Get started

Ictorderblock

A 100 pip short based on a support-to-resistance flipFirst of all, this is the ICT Breaker concept from ICT (Inner Circle Trader) on YouTube, all credit goes to him. I've outlined a nice example of this strategy in the chart. I use this a lot and it's really simple to understand and notice once you catch a few of them. I'd love to see you try to find more examples. Feel free to post them in the comments and we can discuss them! Things to look for: - Same concept applies for longs, but inverse. - The candle block you're using must precede a move that takes out a previous swing point (low or high). - If the price does retrace to that block as you expect, but starts consolidating and pushes back into it repeatedly, it could be a sign that it wants to move back through it. The market is sometimes tricky like that. Also, here's a bonus confluence factor - if you pull the fib retrace tool from the top to the bottom of the move, you can see that our block falls right between .62 and .79 fib levels. This is another good indicator to confirm your bias.
Education
by UnknownUnicorn3664665
4
PHX/BTC Optimal retracement for a 25% run explainedWe got a break in the market structure here, and now we have to wait for some retracement to look for a buy. There's a bullish breaker nested between .62 and .705 fib retracements which is a great spot for Phoenix to retrace before attempting to break new highs. This retrace would also fill that small void we left during the pump. Some terms I used here: - Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support. - Void - a fast move in the market in one direction, usually in just a few candles and without any proper retracements during the move. Most of the time after the move is done the price will eventually come back to "fill the void". Also called an "inefficient move".
PLong
by UnknownUnicorn3664665
gbpjpy monitoring currently GBPJPY is near a key weekly SR level, I would remain bullish for intraday positions because the daily bearish block has been violated with a clear uptrend channel. Many confluences. Overall on the monthly this is bearish market but my inner trendline on the daily has been violated confirming my short term bullish perspective. Furthermore, on the 4hour chart I would like to see if the breaker is respected or violated. If it is violated price would have to close outside of the 4 hour inner trendline and i would collect profit at 138. If the channel remains strong and weekly SR is violated i would buy pullbacks.
by hsa2501
EURGBP // ICT based Monthly long term analysis (multi-scenario)Okay let's have a look at what we can see happening. EURGBP stabbed into the bearish orderblock as shown in the chart on the 7th & 8th month. The 9th month (right now) is the logical reaction of the move away from the bearish orderblock. - The formation of the bearish orderblock happened above 0.835 , meaning this will likely be absolute max for the wicks/shadows of the next swing high (which when the analysis is correct, will likely take a couple of years from now to occur). - Threats for the move down are the 0.805 and 0.792 levels. Respectively they have formed rather explosive upmoves in the past. With months that went well over 13.000 pips into the other direction. So keep them and levels just above them in your alerts if you're bearish. - Furthermore: if we see a response off of either the 0.805 or the 0.792 levels we'll have to see a strong rejection off the current bearish orderblock we're in. If we don't, it's possible that we'll break the tops and return into a bullish trend not visiting the 0.67950 . I'll keep monitoring the EURGBP long term so I'll be happy to keep this idea updated. Thanks for reading and I hope this was helpful to you. Trade with care. Best regards,
Short
by UnknownUnicorn468659