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Innercircletrader

Top-Down Analysis (The CORRECT Approach!)In this video I go through how to effectively do a top-down analysis, and avoid common mistakes. This can apply to any type of trading methodology, but here the focus will be on ICT’s liquidity and inefficiency concepts. This topic is important to traders who are keen on improving their win-rate and catching those higher RR trades. Whilst those things don’t define a successful trader, only consistent profitability and sound risk management do, I believe an effective top-down approach to framing trades is a worthwhile endeavor. Better trade setups give you less stress, more profits, and more freedom of time. What is a "top-down analysis"? It is basically doing your analysis on a higher timeframe to get in line with where you or your strategy is showing price is likely moving to, then on a lower timeframe to wait for your trade setup to form, and then either entering on that timeframe or going to an even lower timeframe for an entry signal. For example, if the weekly chart is bearish, and you see a bullish candle on the hourly chart, you may be fooled into trading in the wrong direction. For the highest probability, you need to be in sync with the higher timeframe. My approach is split into 3 parts: 1. I have my BIAS which is built on the monthly, weekly, and daily timeframe. This helps me determine the direction I want to trade in. If my analysis is bullish, I want to look for longs, and vice versa for shorts. 2. Then I have my NARRATIVE, aka my ‘story’ of how my setup may form on a lower timeframe, usually the 1-4h timeframe. For example, I may be looking for a specific pool of liquidity to be swept at a certain time of the day. 3. Thirdly, I have my CONFIRMATION, which is usually based on the 5-15m timeframe. I hope you found this video insightful and that it helps enhance your trading. If you need clarification about the content, or you are still struggling with finding your groove as a trader and need personal guidance or mentorship, feel free to reach out to me via TradingView’s private message or on X (formerly known as Twitter). Til next time, happy trading. - R2F
Education
by Road_2_Funded
GBPUSD - Trade Idea (ICT Concepts)I'm anticipating lower prices on GBPUSD. The CPI move yesterday confirmed this bias. I am now looking for continuation lower. I don't believe price will move too much higher to fill the inefficiency. There is a signature Gap on the 4h timeframe that I will be framing this short on. Possibly adding confluence with a Judas Swing coupled with the Classic Tuesday High of the Week. The stoploss is for illustration only. I would wait for a lower timeframe shift in market structure along with BISIs being disrespected and SIBIs being created. - R2F
Short
by Road_2_Funded
Understanding LIQUIDITYIn this video I try to explain liquidity as it pertains to training in a simple manner. Liquidity are basically orders in the marketplace. Since trading is a zero-sum game, without liquidity, there is no trading. Simply put, If you wanted to BUY, then you would need someone to SELL to you, and vice versa. Smart Money has deep pockets and needs a large amount of liquidity to facilitate their positions. They want to be able to get in and our of their trades, as well as to be able to trade with capital that would be worth the reward. The largest pools of liquidity usually reside above swing highs and lows, and equal highs and lows (double/triple tops and bottoms). Support and Resistance ideologies dominate the market, and besides that, psychologically it makes sense to put stoplosses at such areas rather than at some random area within a range. There are also breakout traders who see price breaking out of an area as a sign of strength (or weakness if bearish) and they set their entries above/below these levels. This is how liquidity is "engineered" in the market and sentiment manipulated. These pools of liquidity can be seen as a magnet, drawing price to these levels, either to grab liquidity before reversing or continuing in its current direction. - R2F
OANDA:XAUUSDEducation
by Road_2_Funded
14
USD - FULL ANALYSIS [ICT Concepts]In the video I go through the timeframes in a top-down analysis, starting all the way from the yearly timeframe, down to the hourly timeframes. I share my thoughts on what I am looking for in order to build a bias for taking new trades. The key indicator for me is the creation of new Fair Value Gaps (FVGs) and the disrespect of previous Fair Value Gaps. Occasionally, I add the confluence of Order Blocks and Breaker Blocks. Hope this is insightful. - R2F
TVC:DXY
by Road_2_Funded
Short term trade Idea USD/JPY (LONG)Using ICT concepts, I believe we are about to see an expansion on Dollar pairs. I am getting in sync with this short term USD/JPY, aiming for my weekly short term liquidity objective. I believe we are making a Tuesday low of the week and after reacting off that daily level, I think we are due to for some expansion. Entry was on the high of the 15m BPR. Stops will be moved to break even above Asia's High, 148.556 Partials will be taken @ 148.807. Any questions, drop me a message!
