EURUSD
April 8 Trade Executed
Analysis coming into the Asia session
*Price in discount previous session and recent range
*Previous session Price takes sell stops in NY am session comes back down again at 16:00
*Price closes NY in a small consolidation cycle
*Expect an expansion in Asia
*Asia could come to the 50 level
*cross referencing DXY discerning it was in a Premium and likely to seek lower to its 50 level
Model factors met to take the trade
*Liquidity was taken and tested again
*In a deep discount price will want to seek the equilibrium level
*On smaller timeframes price
*18:00 price makes a swing high
*Price comes into a FVG twice to test and then creates a FVG energetically moving to buy side
*20:00 open of Asia creates a large displacement candle
*20:09 inside the 20 macro I entered
*22:40 I exited at the 50 level
i had the equal highs as a target, however what I focusing now is low stress in and out trade model repeatable
I also wanted to practice my greed wanting more and controlling that need for a clean trade!
My model consists of many blending of ICT SMC and this 1 trade model I am back testing is when price is in those deep discounts/premiums at the .79 with liquidity taken HTF target and coming out of a consolidation cycle its getting clearer to see that the 50-equilibrium level is a logic trade.
The value of knowing what cycle price is in, is so important along with premium/discount and PD array.
Very happy after weeks and weeks of not trusting my analysis and so much discernment, today marks the foundation I can take forward to continuing my back testing this model for consistency in prep for my funded account challenge.
Excited to back test 1 model now that I think I m getting it. So cool.
April 8 Trade Executed
Analysis coming into the Asia session
*Price in discount previous session and recent range
*Previous session Price takes sell stops in NY am session comes back down again at 16:00
*Price closes NY in a small consolidation cycle
*Expect an expansion in Asia
*Asia could come to the 50 level
*cross referencing DXY discerning it was in a Premium and likely to seek lower to its 50 level
Model factors met to take the trade
*Liquidity was taken and tested again
*In a deep discount price will want to seek the equilibrium level
*On smaller timeframes price
*18:00 price makes a swing high
*Price comes into a FVG twice to test and then creates a FVG energetically moving to buy side
*20:00 open of Asia creates a large displacement candle
*20:09 inside the 20 macro I entered
*22:40 I exited at the 50 level
i had the equal highs as a target, however what I focusing now is low stress in and out trade model repeatable
I also wanted to practice my greed wanting more and controlling that need for a clean trade!
My model consists of many blending of ICT SMC and this 1 trade model I am back testing is when price is in those deep discounts/premiums at the .79 with liquidity taken HTF target and coming out of a consolidation cycle its getting clearer to see that the 50-equilibrium level is a logic trade.
The value of knowing what cycle price is in, is so important along with premium/discount and PD array.
Very happy after weeks and weeks of not trusting my analysis and so much discernment, today marks the foundation I can take forward to continuing my back testing this model for consistency in prep for my funded account challenge.
Excited to back test 1 model now that I think I m getting it. So cool.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.