Icarus_FX

Icarus_FX

Friday saw price trading into a buyside volume imbalance from the previous day, inside the value area (Market Profile) as well - Notice the touch on the PoC too. Trade was executed with a target of the next sellside imbalance above. Volume Imbalances are tracked using pound futures data via CME.

Icarus_FX

London Session - Cash Open - Displacement to High Liquidity Area (HLA) marked in blue with a liquidity gap. Trade was a long position from the HLA to fill the range US Session - Cash Open - False breakout with market structure break (orange lines). Trade was a short position when the market retraced into the HLA (in blue area), coincident with a 62% retracement of...

Icarus_FX

Today's London Session trading based on a move to grab liquidity below VWAP at 1.2230 levels. - 5:45, an HVN (High Volume Node) with the previous day vwap area. - 7:30, bounces on vwap - with VPOC below. - 8:15 , liquidity gets taken from the HVN. - 9:15, 9:50, liquidity gets taken at discount prices. -10:25 , structure broken to the upside ( goes above 9:50...

Icarus_FX Updated 

Today's trade on the pound was based on a short daily bias. Asian Session saw price moving towards yesterday's high. A short position was taken during London Session considering 1) a 70% retracement on the typical protraction that occurs when London opens 2) that we were touching once again the upper liquidity base after yesterday's liquidity purge on 1.39.

Icarus_FX

Today's trade on the pound was based on a short daily bias, once liquidity was purged on the buyside around 1.3920 early in the London Opening. Touching the base around 1.3940 was considered a sell after the purge.

Icarus_FX

Trade executed during London Session. As price breaks market structure, dropping below the early morning consolidation, a short is in place when the range is retested with a target on the next liquidity base. You can find me in twitter (@Icarus_fx) for more