$BNB - Hints At Bullish Reversal - Shapes mean nothing *Smart $"*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges, trendlines, channels, harmonics, etc. has any effect on how price reacts. I'm Sorry but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? Nah, it remembers price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equasl Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
As for the BNBUSD chart, It seems as if the current state of the chart has fulfilled a 4-hour fair value gap. It has created sell-side liquidity to attack which is why I believe it will go lower towards equal lows. Additionally, if y9u put a Fib on it, The "Discounted" area doesn't begin until gets below the equal lows. I personally have an entry at the median of hourly Bullish Order Block which is about 358-359. However, it could easily get into and fill the 4 hour fair value gap which is the yellow rectangle area between 345 and 354. After that I see more consolidation and eventually the run-ups to fill gaps and voids like the area near 378-385 up to a bearish order block at 454. Just my two cents, we shall see what the chart pushers want to do with that chart.
I personally shorted it at 374 and currently at 371.42. Crossing my fingers it goes as planned
Good luck traders :)
Ictorderblock
THE ICT BREAKER!hello, so you want a model that will get you profits? LOOK NO FURTHER!!!!
this is the ICT BREAKER, this mode (and other confluences) is ALL, YOU, NEED.
if you confluence the BREAKER with...
- BMS
- OTE
- PREM /DISC RANGE
- INTERNAL LIQUIDITY
WHAT. MORE. COULD. YOU. WANT.
what is labelled, as the purple box, THAT IS YOUR BREAKER BLOCK, YOU TRADE IN HERE WITH THE RIGHT FRAMEWORK AND CONFLUENCES.
ICT IMBALANCE / FVG / LIQUIDITY VOIDLiquidity void, Fair Value Gap, Imbalance... These terms are interchangeable.
As a Charter Member ill tell you what I've shown here, is a basic depiction, as I got asked a question on what is an imbalance?
An imbalance, is an imbalance in price, where price has NOT efficiently delivered orders in the market, price will like to revisit these areas, of imbalance, as seen here. The diagram on the left depicts the ideal model of what an imbalance is, the chart on the right is an in time example.
if you notice one of these getting filled, at a place where you are bearish/bullish... well.... there is your trade!
ICT BREAKER SETUPhello, so you want a model that will get you profits? LOOK NO FURTHER!!!!
this is the ICT BREAKER, this mode (and other confluences) is ALL, YOU, NEED.
if you confluence the BREAKER with...
- BMS
- OTE
- PREM/DISC RANGE
- INTERNAL LIQUIDITY
WHAT. MORE. COULD. YOU. WANT.
what is labelled, as the purple box, THAT IS YOUR BREAKER BLOCK, YOU TRADE IN HERE WITH THE RIGHT FRAMEWORK AND CONFLUENCES.
Notes of $MNQ_F 3/22 #ICT for reference 9.6:1 R/R tradeHere is now my annotated chart of $MNQ_F from 3/22 with some extra descriptions. Can only share the 15min chart here, so can' go into a lower timeframe like the 5min one on public TV ideas.
There is a 60min FVG right before market open from Overnight session 3:00AM -> 5:00AM, the grey box.
The little red triangle on the 5:00AM candle is an ITH (also “King High”, “Key High”), which is violated to the upside from the 9:00 candle (marked that with a 💡).
That is our Imbalance! = Bullish Market Structure Shift (MSS) Now we can start to dig deeper into lower time frames.
This info from here is all in the ICT videos Episode 1-5 and 12/13.
The 5min Orderblock in purple is from the lower timeframe (I cannot show this here), that is not visible in the 15min. But you could have also chosen the last red down-close candle as an entry signal on the 15min chart.
The usage of these Fib levels is shown in ICT Episode 12 for reference.
The big grey zone is the 60min FVG from above, everything else mentioned above is also there.
Red Triangle
Red 💡 for marking the Bullish MSS
Orderblock purple zone
Additonal 5min FVG, not needed
As we know from the videos, Orderblocks are the real trigger.
I don’t think I need to write more about the entry trigger, price drops into the 5min Orderblock and 🧨 explodes up.
Now, remember the Market Structure Levels from the 15min chart, they are also shown here. ICT talks about a -1.5 as profit level as ideal (Watch Episode 12! :-) ) and now watch where price trades into. 👀
Entry is right at the top of the 5min Orderblock (Watch Episode 12!), Stop gets right below the Orderblock. Profit targets up to the -1.5 level.
9.61:1 Risk/Reward -> 278 handles long, even on $MNQ this would be $556/contract, with 29 handles risk. Crazy and precise!
OTE entry on GBP/USD - NY Killzone ICT concepts, ICT tradersHaving looked this over, and noticed many things of course in hindsight, I thought I would share this take on price action, with hopes it can assist someone with a different perspective on the markets, One that I believe has helped me, Taking a look at price action with the underlying presupposition that the market is booked on liquidity, where big moves can collect liquidity to bank and accumulate.
It is always worth taking a step back from any trade and looking in the eyes of retail and smart money, Both of which can be seen here, View the moves on liquidity as SM ( Look at how the "RESPECTED SUPPORT LEVEL" was 1. Respected and then 2. Blown out
( resting liquidity IE Retail stop loss orders taken ) Secondly look at displacement of sideways trend directly into resting higher time frame liquidity.
To understand what ( I believe) is happening when smart money move a market, the only thing you need to be aware of is, Moving onto liquidity.
I feel like this is easy to summarise by simply saying, Look at this as "us vs them" Retail traders are seeing patterns and support, Smart money are moving into liquidity around these suspected areas.
The approach to take, In my opinion is to watch the us vs them battle occur, and ride the wave.
This trade wasn't the greatest, But it was a 3-1 Yield with stops rolled to break even in 1 hour, and if you always look where resting liquidity lies, you will have a good idea about stops and targets.
$BTC - Hits Bu;llish Order Bloc- Fills FVG or Bearish OB *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
Bitcoin falls to the Daily Bullish orde Block. Which is where is Have my first entrance at 39150 ( Altghough I enterted around 38,700, there's a possibility it could drop to the median of the bullish order block near $38,440. I have a sewcond entrance setup near hear. The first take profit will be to fill the daily fair value gap Premium which is at $41811.00 the second take profit is at the bearish orde block at $42,850. If both are successful I will leave a 5% traier to see if it the current high at $45,500. There are approximaterly equal highs in this arera which means this is a high liquidity area which the price should attack.
We are still in a Bullish BTC chart due to current price action (higher highs, no closing lower lows) This should be an easy play, but we shall see.
What is an Order Block? 🎯Why are order blocks formed?
Order blocks are created when a breakout move doesn't go to plan.
If banks get caught in a fake breakout move, they aren't going to sit and cry about it.
They are going to push the price back up/down so that they can close out of their negative positions to join the correct side of the market.
Stop using order blocks that have no logic, widen your chart perspective.