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Sterling Trading Jornal

  • #41
  • Jan 19, 2022 1:46am Jan 19, 2022 1:46am
Thank you MM , I get it

I just wonder that do you look at the daily chart also or only 1H
because daily timeframe also at the ote of the last swing high .
  • #42
  • Jan 19, 2022 2:04am Jan 19, 2022 2:04am
Quoting SimpleBoy
Thank you MM , I get it I just wonder that do you look at the daily chart also or only 1H because daily timeframe also at the ote of the last swing high .

I apologize...some times I talk to much

I make a Top Down analisys every day..every week...everey month...I mean during week days I start to look at Daily chart down to 5m.
During weekend's I look from Weekly chart down to 5m and at the start of each new month I look from Montlhy TF down to 5m.

I did noticed that price is at OTE in HTF...but that means nothing if we don't have a narrative behind it...just like any other ICT tool, alone it will elude you with false signals. At some point you'll see price at OTE moving up and down all the times...what makes it " break " and not working is the lack of a narrative behind it or a wrong one.

Peace
  • #43
  • Jan 19, 2022 2:25am Jan 19, 2022 2:25am
It's ok
no worry

  • #44
  • Jan 19, 2022 8:47am Jan 19, 2022 8:47am
after the price filled daily FVG
and it does not make any break of structure today and it seem not to

so today does not create scenerio for tomorrow to buy . right?

anotherway price on 1 H it come to OTE and the OB area
but there is already far from Liquidity pool above , price is in FVG area and more importantly market is in the way up.

i should not trade and should wait for more clue. right ?
so can you hint me abit that what clue i should looking for to catch a next good setup ?

Thanks, MM
  • #45
  • Jan 19, 2022 10:27am Jan 19, 2022 10:27am
Quoting SimpleBoy
after the price filled daily FVG and it does not make any break of structure today and it seem not to so today does not create scenerio for tomorrow to buy . right? anotherway price on 1 H it come to OTE and the OB area but there is already far from Liquidity pool above , price is in FVG area and more importantly market is in the way up. i should not trade and should wait for more clue. right ? so can you hint me abit that what clue i should looking for to catch a next good setup ? Thanks, MM
As always it'll depend on PA...

For a more conservative approach you gonna need some confirmations from PA.
One that I like and it's very simple:
Wait for a swing low or swing high to form - it's a 3 daily candles pattern so you need to wait for today's close.
If we have a swing low formed on the Daily TF tomorrow, you will want to see price breaking and making new highs.
So day 3 forms the low and day 4 went higher, on day 5 you start to look for the buy signals.

If you want to be more aggressive you can start to look for buys on day 4.

Price can brake structure in the 1H TF for exemple and not brake the daily and/or 4H...when price is moving down and then turns, it starts to break structure from LTF to HTF ...so it'll depend on the TF you're seeing. That's why if you ask many different traders what is their Bias you'll get both because they will see different TF.

Another good confirmation is the IOF, if the Daily, 4H and 1H all agreeing on same direction. Only 2 TF will do, but with 3 or more you'll have more odds on your side.

Peace
  • #46
  • Jan 19, 2022 10:18pm Jan 19, 2022 10:18pm
Thank you MM
  • #47
  • Jan 20, 2022 12:09am Jan 20, 2022 12:09am
Quoting SimpleBoy
Thank you MM
You're welcome

Noticed we didn't had the " Judas Swing " this LO? As the ICT's " Power of 3 " says?

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Edited: Expecting expasion...big Daily candle formation
  • #48
  • Jan 20, 2022 3:05am Jan 20, 2022 3:05am
you mean if it does not have judas swing as a manipulation phase , it have a chance to create a daily big candle


now price go downward slowly in 15m 30m 1h imbalance

do you still expect big candle for today
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  • #49
  • Jan 20, 2022 3:26am Jan 20, 2022 3:26am
Quoting SimpleBoy
you mean if it does not have judas swing as a manipulation phase , it have a chance to create a daily big candle now price go downward slowly in 15m 30m 1h imbalance do you still expect big candle for today {image}
The likelihood of big range ( expansion - up or down ) is due to volatility filter I use

Yes I'm expecting big range day to happen soon , it doesn't mean it has to happen today...could be today but can also happen tomorrow.

Peace
  • #50
  • Jan 20, 2022 5:33am Jan 20, 2022 5:33am
MM
can movement downward unto 1.3600 in london session be a judas swing ?
Do you think will price move up and break previous day hign in the NY time
  • #51
  • Jan 20, 2022 6:07am Jan 20, 2022 6:07am
Quoting SimpleBoy
MM can movement downward unto 1.3600 in london session be a judas swing ?
As I see it yes and no

Try to see every Session as it has it's own Judas Swing...

Having that said LO session didn't had a down move ( Judas swing ), price came out of Asian in consolidation, continued into LO session then brake higher taking the buy stops...made a reversal and trade lower into NY session.

