USDJPY - Long setup around 113.300Hi everyone!
I see that price has come to a critical support area and i am looking to catch a long back up to the top of range, i feel that price is likely to test Asia lows.
ENTRY
BUY LIMIT @ 113.307
Stop Loss: 113.262 (Add Spread)
TP 1 (1R): 113.353 (Stop Loss → Break-Even / Scale-In)
TP 2 (3R): 113.444 (50%)
TP 3 (5R): 113.535 (20%)
TP 4 (10R): 113.762 (20%)
Is anyone else considering this?
Orderblock
NZDUSD - Buy to Sell ModelHi everyone!
Today i'm looking at a sell on the NZDUSD to round of the week, this entry is based on the volume profile and POI on the 5m and 15m Timeframe. I will be waiting for a break of orderflow before entering.
ENTRY 1
BUY LIMIT @ 0.67884
Stop Loss: 0.67867(Add Spread)
TP 1 (1R): 0.67902 (Stop Loss → Break-Even / Scale-In)
TP 2 (3R): 0.67938 (50%)
TP 3 (5R): 0.67974 (20%)
TP 4 (10R): 0.68063 (20%)
ENTRY 2
BUY LIMIT @ 0.68129
Stop Loss: 0.68162 (Add Spread)
TP 1 (1R): 0.68097 (Stop Loss → Break-Even / Scale-In)
TP 2 (3R): 0.68032 (50%)
TP 3 (5R): 0.67967 (20%)
TP 4 (10R): 0.67804 (20%)
Is anyone else looking at this?
$BTC - Pullback to Discount Level, Then Bullish *Smart Money**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 is pulling up to possibly reach above the current small liquidity high resting near $50,850. I can see it pushing up a little harder to take out people thinking this is a "Resistance" level but then going to the median bearish order block of $51,3385 before getting pushed back down into the 1-hour fair value gap which is an imbalance that needs to be filled. Or it could simply touch the bottom of the 1 hour fari value gao from the "great fall" last week, and turn bearish and into the newly created 1 hour fair value gap, which is an imbalance it would most likely pursue and fill. At the bottom of this imbalance is the 61.8% (Discount level) of the fib if you place it at the recent current low to the current recent high. This area is also near the 4-hour Fair Value Gap bottom. So all of these confluences make sense as to where it would go before moving bullish. So I have the entry price as $49,160.
Now the target is above the current high and it's the next tiny 1-hour order block at around $52,645.So to be safe I put my target at $52,640.
See Chart
I'm giving it until the end of the week to make this happen so we have a nice green weekly candle.
If there are any Smart Money / ICT students out there that have any critiques or suggestions, please let me know what you think. Agina, this is not the retail way of thinking, if you tell me a Trend line and a triangle is going to somehow magically make the price do something, I would point you toward what the chart usually does and that is attack liquidity and balance. And I believe this idea has both.
Cheers and happy trading.
P.S. I'm still holding my trade from "The great fall" from last week. I knew it would come up but I'm just hoping it comes up quicker because my time decay is killing me on my futures call. COINBASE:BTCUSD BINANCE:BTCUSDT BITSTAMP:BTCUSD KUCOIN:BTCUSDT PHEMEX:BTCUSDT BYBIT:BTCUSDT OKEX:BTCUSDT FTX:BTCUSD
WOOUSDT - Long term entryHad a very long consolidation period with lower highs and higher lows, now almost back to the consolidation (order block) from before the move up.
A lower low in that consolidation zone with a divergence could give me a very nice (long-term) entry.
This consolidation zone also contains the POC (Point of Control) of the consolidation. This is where the most volume has been traded and thus is a place where historically bulls and bears fight for control.
Would be even more interesting in combination with a Bullish Divergence on the RSI.
Invalidation would be below 0.45.
USOIL Reaction off a ICT Daily OBHello Traders!
We can see on the HTF that price has reached down into a ICT Bullish Order Block.
Here I take the highest point of the block and the mean way point of the candle.
I then look at institutional levels between those two price points to seek an entry.
Look like price is creating a swing low formation near the OB which I typically see when price nears these areas
of price action.
Short idea on EURUSD Euro Dollar has been in a downtrend, so this short would be pro trend, breaks of market structure on H4 and refined order block from H4 all the way down to M15. Additionally, the OB is on the discounted price of the 79% Fib retracement. Looking for a short once the M15 OB is mitigated
$EURUSD - Breaking Sell Side Liquidity to long 2020 Bullish OB ***Smart Money Theory - Nothing that I have learned in retail trading has brought m profits, So I use Smart Money Technique or Institutional Trading. Currently, with EUR/USD it Appears that the Price Action is slowly making its way back toward levels from 2020. It has hit an Order Block on a daily time frame (Wick) and I believe it will drop below the Asian range (Around 1,14385) to take out the sell-side liquidity, Possibly even spike down to the hit the body of the Daily bullish Order Block (around 1.14280) before turning around and making a reversal. I see the bullish bias Already because it has broken the market structure at 1,14560 taking out short-term highs. Once The New York Session may give it the charging it needs to break up and over the equal highs near 1.14775 and possibly to the end of the 4th varition of the Asian range which also fits near the Median of the old 2020 daily fair value gap. See chart for historical references.
I would be s little more careful on the stop loss with 30 pips and not 15 pips but have multiple take-profit zones along the way. The last without leaving 5 % on after going long near (now) 1.14360, highest aim would be 1,4885. Taking profit along the way at 1.14565, 1.1.4680, 1.14770 and lastly 1.14900
CADCHF 30M - LONGPrices taps into a weekly POI, gave us a shift in structure on the H8 timeframe establishing a new trading range for us to work with.
Now, we can get involved with the H8 timeframe's trading range instead of working the entire weekly range which is too huge. Wait for confirmations onto demand areas to get involved in BUYS.
XAUUSD H4 - LONGPrices left behind a 2 demand areas for us to get involved.
No, we do NOT place a buy limit order just like this. Instead, we wait for confirmations and a new range to appear, before looking for buy opportunities.
What do I mean by creating a new range? If we start to see a HTF Break of structure, like the H1 or the H4, we can trade them using the 5m-15m confirmations.