ICT IMBALANCE / FVG / LIQUIDITY VOIDLiquidity void, Fair Value Gap, Imbalance... These terms are interchangeable.
As a Charter Member ill tell you what I've shown here, is a basic depiction, as I got asked a question on what is an imbalance?
An imbalance, is an imbalance in price, where price has NOT efficiently delivered orders in the market, price will like to revisit these areas, of imbalance, as seen here. The diagram on the left depicts the ideal model of what an imbalance is, the chart on the right is an in time example.
if you notice one of these getting filled, at a place where you are bearish/bullish... well.... there is your trade!
Orderblock
Short EURAUDEUR has been a weak pair in the past weeks. After the price rallied up to IPL 1.49000 which is currently the Highest Price of this week, today we have seen the price close below the last bullish OB of that retracement.
A breaker has been formed on the 4hr and this means the bears are back in control.
We go short
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US30 WYCKOFF DISTRIBUTION FIRST LONG AND THEN SHORT.Hello everyone, I am posting here my analysis about what could happen next on US30 and why.
on 4 hour time frame we can see the PSY, BC , AR, ST , SOW and UT have already been formed.
The price has shown indecision and hence gave a reversal after breaking the RETAIL support (Providing break of structure or activating pending stop orders), it can be seen that the price is deflecting after breaking the retail support and now reversing.
To which I believe price will form a new weekly high this or next week where we could have a UTAD (Formation of Order Block) and on the restest of UTAD I would go short.
On this analysis, there are few Liquidity lines marked up above UT, which means , the price might break any of these liquidity lines (Break Of Structure) and then form UTAD (Order Block).
Please feel free to comment, like or share. Also, If you are against this idea, please raise a valid point.
Thank you..
TheEdger.
Will Ascending Triangle fail soon?#EURUSD #FX #4H #Tommy
- Here’s EURUSD 4hr chart and I have made an assumption that the bearish wave starting from around 1.23470 is an impulsive wave cycle in Elliott wave perspective.
- It’s currently testing bottom of the orange ascending triangle with top located around 1.11240 and this very wave structure also can be expressed with an orange upward parallel channel.
- At the same time, purple short-term downward trendline keeps showing strong rejections. I will be bearish if bottom of the ascending triangle breaks below first.
- On the other hand, I will be bullish if purple trendline breaks above and even more bullish when it successfully breaks the top of the ascending triangle above.
- If EURUSD successfully breaks ascending triangle above, a considerable resistance area to enter short position is at 1.13100~1.13600.
- This resistance is a confluent zone of blue trendline, top of black channel, top of the orange channel, 0.786 retracement level, HVP pivot level, and inner trendline and is valid only until April 9th.
- If I were to design a short trading setup, it would be as below.
Short (Valid until 04/09)
EP: 1.13100
SL: 1.13970 (-870 PIPS)
TP1: 1.11790 (+1310 PIPS) -> RR: 1.51
TP2: 1.10260 (+2840 PIPS) -> RR: 3.26
Chart Analysis is not a gambling! Reason why TA is greatHello traders. This is Tommy.
Today, I prepared the most basic and at the same time essential materials that every trader should know. Trading is literally the act of exchanging or trading something with a certain value. If we look at the history, we humans have always traded something within the social community from the Neolithic Age to develop into a better civilization or for individual survival when we have enough food or assets. When the surplus accumulation and self-sufficiency economy due to food production was formed, even before the concept of currency or money, buying and selling (trading) was always with us.
But when we trade, it is not a reasonable thing to do if we lose money when you buy or sell something, right? We humans have always traded at a value or price that is commensurate with supply and demand, within this immutable fence. And we, who are full of greed, have been trading in such a way as to somehow benefit ourselves a little bit more. In a way, I think this is the basic idea of capitalism.
Anyway, our ancestors naturally oriented trades for profit, sometimes seeing losses and sometimes profits through these transactions. And suddenly realized. “Ah, the quantity demanded, and the quantity supplied change over time. Because of this, all objects in this world, even abstract ones, change in value over time. Oh, I can make money if I use this well?”
