Icttrader
Emini S&P 500 (ESH2022) *Prediction*Thursday Feb 17 (2022) (4H TF)
I’m Anticipating that price will sweep the Low For Sell Side Liquidity and possibly Perform an ICT Market shift Model that can give me a Long Position Targeting the Intermediate highs and possibly Filling Redelivered Rebalance with Final TP being Equal highs/ Buy Stops at Top. Will Update The before Entry and After Entry soon....
OTE entry on GBP/USD - NY Killzone ICT concepts, ICT tradersI have been studying forex on and off for about 7 years now, And nothing has created results like developing an understanding of TIME PRICE LIQUIDITY SENTIMENT ( AKA THE ICT OTE )
My learning and studies remind me of a statement made by a previous teacher in my martial arts training, "fighting, When it happens is going to come down to 1 or 2 moves that you know really well and can execute in the worst circumstances"
The brain seeks to understand and simplify things so that we can save our cognitive load, This is essentially the function of the Reticular activation system. Many mentors from all walks of life will teach this concept, And ICT mentions this time and time again in his series on Youtube, Train the brain to see what it needs to see.
I feel as humans, we overcomplicate processes, Turn them into rituals that are blown out of proportion and then worship them, This does not lend itself to success in my opinion.
For me, Forex is simply - Time, price, Liquidity, Logical sentiment direction. This creates the bias that allows me to pull the trigger without emotion.
Disclaimer: yes this is a demo trade, Yes this is a STUDY and share of knowledge for education and collaboration purposes, I have nothing to sell you.
simple example of the ICT OTE working within, And just outside of the NY kill zone, I had already taken a position of the market as seen in the MT4 DEMO account.
the "live trade" was a re entry at a new valid level after I had "made my money" with a smaller position.
YouTube - ICT
www.youtube.com
EURUSD Daily Bias on Smart Money Approach (ICT)Due to the previous two days OB that failed to created Significant SWL. This will most likely to break, if there's enough momentum from the market.
Because EURUSD had a strong new Weekly Low that takedown the PWL. So I assume that it's most likely to be bullish to take down nearest liquidity, then continuing to bear because at weekly basis, we're still distributing at a SWH.
Market failed to create a significant swing low. I expect today's market will make a shift to bullish conditions and targeting liquidity above.
But it wiser to see where the London Manipulation will go.
If in the London time is most likely to break the previous day low try to search Optimal Trade Entry in the smaller time frame for bullish condition targeting nearest valid OB.
If in the London time is most likely to break the previous day high try to search Optimal Trade Entry in the smaller time frame for bearish condition targeting Previous Day Low
UPDATE ON GBPAUD Two scenarios are likely to happen
1. Sorry I did not take the FVG at the bottom into account. Price is going to fill the FVG at the bottom and then go strongly bullish
2. Price will go bullish and later come to fill since everyone is waiting for it to fill the gap so the Market Makers will manipulate price to get Sell side liquidity
USDCHF Bullish BaisYou can see price moving downward, repackaging price for another push phase at my optimal trade entry (OTE)...Price is moved downward by the big bank looking for institutional interest where it was spotted using my classic Fibonacci tool (79%). so we waiting for big banks to manipulate price downward then we buy at the 79% Fibonacci or sweet spot (OTE)...THANK YOU!!!
DXY H4 OverviewThe DXY is still very much bearish, every retracement on a bullish side can be seen to either fill up gaps or correct Price Inefficiency.
What this means for Dollar based pairs?
EU still shows signs of bullishness on HTF in contrast to GU which shows bearishness on Weekly though the monthly bias still remains bullish. EU yet to break its bullish structure in support of DXY been bearish, it is currently in a range. On the other hand a very probable Sell can be seen on GU as it has been seen to have broken it's bullish structure on HTF{Daily} last week also supporting any retracement on DXY.
Trading tip; Short term trade advised on EU till it shifts out of it's consolidation.