT LEVEL" was 1. Respected and then 2. Blown out
( resting liquidity IE Retail stop loss orders taken ) Secondly look at displacement of sideways trend directly into resting higher time frame liquidity.
To understand what ( I believe) is happening when smart money move a market, the only thing you need to be aware of is, Moving onto liquidity.
I feel like this is easy to summarise by simply saying, Look at this as "us vs them" Retail traders are seeing patterns and support, Smart money are moving into liquidity around these suspected areas.
The approach to take, In my opinion is to watch the us vs them battle occur, and ride the wave.
This trade wasn't the greatest, But it was a 3-1 Yield with stops rolled to break even in 1 hour, and if you always look where resting liquidity lies, you will have a good idea about stops and targets.
It is always worth taking a step back from any trade and looking in the eyes of retail and smart money, Both of which can be seen here, View the moves on liquidity as SM ( Look at how the "RESPECTED SUPPORT LEVEL" was 1. Respected and then 2. Blown out
( resting liquidity IE Retail stop loss orders taken ) Secondly look at displacement of sideways trend directly into resting higher time frame liquidity.
To understand what ( I believe) is happening when smart money move a market, the only thing you need to be aware of is, Moving onto liquidity.
I feel like this is easy to summarise by simply saying, Look at this as "us vs them" Retail traders are seeing patterns and support, Smart money are moving into liquidity around these suspected areas.
The approach to take, In my opinion is to watch the us vs them battle occur, and ride the wave.
This trade wasn't the greatest, But it was a 3-1 Yield with stops rolled to break even in 1 hour, and if you always look where resting liquidity lies, you will have a good idea about stops and targets.