A culture of profit taking has naturally been formed thanks to those who possess the temperament of smart entrepreneurs. In this way, the economy and financial markets were eventually born, and several market participants came in for the sole purpose of generating profits, that is, for investment purposes. People who have properly understood the market principle of supply and demand have been trading with certain standards to make money with it. Some people can trade by the weather (buy when it's sunny, sell when it's raining), some by rolling the dice (buy when it's high, sell when it's low), and someone just by feeling. Of course, economists studied after realizing that trading on unreliable and absurd standards would eventually destroy them. And realized it. “Ah, let’s find the right standard to set the standard. From what I've seen so far, does it make money by trading based on the information about the product and the value of the product that changes every moment? Let’s dig into it properly!”
And they created a great science. Analysis through information, Fundamental Analysis (FA), analysis through charts, that is, past transaction data, and Technical Analysis (TA: Technical Analysis).
FA is an analysis method that determines whether a product's current intrinsic value is overvalued or undervalued. For example, when we want to invest in a company, that is, if we want to buy shares or stocks in that company, we must first estimate the company's growth potential and potential, right? To do this, you must make a final investment decision by referring to the company's financial indicators, good news/bad news, past asset/revenue growth rates, etc.
On the other hand, TA is a method of making investment decisions by referring to various theories and indicators with meaning in charts that intuitively show past price movements and momentum.
Of course, it would be the best to do both FA and TA, but in these days, retail traders and individual investors, like us, have time/technical limitations to receive information, analyze it, and immediately reflect it in investment. It is not enough that there are various kinds of false information to deceive the traders, and even if it is reliable information, it is highly likely to start at a loss even if it is received a little later than others. It is useful to spot large market trends in the long run, but when this information reaches the public, it is likely that it has already been priced in by institutions (Big Parties). Without huge information power or a computer that can perform FA quickly and accurately, it is difficult to survive in this market with only FA. There is a risk that is too great to carry out an investment with only one FA standard.
Therefore, to make a successful investment decision, you need to find a more precise trading position through TA, and in the end, if you are a skilled investor, you must learn TA.
The dictionary meaning of TA is known as a technique for predicting future market trends by examining a tool called a chart that digitizes the overall price volatility and momentum of a product. I'm someone who doesn't fully agree with this meaning. The term “prediction” itself is a very dangerous word. Even the most talented investors in the world cannot predict future prices unless they are gods. Technical analysis is closer to the realm of response than prediction. For this reason, our traders look at the charts and always have various possible scenarios in mind and come up with appropriate countermeasures accordingly.
With less than 10 years of trading experience, if I dared to define the meaning of the term technical analysis, I would like to say: Personally, all TAs are based on historical data, and through various theories (or methodologies) and technical indicators, first, probabilistically identify the market trend, that is, whether the price is an upward trend or a downward trend, and then determine the price action, that is, support resistance. I think it is an analysis technique that derives the sections with high probability.
Some of you may have questions like this. “No, how do you find a trend and price action interval by looking at only historical data?”
This is the reason I fell in love with market analysis. This study called technical analysis is a technique that statistically patterned and quantified the psychology of investors (greed, doubt, fear, etc.) with a lot of data from the past. Surprisingly, external variables that can affect the market, such as good news/bad news, are also reflected in this probabilistically. There have been many times when I have felt the greatness of technical analysis, and there were many times when good news/bad news came out amazingly at just the right timing in situations where there was no choice but to rise or fall referring to the chart. Of course, there are situations where Big Parties leak news to the media to take advantage of popular psychology, but even the pattern, timing, or frequency of such good news and bad news is reflected in the study of technical analysis.
Anyway, once you have probabilistically derived the market trend and price action section through TA, you need to design a trading strategy according to the situation. There are words that I keep emphasizing like nagging. Just looking at the charts doesn't mean you're good at trading. This trading strategy includes how to structure the portfolio, how to design the profit/loss ratio/range, how much seed to enter, high/low multiplier, and how to set up profit/loss response strategies.
