OrcChieftain

OrcChieftain Updated 

GBPNZD filled yesterday its last visible Daily Fair Value Gap. GBPNZD also held strong about the newest visible New Week Opening Gap (which is not that new, but still within the expiration window of 6 weeks). I think it is also below a level that could be considered "liquidity" to a certain extend and there are many bounces in the area from where the price was...

OrcChieftain Updated 

The February Payroll candle was fully retraced. Liquidity is taken on the bottom (Monday) and the price continues higher (Tuesday ->) In January, the price continued lower against the direction of Payroll price action. It created Low on Monday and continued towards its High clearing it on the last day of the week (Friday). December Payroll price...

OrcChieftain

On the daily chart, we are near the equilibrium of the last 4 months, lurking just below the Fair Value Gap from 30/11/23. I think that if the price goes higher, it is likely to come back for this nice liquidity of three equal 4H Lows giving a good short opportunity. Else, if the price goes lower first and takes this level out, it may be viable to buy as...

OrcChieftain

AUDUSD experienced a stellar growth over Wednesday and Thursday creating daily FVG. Just in the middle of it, there lies NWOG from the last Week of February. Based on study of post Non-Farm Payrolls here and also on other symbols, I think that first this critical area of inside liquidity will be filled; An area between two NWOGs is called Event Horizon. Crossing...

OrcChieftain

In October, Payroll candle range is wide. Price fills Fair Value Gap created post-NFP and moves Higher towards the level of high institutional resistance placed in on 26-09-2023. From there, it gaps and almost revisits the bottom within the same week. November: The price continues higher on Monday but fully retraces the range before the end of the week. ...

OrcChieftain Updated 

The oil price supported by voluntary cuts reached the last year's November equal tops. Throughout all of January, it was either growing or moving sideways on the Daily chart. I think the first week of March will search an inside liquidity in the form of the recent Fair Value Gap (purple) before it continues upwards.

OrcChieftain Updated 

GBPUSD broke today out of 3 consecutive inside candles as documented by the chart below. This means that downside liquidity is now cleared and I think the topside is about to be seized now. I entered on LTF on FVG and identified a first target where I plan to close 25% before and let the rest run until the whole series of inside candles is broken to the...

OrcChieftain

TGIF is a framework coined by Inner Circle Trader (ICT). It is a Friday setup most common in the New York session after all red news is reported. Throughout the week, SPX500's price was steadily growing. This is essential for the setup, as we want to short from the High under the expectation that the market won't close at or near its maximum price. On Friday,...

OrcChieftain

It seems setup for a good short. After an explosive fall, the correction that may have ended on Monday, woz pretty weak. I am looking for a short entry setup such as Judas Swing or Silver Bullet.

OrcChieftain

Looks like EURCHF has a recent double Equal Highs in place. Today, it went below the last significant Low which may have been just a stophunt. If there is some form of fractal change of character, I will be very confident that we will hit Equal Highs before breaching the Invalidation Level and continuing lower. I marked "Nearest Structure". After we get above...

OrcChieftain Updated 

WAAAAAGH! I identified run-on stops above the current price. It's fairly recent & and I don't believe we need to approach it again. On the downside, there is a Daily Equal Lows area. The latter Low is a couple of pips lower than the earlier Low which goes slightly against the analysis; But EURUSD, a highly correlating pair, has its own Daily Equal Lows area...

OrcChieftain

The price reacted to 0.85 with high resolution, but not before taking all potential stop orders around the area. We are on da way towards .86 where lies what seems to be a Breaker also acting as a Rejection Block. This block was part of the last top-side stophunt. Hence, there is no reason to go higher again. Potential Target can be identified clearly from...

OrcChieftain

They may not be absolutely correct (although I think they are). Instead, this is how I build my "example book". All are selected between January and Today, but the setup is more frequent than that. These are picked! There will be more posts like this from other pairs.

OrcChieftain Updated 

SPCE is an interesting stock. For what it is it is able to generate massive hypes. I was trading it back around when they went to "space" for the first time. I think 4.0 will be good as a technical level for a short term bounce.

OrcChieftain

The examples occurred in a range from 2.5.23 to Today They may not be absolutely correct (although I think they are). Instead, this is how I build my "example book". There will be more posts like this from other pairs.

OrcChieftain

I will most likely short AUDCAD today again. Not only that Oil seems to be awoken now (correlation with CAD), but there is a very good Fair Value Gap defined form the previous day.

OrcChieftain

These are notes from the original ICT Mentorship 2023 Educational Video. I picked my own example here.

OrcChieftain

Netflix has traded into the 400$ price level and immediately reacted. This is a historical resistance and is likely to trigger temporary drawbacks. I would hold for a couple of days at most. This is otherwise a relatively legit company.