MY CURRENT POI FOR XRPSharing my Current POI for XRP, what are your thoughts? What do you see?
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Mmsm
BTC Short using ICT Market Maker Sell Model (Explained)ICT Market Maker Sell Model (MMSM) for Bitcoin (BTC/USD)
Key Components:
1. Original Consolidation:
- This is the initial phase where the price consolidates within a range, indicating accumulation by smart money.
2. Smart Money Reversal:
- This area marks the point where smart money starts to take profit or reverse their positions, leading to a reversal in the market trend.
3. Market Structure Shift:
- This indicates a significant change in market direction with a displacement
4. Fair Value Gaps (FVG):
- They are marked as potential areas of interest where price might return to fill these gaps.
5. Sellside Liquidity:
- This is the area where liquidity is collected, often below the market structure where stop-losses and other sell orders are triggered.
6. Re-Distribution:
- After the initial move down, the market redistributes, often retesting previous support areas or fair value gaps before continuing the trend.
Chart Analysis:
1. Consolidation Phase:
- The price starts with an original consolidation phase where accumulation occurs.
2. Upward Move:
- After consolidation, there's an upward move indicating bullish market conditions.
3. Smart Money Reversal and Low Risk Sell:
- The price reaches a peak where smart money starts to reverse their positions. The chart highlights a 'Low Risk Sell Inside FVG' which is an optimal selling point within a fair value gap, suggesting a high probability sell zone.
4. Market Structure Shift:
- After the peak, the market experiences a shift in structure, breaking previous support levels and signaling a bearish trend.
5. Downtrend and Redistribution:
- The price moves down sharply, redistributing within fair value gaps. The chart highlights these gaps (fvg) where price might retrace to fill before continuing downward.
6. Sellsides Liquidity Targeted:
- The market targets sellside liquidity, triggering sell orders and stop-losses, leading to further downward pressure.
Practical Use:
- Identifying Entry and Exit Points:
- Traders use this model to identify optimal entry (sell) points within fair value gaps and exit points where liquidity might be targeted.
- Understanding Market Phases:
- Recognizing different market phases (accumulation, distribution, and redistribution) helps in anticipating market moves.
By understanding these components and their interplay, traders can better anticipate market movements and make informed trading decisions.
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ICT's Market Maker Model - An Easy to Understand GuideIn this video I try to explain ICT's Market Maker Model as simply as I can.
This model basically depicts how smart money efficiently facilitates their positions in the marketplace. It is important to understand some concepts beforehand, such as liquidity, AMD/PO3, market efficiency, crowd mentality, and the fractal nature of price.
I hope you find the video insightful and that it helps you utilize Market Maker Models in your trading.
- R2F
"The Bodies Tell The Story.. The Wicks Do The Damage" - ICTIn this video I'm going to go through one of ICT's most famous sayings, which is "The bodies tell the story, and the wicks do the damage". If haven't taken the time to understand what he means, then you are seriously putting yourself at a disadvantage if you are using his concepts. This is one of the most crucial and useful pieces of the ICT puzzle. You often hear him say that the wicks are painting outside of the lines, which he sees as permissable when he is trading his PD Arrays. So without further ado, I'll try my best to provide some insight.
For illustrative purposes I'll use his Market Maker Sell Model. Just to note that this is not a video teaching about his market maker models, so the focus will not be on that or his other concepts. If you don't understand a certain term or concept, please check out ICT's YouTube Channel or the countless other resources online. This video will be predominantly shedding some light on candle bodies and wicks.
I urge you to go into your own charts and do your own study. This will truly be something eye opening if it is the first time you've actually decided to take notice.
- R2F
ES Morning Shorts From Last Nights IdeaGood Afternoon everyone,
I will show in depth order entries in this post, read the updates to see.
This idea was formed last night around 10PM NY Time. I originally was hoping to trade up into the most recent Order Block (green path arrow) during the London session and end at the Terminus -4 around 8:00AM NY time. I then would've liked to see accumulations followed by a Turtle Soup or sweep of that low at the Terminus -4 during market open. I wanted to take countertrend longs in that area into the Order Block resting above the Liquidity Void, this move is denoted by the orange path arrow.
However we ended up going straight to Terminus -4 during London and we rallied above Asia accumulation into the Bearish Order Block sitting right above (green path arrow). We took shorts from this area and we were looking to target the Sellside Liquidity below to complete our MMSM (Market Maker Sell Model) on the 15M chart. We were able able to bank 2.1% off the move just by taking profits at the short term low 4507.5 and holding a few more contracts to a slightly lower price once we noticed price wasn't wanting to break the low at the Terminus -4 just yet. The Sellside Liquidity is still a viable target, we have just been choppy since right after open so taking profits is worth the time spent waiting for price.
Hopefully this was more insightful on how to form an idea for the next trading day. I will commit to making more informational posts like this. Please read the updates for a 5M look at the entries and a reference to the MMSM.
Mastering the ICT's MMSM with Chainlink ShortingI'm shorting the $LINK token due to its current downtrend on the 1-hour timeframe, and following the Inner Circle Trader Market Maker Sell Model after it cleared liquidity and testing the Daily Bearish Orderblock. While there have not been any recent news or events that influenced my decision, I'm using technical analysis to support my position.
There are potential risks associated with shorting $LINK, including the possibility that BTC could reverse and cause $LINK to change direction. To manage these risks, I am limiting my exposure by only risking 1% of my portfolio and aiming for a reward of 2% from that 1% risk.
It's important to consider potential counterarguments, such as the possibility that BTC could reverse from a bearish to a bullish trend. However, I plan on holding my short position for only a few hours and taking steps to manage my risk by waiting for the price to retrace to 7.5 and targeting the previous low.
While shorting $LINK is one way to take advantage of a bearish market trend, there are alternative strategies that could be considered. However, based on my analysis and risk management plan, I believe that shorting $LINK is the best approach for me at this time.
#BTC - No Hope for holiday seasonLesson learned from last year.
Market is (more) bearish in December (holiday session).
Price will be funky next month.
Market Maker Sell Model by ICT is already formed and moved to Sell Side.
I'm expecting a retracement to top of orderblock and previous level.
Aiming to previous low.
ICT Market Maker Sell ModelICT MMSM Concept
When you missed the bus (Low Risk Sell) or bus didn't come (to your entry).
Catch the taxi (2nd level of redistribution) instead.
Steps:
- Buyside formed (create HH - HL)
- Consolidation at PD Array
- Market Structure Shift (Break of Structure)
- Wait for entry at the first FVG after MSS / BOS
- If you miss the bus, wait for 2nd level of re-distribution
- Target: lowest swing low of the Buy Side.
GLGT