Long
by ProsperousTechnician
DXY Analysis - Monthly & Weekly Timeframe (ICT Concepts)Reacted BEARISH off of PREMIUM with hard displacement. Now looking BEARISH at DISCOUNT zones. 3W candle closed below a Bisi 3W, but reacted off of lower Bisi 3W. Based on this timeframe, I want to see if price wants to move towards the higher disrespected Bisi 3W and then react bearish. That disrespected Bisi 3W is almost a 1M Bisi. It would make the most sense that if price were bearish is for it to come to a PREMIUM zone for that swing range into the Bisi 1M (BPR) before heading lower. The bias is not concreate at the moment, so be wary of any change in narrative during high-impact news drivers and the general structure on lower timeframes. Lower timeframe may present long opportunities to this shorting POI, but price may create a Sibi first. - R2F
TVC:DXY
by Road_2_Funded
DXY - Intraday Analysis (ICT)My DXY interest for today. Assuming the last dump was to trap shorts, with the confluence of trading into a Monthly Bisi and Monthly Breaker (Body) and New Month Opening Gap. I am interested to see if this can now move higher. It also traded off a Daily Bisi then broke higher, again playing around a 4h Sibi, and now seems to be moving lower. There is a 1h Balanced Price Range inside a Breaker on this timeframe at OTE of that range. I would like to see it react off of there, go higher, use the 4h gap as support, then move higher to target an actual liquidity void above.
TVC:DXYLong
by Road_2_Funded
AUDUSD - Daily Timeframe Analysis (ICT)I'm anticipating price to head towards the Internal Buyside Liquidity in the form of Equal Highs above as a first objective. This bias comes from External Liquidity being raided, with a manipulative move that took it out a second time. A large Daily Sibi was left in its wake, but what was interesting is that price came into, and closed within the Sibi on Thursday, and on Friday's NFP it shot down to take out the previous day's low before coming back into the Sibi with a bullish close. In my eyes this is indicative of price wanting to head towards Buyside Liquidity before a HTF continuation to the downside. As for narrative, I would anticipate price breaking through the Sibi, finding resistance possibly somewhere within the long-tailed Daily Wick and Trendline Buyside Liquidity above. Consequently, returning back into the Daily Sibi and using it as support before moving higher to the objective. This analysis is based on Smart Money accumulating more shorts at relevant zones of Buyside Liquidity and Inefficiencies. A POI for a reversal back to the downside will be based on how price moves at either one of the annotations above my first objective. - R2F
Long
by Road_2_Funded
1
10.24.2023 NQ AM Session Looking ahead to the NY AM session, a bullish weekly profile so far. Monday's session established an Opening Range High for the week, a common occurrence for the first trading day. Anticipate a decisive move away from Monday's high, targeting opposing liquidity as a potential manipulation. Pay close attention to the 10/23 9:30 LOD (Low of Day), a crucial reference point. Below this level lies a historically relevant 1D FVG (fair value gap), providing a strategic entry point. From there, anticipate an upward expansion into levels outlined in the weekly outlook. It's worth noting that while these projections are made prior to the London session, market dynamics may evolve. Nevertheless, these are the developments I'll be monitoring closely. Happy trading! News for tomorrow: 9:45 AM Flash Manufacturing PMI 9:45 AM Flash Services PMI 10:00 AM Richmond Manufacturing Index 4:35 PM Jerome Powell speaks
CME_MINI:NQZ2023Short
by TheMadPupil
10.27.2023 NQ OutlookIf the DXY (US Dollar Index) makes its descent lower, we observe a corresponding upward trend in indices. Presently, we find ourselves situated within a retracement and reversal zone marked by a bearish breaker on the Daily (1D) timeframe. Having successfully tapped into substantial sell-side liquidity over the past week, it is reasonable to anticipate an uptick in buying activity in the week ahead. This mirrors a similar notion I had regarding the DXY—it doesn't imply a complete correction, but rather lays the groundwork for lower prices in the weeks to come. This dynamic sets the stage for a potentially intriguing market scenario.