In addition, a well-designed principled strategy is essential to prevent non-thinking trading. This principled strategy is easy to design, but incredibly difficult to follow and implement. No matter how well technical analysis and trading strategies are formulated, these principles are of no use if they are not well designed or adhered to. There are individual differences, but honestly, I don't think there is an answer to the principle strategy other than learning or mastering it through long-term practice or entrusting your own technical analysis/trading strategy to a machine/computer/algorithm. The fewer human emotions are involved, the higher the success rate, but how can you trade without emotions when your money is at stake? It's hard. One tip is to start trading with a small amount that you don't mind losing if you want to learn principle trading well. It doesn't matter if you lose it, so you'll be less empathetic that much, and you'll be able to increase a seed little by little.
We must become traders who always think of risks (losses) before rewards (returns). Please keep this word in mind. For example, in a trading setup that costs 10 million dollars if you make a profit and 10 million dollars if you lose, rather than a mindset like “Oh, I want to win 10 million dollars quickly~”, “I may lose 10 million dollars. You must trade with the mindset of “Let’s be prepared.” This will naturally match the seed to your bowl.
Then I'll wrap up for today.
Until now, this was Tommy of the Tommy Trading Team.
Your subscriptions, likes, and comments are a big help to me.
Thank you.
$NVDA - Seasonal Tendencies burning out - March will be The TimeI'm not one to pick what stocks are going to do, But knowing that Smart Money will work on every Market, I believe this is the best-case scenario. Price seemed to have hit a low around 208., then make a short term high near 240, and them come right back down before it moved higher than that 240 high breaking market structure. And it has not created a lower low. This tells me that we should be on a pivot in price that should start taking us to higher prices. Yes, we'll still get pullbacks, but I don't believe we're going to be getting lower.
In Smart Money, there is basically 3 stages to the market cycle. 1. Manipulation (to scare you into selling) 2. Consolidation (To Keep you guessing if the market will ever come back so you sell more) 3. Distribution. (Now that retail; was dumb to sell all of their assets, the deep pockets have bought everything up cheap. I believe we were going through manipulation at mid-November early December - and I believe the consolidation is beginning to where we may see the price maybe a run and come down, run come down, run come down, you get the point. Look at this chart for example.
This is primarily a long consolidation period on NVDA betweeen August 2020 and July 2021. So I know it may seem discouraging right now with the Nasdaq stocks not doing too well. I saw hang tight, this happens. We've been through worse. If anything it's a good time to learn how to scalp Crypto and Forex.
Also if we hit the erntry I have marked three take profit areas, because you always want o take home something for every trade because it could turn against you.l
Good Luck and Good Trading.
NASDAQ:NVDA
BCBA:NVDA
NVDA
MOEX:NVDA-RM
MIL:NVDA
SIX:NVDA
Nice and EasyWe were actually expecting 1.09900 to hold price for a bearish trend but we were wrong. Stop loss orders were taken above 1.09938 and hit our second invalidation point at 1.10133 and broke the 4H swing low so we're expecting a pullback to get short as you can see on the chart targeting sell stops below that 1.08059 level.
NZDCHF BULLISH MOVE UP TO ORDER BLOCKHIT THAT BIG FATTTTT LIKE BUTTON AND SHOW SOME LOVE TO YA BROTHAAAA!!! The price is expected to move up and continue its current bullish progression to the next order block level (red box) WITH A POTENTIAL PULL BACK AT THE 61% FIBONACCI POINT WHICH IS ALSO AT A TREND LINE !!! After that oullback I predict it will continue but DO NOT ENTER if price is near that level when you read this UNLESS it has pulled back already. GOD BLESS.
What is an Order Block? 🎯Why are order blocks formed?
Order blocks are created when a breakout move doesn't go to plan.
If banks get caught in a fake breakout move, they aren't going to sit and cry about it.
They are going to push the price back up/down so that they can close out of their negative positions to join the correct side of the market.
Stop using order blocks that have no logic, widen your chart perspective.
Capitalizing opportunities in EURUSDOnce the short distribution is over I'm waiting for the contrary distribution that has really strated and is almost over, I want to capitalize the next buy movement.
Price is in the order block and price is giving a 75% of discount for the previous interest movement.