Inflation and rate rise concerns continued to pressure US indexes lower and Bond Yields higher. Watch the video for a more detailed breakdown on my Macro picture and key levels I am watching in major markets. Thanks for watching and please take some time to check out the website.
A little scalp in the market on a Monday for a 2:1 R-multiple. I am not risking more than a percent given it's Monday and price did not dig into the price zones I was expecting, I demand my price. The setup in NY open is a Turtle soup and OTE setup. No USD news High or Medium today.
This is just to motivate myself to trust the process. Pure price action using the right tools to dissect the market is key.
My weekly setup for the 30 yr Bonds panned out. Although price didn't dip into the PD Array I was eyeing but I was quick to recognize the setup when it happened and that was the way price reacted to a short term low (previous day's NY session low). A Turtle soup buy setup and 5 OTE setups were available an hour after NFP release. Key take away: Wait for the OTE...
ZB was clearly Bullish based on the Daily bias. I was trying to sell today in NY and my position got stopped out. ZB had a Daily sell side liquidity and formed a Bullish market structure shift on Monday but stalled till the next day, moved in Asia but I am inactive during that time. NY open Tuesday formed a Bullish OTE, and today price hit the Relative Equal...
Price did not go as I planned. My mistake was not adjusting my analysis to what price action was presenting through out the week from Mon to Wed. The only instrument to do what I projected were the Bonds.
HTD Dollar looks like Bullish Setup, aiming for the Old Daily swing Highs, while US Equities is at overbought condition and possible SMT Divergence with Dow showing unwillingness to go higher while SP500 and NAS move higher. The Bonds are not really clear but I would say it's Bullish if I was told to walk the plank or project the Bonds. No high impact news on...
My bias on US Equities is Bearish pre-news release. I read in Price action 1. Bearish Shift 2. OTE Looking for OTE short setups at the news release and 5-30 mins after.
Awesome to see the setup pan out. Price action is the same on all class assets. Liquidity, Break in structure, OTE pattern recognition that's it! ICT OTE Series is how I learned this stuff for free.
When price is willing to go long from a key support area there are 3 signals to look out for 1. Wait for a lower low to form 2. Wait for price to take out the latest high 3. Then enter on the retest of the high candle placing stop loss below the very low that took out the that high. If there is Divergence between its correlated class asset that should give more...
Old low taken out Break in structure OTE Bullish Simple 3 steps
It's Thursday and my position on ZB for a buy was knocked out and price proceeded to take out the Friday High I was targeting, late in NY session. Today I saw the plan was still in play even with Friday High out there is still a pool of liquidity above which is my 2nd target. Right in NY Open I saw an opportunity to ride the train using the H4 ICT Bullish Orderblock.
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.
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...