CME_MINI:NQ1!Long
by TheMadPupil
EUR/USD: Unraveling Today's Wild Ride! 📉📈 🔥 Brace yourselves, traders and enthusiasts! In today's video, we're dissecting the wild rollercoaster that the EUR/USD pair took us on. From sharp drops to unexpected surges, the currency market was on fire, and we're here to break down every twist and turn. Join our team of seasoned traders and financial experts as we analyze the factors behind this crazy EUR/USD move. We'll explore the economic indicators, global events, and market sentiment that contributed to the volatility. Whether you're a novice trader looking to learn or a seasoned pro seeking insights, this video has something for everyone. 📊 Get ready for detailed chart analyses, expert predictions, and trading strategies tailored for this unique market situation. We'll also explore how geopolitical events and economic data impacted the exchange rate, providing you with a comprehensive overview of the forces at play. Stay ahead of the curve and make informed decisions in your trading journey. Hit that subscribe button, ring the notification bell, and join us as we unravel the mysteries behind today's crazy EUR/USD move. Don't miss out on the expert insights that could shape your financial future! #ForexTrading #EURUSD #MarketAnalysis 🌐💹
by MillixFx
Scalping Gold using the intraday BIASScalping gold using intraday bias refers to a trading strategy where investors take advantage of short-term price movements in the gold market based on the prevailing intraday bias. Intraday bias refers to the direction in which the price of an asset, in this case, gold, is expected to move within a single trading day. Traders who employ this strategy typically open and close multiple positions throughout the day, aiming to profit from small price fluctuations. Here's a step-by-step description of how this strategy might work: ### 1. **Understanding Intraday Bias:** - **Technical Analysis:** Traders use technical analysis tools such as moving averages, support and resistance levels, and various chart patterns to identify short-term trends and potential entry/exit points. - **Fundamental Analysis:** Consideration of economic indicators, geopolitical events, and market news that could influence gold prices within the day. ### 2. **Setting Up Indicators:** - **Moving Averages:** Traders often use short-term moving averages (e.g., 5-period and 10-period) to identify quick changes in trend direction. - **Relative Strength Index (RSI):** Helps identify overbought or oversold conditions, indicating potential reversal points. ### 3. **Identifying the Bias:** - **Bullish Bias:** If the intraday analysis suggests a bullish bias (gold prices are expected to rise), traders look for buying opportunities. - **Bearish Bias:** If the bias is bearish (gold prices are expected to fall), traders look for selling opportunities. ### 4. **Setting Entry and Exit Points:** - **Entry Points:** Traders enter positions when they believe the bias is strong and the price is about to move significantly in the expected direction. - **Exit Points:** Profit targets are set at small increments, and traders exit positions once these targets are met. Similarly, stop-loss orders are placed to limit potential losses in case the trade goes against the bias. ### 5. **Risk Management:** - **Position Size:** Traders often risk a small percentage of their trading capital on each trade to manage potential losses. - **Volatility Consideration:** Gold can be volatile; traders must adjust their position sizes and stop-loss levels accordingly. ### 6. **Continuous Monitoring:** - **Real-Time Analysis:** Traders need to constantly monitor price movements, news, and any other factors that might affect the intraday bias. - **Adaptability:** The strategy might need to be adjusted based on real-time market conditions. ### 7. **Closing Positions:** - **End of the Day:** All positions are closed at the end of the trading day to avoid overnight risks associated with holding positions in a volatile market like gold. ### 8. **Constant Learning and Adaptation:** - **Review and Analysis:** Traders review their trades, analyzing what worked and what didn’t. This analysis informs future trading decisions. - **Adapt to Market Changes:** Market conditions can change rapidly. Successful scalpers adapt their strategies to evolving market trends and behaviors. It's important to note that scalping can be highly demanding and requires a significant amount of time, attention, and discipline. Additionally, transaction costs (like spreads and commissions) can erode profits, making it crucial for traders to have a well-thought-out and tested strategy before engaging in scalping activities.
OANDA:XAUUSDEducation
by MillixFx
2