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What is ICT Power of 3?Power of 3 at work on Gold producing a 8.6RR move on 30/06/2023 FOREXCOM:XAUUSD Ict power of 3 is a strategy that reveal the market maker algorithm model for price delivery. Power of 3 simply means there are 3 things market makers algorithm do with price in ever trading days. Those 3 things are; Accumulation, Manipulation and Distribution. AMD: A: Accumulation M: Manipulation D: Distribution 1. Accumulation: They accumulate liquidity through the delivery of a ranging market. The purpose for delivering a ranging market is to induce both buyers and sellers to enter the market thinking that price will go in their direction. 2. Manipulation: After accumulating both buying and sell orders, they then manipulate the market to further induce another set of traders which are breakout traders. But, that particular manipulation move is not their intended direction for the day. They only use it to gather liquidity, Which will then lead them to the next action which is to move and distribute price in their real direction for the day. 3. Distribution: After manipulating price to a particular direction different from their plan, they then distribute price to their original intended direction. e.g to buy, they will first sell the market and then buy at the discount price level. Example of Power of 3 on Gold AMD: A: Accumulation M: Manipulation D: Distribution Accumulation : Price range during Asian session, accumulating liquidity on both sides of long and shorts. Manipulation : Price broke the low of the accumulation during London session to take out sell side liquidity and then fill the previous day imbalance. Distribution : Price move away from the FVG leading to a shift in market structure on 5m time frame, plus a short pull back, follow by a massive move to the upside during the New York session to take out buy side liquidity above.
FOREXCOM:XAUUSDEducation
by Elijahenoch7
2
ICT Power of 3 Strategy on GoldPower of 3 at work on Gold producing a 8.6RR move on 30/06/2023 FOREXCOM:XAUUSD AMD: A: Accumulation M: Manipulation D: Distribution Accumulation : Price range during Asian session, accumulating liquidity on both sides of long and shorts. Manipulation : Price broke the low of the accumulation during London session to take out sell side liquidity and then fill the previous day imbalance. Distribution : Price move away from the FVG leading to a shift in market structure on 5m time frame, plus a short pull back, follow by a massive move to the upside during the New York session to take out buy side liquidity above.
FOREXCOM:XAUUSDLong
by Elijahenoch7
Gold BuyI'm currently in a gold buy. Reasons: -We're at a point of what looks to be a strong demand zone on on all time frames leading up to daily. (Accidentally wrote supply zone instead of demand on chart. excuse the typo) -The last 2 closing candles had large wicks on 4hr timeframe (bullish engulfing). -We're getting higher highs and higher lows on smaller time frame. -5 minute resistance level has been broken. -1 hour candle has closed extremely bullish. - The ride to 1957 should go smoothly follwed by a pullback. -My guess is that Tp will be hit tomorrow or Friday the latest
OANDA:XAUUSDLong
by The8thWonderTrader
2
Live Trading GBPUSD Strong ReversalThe GBPUSD maintains a valid upward trend on the Daily chart, which demands our attention and respect. Despite the current significant decline, it is technically considered a pullback as no critical structure has been breached. However, it is worth noting that the 5-minute intraday chart has dipped below a sell point, indicating a potential reversal. The wavestructure is currently at ML 5, representing the last swing before a bullish reversal can be anticipated. Considering these factors, it may be opportune to consider a Long Trade from the LOD (Low of the Day), aligning with the market structure's low. Feel free to make informed decisions based on this analysis. Enjoy!
Long
by Charts247TradingAcademy
1
HOW IMPORTANT IS TIME IN THE FOREX MARKETS 💡⏰📊HELLO EVERYONE HOPE EVERYONE IS DOING GOOD ITS MONDAY LOTS OF OPPORTUNITIES AHEAD. JUST SOMETHING ON TIMING IN THE MARKERT 📈📉📊⌚⏰⏱⏲ Every chart in trading has two axis ie. TIME & PRICE. The most ignored of this two axis is TIME, now how important is time in trading. Are there some periods during the day that are most volatile than others of cause we all know NEW-YORK session will definitely be more volatile than ASIA or even LONDON sometimes, we know news releases are highly volatile and sessions opens normally see most spikes. If this is the case why is TIME so underrated in trading or less incorporated in trading. If you are starting out your Journey in trading you most likely have already invested in patterns ,support & resistance and everything price in the market in excitement watching various economic calendars and trade voraciously on every release of data, viewing the markets 24 hours a day, five days a week. Understanding time will remove this edge to be on charts all day long worse even seeing things that are just not there preventing unnecessary loses. Unlike Wall Street, which runs on regular business hours, the forex market runs on the normal business hours of four different parts of the world and their respective time zones, which means trading lasts all day and night. But understanding where you are in this Business will limit a lot of errors and back testing with Time will give you a perception of when your trades take off and what are your High success rate sessions, if you are scalping what are your range bound sessions, what ever type of trader you are time is a crucial aspect in trading. So according to investopedia When only one market is open, currency pairs tend to get locked in a tight pip spread of roughly 30 pips of movement. Two markets opening at once can easily see movement north of 70 pips, particularly when big news is released. So understanding this will help in reaching targets timely and reduces anxiety of being range bound in red before your trade takes you out and goes in your direction 😀 Overlaps in Forex Trading Sessions The most traded & most popular will have to be the U.S./London (8 am. to noon NY TIME): This is the heaviest overlap within the markets with More than 70% of all trades happening when these markets overlap because of moves seen within this markets. The we have the Sydney/Tokyo (2 am to 4 am NY TIME): This time period is not as volatile as the U.S./London overlap, but it still offers a chance to trade in a period of higher pip fluctuation, and certain pairs tend to be volatile during this certainly especially the once aligned with the sessions, tends to also be great for scalpers as most are range bound during this sessions and scalps can dominate during this sessions without unforeseen spikes 😁 • Last but definitely not least London/Tokyo (3 am to 4 am NY time) This overlap sees the least amount of action of the three because of the time (most U.S.-based traders won't be awake at this time), and the one-hour overlap gives little opportunity to watch large pip changes occur. But this is the sessions that creates some important key levels to plan the day and execution of trades so no session is less important than the other the out come of each sessions lies with us as traders • The forex market runs on the normal business hours of four different parts of the world and their respective time zones. • The U.S./London markets overlap (8 a.m. to noon EST) has the heaviest volume of trading and is best for trading opportunities. • The Sydney/Tokyo markets overlap (2 a.m. to 4 a.m.) is not as volatile as the U.S./London overlap, but it still offers opportunities Then we have news Releases that are also based on time, if your strategy is based on capitalizing on news releases you are most likely aware of time and its importance in once trading. I don't want this to be long so basically what I am saying is you have two axis on a chart, why are you only looking at the price axis, time has to come into playing some how 🤔 Invest in time to limit wasting your time on the charts... Hope you enjoy this Leave a comment & like for more atticles like this REFEREMCES. Investopedia The Best Times to Trade the Forex Markets ARTICLE Volutrades Timing Is Everything: The Best Times to (and Not to) Trade Forex ARTICLE ICT SMART MONEY CONCEPTS By THE PROP TRADER ICT SMART MONEY CONCEPTS KILLZONES IF THIS ARTICLE ASSISTS IN ANY WAY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:DXYEducation
by PULEMokhothu
2