Tuesday, February 18, 2014

1.3680 and the Weekly Trinity Breakout

An overlay chart reveals that a Smart Money Trade Divergence existed.  The GBP broke new highs while the EUR still had not.
A quick glance at the H1 chart reveals that market flow in the short term was bullish.  
A confluence of levels might keep this rally at bay.  Either way, I paid myself.
A combination of all of ICT's tools allowed me to hold my trailing portion over the weekend.  In the m15 and m5 charts above, you could see plenty of buy opportunities that would have gotten you in sync with the market.
So far, this week has been a bit slow.  However, if you are trading using ICT's concepts, you would have been hunting for setups at high probability levels and most likely turned a profit.  1.3680 is a big level for me as I have been blogging about it recently.  Here as well.

Wednesday, February 12, 2014

1.3640 and 1.3680 pipsters

There she goes.  The market trades up to the high probability level of 1.3680 and sells off to another high probability level of 1.3640. Very cool stuff.

The market looks poised to break out of consolidation and resume a trend.

Saturday, February 8, 2014

1.3640 and 80 pips

I got long just before NFP.  Yesterday was a prime example of how news events usually setup an OTE pattern either just before, right after, or even during.  As you can see above, I wasn't in this trade for long.
Yesterday morning's action revealed that the London Open Killzone (currently 2AM-4AM EST) sold the market down to a high probability level of 1.3550 Mid-Figure.  
There it is.  The higher time frame OTE pattern that stopped price dead in its tracks after NFP.  If you missed the long before the event, you could have taken a few pips on the short after the event.  

I drew my fib from the 1.3680 level because that swing lower was the swing that indicated a move lower was coming by breaking the previous fractal low at 1.3628.  I set my target as 1.3640 because of the charts just above and because I've had success with this level in the past.

Thursday, February 6, 2014

Higher Probability Level 1.3540

Just posting another example of how ICT analysis really does help identify high probability levels.

I wonder if the market has found a low or if we will continue to blow out stops by heading lower.

Four hour market flow currently dictates that the market will head lower. I have hit my goal for the week and may just sit out for the rest of it. I am inclined to believe that I will sell any rallies. 

Wednesday, February 5, 2014

High probability level 1.3540

After last week's sell off the market has been consolidating. Since we have started to consolidate I've been watching the 1.3540 level. This morning's London open saw the market run stops above this level. When an OTE sell pattern developed I took the short at the 79.3 fib.