I redrew the fib to include the explosive move that would be the bottom of the fib to be the final little resting place before it broke the daily highs. This time the 70.5% retracement level is on target with a bullish order block. This scenario seems a bit safer than my first call. But either (or both) are highly likely in my eyes. The rest of the analysis...
If you study any of ICT's work you can see why this would be called. I just hope it's the correct one. Buy-side bias with highs to attack. A large gap to fall back to for the buy at a break / order block. And the price action should do the rest of the work.
Trade setup There are trapped traders on both sides of price above monthly highs & lows for TBonds ZB1! on 4H timeframe. When price comes back to either of these zones - these trapped traders will want to exit - giving us an exit! Risk management 1) Reduce 50% at 1R => Trade becomes risk free 2) Reduce further 25% at 2R AND move SL to break-even 3) Close...
The picture is pretty self descriptive. The next daily bias seems to be heading toward the direction of selling. There are many daily lows stacked up ready to be broken as well as an equal low setup just prior to the previous daily lows. I think during the Asian session we'll see Cable range but create equal highs and lows that it will want to break to creating a...
Detailed backtest results - prnt.sc - Win/Loss ratio : 186% - Non losers : 70% - Net R : 15.75 R across 23 trades - Avg R / winner = 1.21 - Avg R / trade = 0.68 NOTE : DXY correlation was not used in this backtest Icons on the chart - Thumbs up : Trade was a win - Thumbs down : Trade was a loss - Circle with a cross : Trade was breakeven - Cross : Did not...
Trade setup DXY (Dollar index) has trapped buyers at the top. When price comes back to this zone, they'd love an exit - giving us a short trade in the process. Risk management 1) Reduce 50% at 1R => Trade becomes risk free 2) Reduce further 25% at 2R AND move SL to break-even 3) Close trade at 3R 4) Winner = 1.75R Strategy Pickup a pair which is highly...
Don't you hate it when you set a sell limit at a high that's close to equal to another one? Well that's because there's liquidity there and the banks want to take you money so it will run through your sell limit. That's why I'm waiting for the pull back to the unmitigated order block in the 15 minute time frame chart, which happens to be sitting around the 61.8%...
I could be completely off as I haven't seen a break in Market Structure as I'm trying to catch it before it happens, not with just this pair but EURUSD AND GBPUSD. I think If AUDUSD does break it before any others than we have a high probability of the rest of them breaking structure. I'm seeing a lot of equal highs and lows and breakers in price action. Which...
When DXY is making higher highs, why is EURUSD breaking the strong correlation and trying to go higher? ==> It's a TRAP for buyers! When price comes back to the marked zone, trapped buyers will exit - giving us a beautiful SHORT trade. Look for the monthly liquidity to get raided as a target! Risk management 1) Reduce 50% at 1R => Trade becomes risk free 2)...
According Wyckoff it appears we have Accumulation Schematic 1 forming. Equal lows where liquidity was resting have already been taken out. Which is where the Spring occurred. So now we just anticipate for the test. A pullback down before price just takes off.
Detailed backtest results - prnt.sc - Win/Loss ratio : 433% - Non losers : 82% - Net R : 19.75 R across 17 trades - Avg R / winner = 1.52 - Avg R / trade = 1.16 Icons on the chart - Thumbs up : Trade was a win - Thumbs down : Trade was a loss - Circle with a cross : Trade was breakeven - Cross : Did not take the trade due to one or more trade qualifiers - Bug...
Detailed backtest results - prnt.sc - Win/Loss ratio : 220% - Non losers : 71% - Net R : 14.25 R across 17 trades - Avg R / winner = 1.3 - Avg R / trade = 0.84 Icons on the chart - Thumbs up : Trade was a win - Thumbs down : Trade was a loss - Circle with a cross : Trade was breakeven - Cross : Did not take the trade due to one or more trade qualifiers - Bug...
There are a whole bunch of trapped traders on both sides of price for SPY500 / Emini futures / ES1! which will want to exit, giving us a trade in opposite direction (yellow zones) Beware of the engineered liquidity zones - which are almost like a candy land for big institutions - where orders are just sitting to be taken! Those zones WILL BE poked poked! (green...
Detailed backtest results - prnt.sc - Win/Loss ratio : 400% - Non losers : 85% - Net R : 12 R across 13 trades - Avg R / winner = 1.5 - Avg R / trade = 0.92 Icons on the chart - Thumbs up : Trade was a win - Thumbs down : Trade was a loss - Circle with a cross : Trade was breakeven - Cross : Did not take the trade due to one or more trade qualifiers - Bug : I...
We are in a bearish MS overall on the higher time frames. And market just broke Market Bullish Market Structure so we can expect an retracement to the recent high. Before price continue selling. So I spotted Accumulation Schematic 1 on the 3 min Timeframe for possible entry.
Detailed backtest results prnt.sc Win/Loss ratio : 700% Non losers : 92% Net R : 11.25 R across 12 trades Avg R / winner = 1.61 Avg R / trade = 0.94 Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to one or more trade qualifiers Bug : I could not...
Detailed backtest results prnt.sc Win/Loss ratio : 300% Net R : 12.75 R across 13 trades Avg R / trade = 0.98 Avg R / winner = 1.42 Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to one or more trade qualifiers Bug : I could not understand how to trade,...
Same as I had earlier this morning. The Asian session solidified my thoughts. Having two positions just in case it retraces deeper than first thought. See related chart for this mornings idea on the pair. Also sometimes you need to break down to the 5 MIN and 1 MIN chart for specific price action movements for these determinations but still using the daily chart...