ICT Actual Case Study

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Why would one go short on GU considerding H4 Market flow is up and also the 8/19 emas are up as well on the H4 timeframe. I do see that the Daily emas are still down but seem quite flat.

I wasn't able to spot any short trades only because my framework has changed to the long side.
 
AnDDe said:
Why would one go short on GU considerding H4 Market flow is up and also the 8/19 emas are up as well on the H4 timeframe. I do see that the Daily emas are still down but seem quite flat.

I wasn't able to spot any short trades only because my framework has changed to the long side.
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Quite the contrary.

I tend to trade with the big boys. That means that I look at the daily/weekly charts. Long term market structure is bearish and so is trend (EMAS still bearish).

If you look closely enough, today price reached a nice bearish OB on the H4 timeframe. Also, 1.6180 is a weekly resistance and 1.6160 a daily resistance.

For ALL of the above reasons is why I took a planned in advance short during London open today.

Please, refer to my latest video for the explanation.
 
Personally I expect this won't hold and it will peep for liquidity under the 1.27s. Let's see what it does
 
jupiter_peak said:
I personally think alike. 1.2650 is a nice buy area IMHO.
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Yes, I like that area as well. Inside bullish H4 OB and close to 61.8 retrace from 1.25/1.2886
 
USDJPY with some nice PA this week.

Beginning with the week with a short sell @ bearish OB and retest of daily resistance. Today, price reached an H4 bullish order block.

Now, during NYO, price reached a nice H1 bearish OB for another sell inline with the bearish outlook in this pair.
 
jupiter_peak said:
Quite the contrary.

I tend to trade with the big boys. That means that I look at the daily/weekly charts. Long term market structure is bearish and so is trend (EMAS still bearish).

If you look closely enough, today price reached a nice bearish OB on the H4 timeframe. Also, 1.6180 is a weekly resistance and 1.6160 a daily resistance.

For ALL of the above reasons is why I took a planned in advance short during London open today.

Please, refer to my latest video for the explanation.
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Second chance to sell GU. NY morning session.
 
jupiter_peak said:
Second chance to sell GU. NY morning session.
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Anyone here familiar with the over and under pattern, also know as quasimodo pattern?

This is a very powerfull pattern that happens over and over time. They work really well when trading with the overall trend.

Happened just now in cable during NYO session for a sell.
 
jupiter_peak said:
Anyone here familiar with the over and under pattern, also know as quasimodo pattern?

This is a very powerfull pattern that happens over and over time. They work really well when trading with the overall trend.

Happened just now in cable during NYO session for a sell.
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You mean higher high on price and lower on oscillator i.e. divergence,

Nope, found it http://www.nobrainertrades.com/2009/06/over-and-under-pattern.html
 
gacafola said:
Price in a possible diamond formation
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Hi Gacafola,

Just saw your post now.

Yes indeed, it's a real diamond formation/consolidation.

Although the theme of this thread is solely ICT based trades, I guess there is no wrong addressing such a powerful and "emotional" pattern. When identified correctly, they can be very explosive if you will.

Diamonds are formed by a broadening triangle and a regular triangle. The left side is a traders nightmare (or not if you play turtle soups ;-)) for obvious reasons. It takes out S/Rs and order blocks both ways until it begins to make a regular triangle. The sequence of moves inside the formation is also essential for it to be a true one.

A diamond is comprised of two major S/R levels inside the formation (second image).

This particular one seems ready to breakout north. This one is also a very rare one as it has two main diagonals. Two diagonal diamonds are very hard to predict. If and when it breaks out, will follow the usual ICT Fib projections for target. Therefore, price should reach much higher.

Same projections if it breaks out south.

However, get ready for once it breaks out as the acumulation period issues for a big move as seen on the daily time frame.

Just to make it clear, I don't trade trend lines nor breakouts. However, whenever I see a formation like this and it breaks out, I will follow it's direction to buy the dips or sell the rips.
 

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Market Structure sell in the short term, price can fetch the stops where we clean the top and enter the OB H4 to go test the OB on the daily with the S / R 84.10 left by previous tops. !! A suggestion :)
 

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In regards to GBPUSD, we have changed the main direction on of the intra week move as the low of the week was taken out today. We have a new low for the week and an intraweek bearish market direction/structure.

Kudos who aknowlege the power of 3 and sold close to the top of the range/week.

Double Kudos for those of you who sold the pair today as well @ around the 6130 level.
 
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