ICT Actual Case Study

FTMO Trader Scouting
jupiter_peak said:
NZDUSD seems up for a potential buy. bullish order block below current pricing, along with support @.7793(.7800). I would guess a .7780ish entry would suffice.
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This is what I was refering to.
 

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ovidiux said:
I'm not sure..
"the levels are too clean?" :)
But we are in a downtrend..why not continue lower? Or they want to take the orders under the 5950, to the highs above 6180 and then take the low of the year? Or I'm thinking too far
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50 level is/was the answer to the riddle. Look further left on the h1 time frame and you should see why a false breakout of the 50 level was expected.

It doesnt mean it wont go lower, maybe just not today.
 

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jupiter_peak said:
50 level is/was the answer to the riddle. Look further left on the h1 time frame and you should see why a false breakout of the 50 level was expected.

It doesnt mean it wont go lower, maybe just not today.
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I'm sorry I don't see the reason for the false breakout. Maybe because of the rejection on oct.15?
I (think) I understand that some levels must be cleared, but I have always found it difficult to see when the price is expected to reverse and when to continue. I must review my notes :)
 
ovidiux said:
I'm sorry I don't see the reason for the false breakout. Maybe because of the rejection on oct.15?
I (think) I understand that some levels must be cleared, but I have always found it difficult to see when the price is expected to reverse and when to continue. I must review my notes :)
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This business is all about being able to read stops. It seemed quite obvious to me that yesterdays EARLY low, close to a very important level, was a means for banks to draw longs into the ball game. Nothing else. Than, what were lying below yesterdays low? What type of trader would sell the lows? What would market makers do with them? Once you start to see the market as a bank/mm and not a reatil trader, I can guarantee you will be able to see these in advance.
 
Confluence Zones in Cable, they always surprise!

Be nice if we can get some action closing up the fomc hit
 

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like i said...
Fiber CZ's
 

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jupiter_peak said:
Price made it to the day open price, into OTE right after news. Anyone els joining me on this one?
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In my opinion, too early. I wait until 1.6030. I want to see the USDX to reach 86.90'ish first.
 
Hopiplaka said:
In my opinion, too early. I wait until 1.6030. I want to see the USDX to reach 86.90'ish first.
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That is a different setup we are talking about. This was an ID 2:1 trade in the direction of the main move.

Plus if you look at USDx intraday price action, you will probably see an OTE retracement there int o a bull OB.

Howeve, your idea is great too for USDx most likely would make a FB of the lows into a bull OB residing just a bit lower. This comes handy with a potential Euro sell.
 
jupiter_peak said:
That is a different setup we are talking about. This was an ID 2:1 trade in the direction of the main move.

Plus if you look at USDx intraday price action, you will probably see an OTE retracement there int o a bull OB.

Howeve, your idea is great too for USDx most likely would make a FB of the lows into a bull OB residing just a bit lower. This comes handy with a potential Euro sell.
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EURUSD and USDx challenging OBs. In the case of the DX, 87.14 played resistance turned into support nicely.

News in 15m will most likely place the nail on the coffin.
 
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