At NY Open Session Price was trading at a Discount Array ( as ICT says...Time.....and Price ) and filled that 1H Imbalance that you refered to, also that lvl almost converges with the 1H OB Mean Threshold...and price rejected that lvl...all this before the Mid Impact news coming out.

Quoting SimpleBoy
Do you think will price move up and break previous day hign in the NY time
That's what I'm aiming for

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That's the last 2 week's free FTMO account...I didn't want to mess this weeks gains
Took it as practicing...after all the accounts are demo

Peace
  • #52
  • Jan 20, 2022 8:21am Jan 20, 2022 8:21am
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Took 1st TP - Half position
Letting remain running...
  • #53
  • Jan 20, 2022 8:22am Jan 20, 2022 8:22am
Quoting MM-MineMan
{quote} As I see it yes and no Try to see every Session as it has it's own Judas Swing... Having that said LO session didn't had a down move ( Judas swing ), price came out of Asian in consolidation, continued into LO session then brake higher taking the buy stops...made a reversal and trade lower into NY session. At NY Open Session Price was trading at a Discount Array ( as ICT says...Time.....and Price ) and filled that 1H Imbalance that you refered to, also that lvl almost converges with the 1H OB Mean Threshold...and price rejected...


I not sure i understand what you said
you said that every session , london newyork, has its own false direction in first time/judas swing before their main move .



Quote
At NY Open Session Price was trading at a Discount Array ( as ICT says...Time.....and Price ) and filled that 1H Imbalance that you refered to, also that lvl almost converges with the 1H OB Mean Threshold...and price rejected that lvl...all this before the Mid Impact news coming out

I'm not sure i understand Discount array.
Does discount array mean
trade in the killzone time
and in a significant level price , and in this NYO it trade at OB mean threshold (am i right?)


price rejected that lvl

i don't know what you mean can you explain this word to me
does it mean price prone to go down from that level becasuse its PA in 5m chart ? ,but after the news it go up instantly.



.
  • #54
  • Jan 20, 2022 8:40am Jan 20, 2022 8:40am
Quoting SimpleBoy
{quote} I not sure i understand what you said you said that every session , london newyork, has its own false direction in first time/judas swing before their main move .
Yes...but doesn't mean 100% of the time...sometimes they will not do that Judas Swing.

Quoting SimpleBoy
{quote} I'm not sure i understand Discount array. Does discount array mean trade in the killzone time and in a significant level price , and in this NYO it trade at OB mean threshold (am i right?) .
Discount Array it's a level below Equilibrium.

Quoting SimpleBoy
price rejected that lvl i don't know what you mean can you explain this word to me does it mean price prone to go down from that level becasuse its PA in 5m chart ? ,but after the news it go up instantly. .
When I said price have rejected that lvl 1.36 big fig means it traded down to 1.36 and moved away up quickly...first time it left a wick on the 5m TF...

Peace
  • #55
  • Edited 8:34pm Jan 21, 2022 8:18pm | Edited 8:34pm
Quoting MM-MineMan
{quote} The likelihood of big range ( expansion - up or down ) is due to volatility filter I use Yes I'm expecting big range day to happen soon , it doesn't mean it has to happen today...could be today but can also happen tomorrow. Peace

is this a kind of big daily candy that you expect to see from your volatility filter ? .
Attached Image
  • #56
  • Jan 24, 2022 8:57am Jan 24, 2022 8:57am
Quoting SimpleBoy
{quote} is this a kind of big daily candy that you expect to see from your volatility filter ? . {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-01-24 17.44.50.png Size: 166 KB


Today we have that big candle formation... The volatility filrter is nothing more than a simple mesure of candles range...small ranges big ranges...when candles bodies become smaller and smaller, a big candle can be expected soon after small ranges...this can be found on every time frame.

I was expecting Price taking that swing high and than turn down this week for FOMC News...guess I was wrong

I'm sorry for taking a bit to reply...I just become father again a little girl this time

Peace
  • #57
  • Jan 26, 2022 7:45pm Jan 26, 2022 7:45pm
congratulation MM

my older sister also deliver her first baby , girl, on last saturday.

I wish you and your family for the best .

I will not bother you in this time because of newborn baby.

ICT just start his free 2022 mentorship on youtube. So i will learn from his video instead of asking you in this moment.
the lesson on the 3 episode ,he teaches about Market structure shift ,the PA in nasdaq index that he teach in the video
is exactly what it happen in tuesday cable's PA. Wow that draw my interest. and he will continually does a video maybe untill fourth month.
That will be a lot of lesson that I have to absorb from him.

Thank you
  • #58
  • Jan 26, 2022 10:06pm Jan 26, 2022 10:06pm
Quoting SimpleBoy
congratulation MM my older sister also deliver her first baby , girl, on last saturday. I wish you and your family for the best . I will not bother you in this time because of newborn baby. ICT just start his free 2022 mentorship on youtube. So i will learn from his video instead of asking you in this moment. the lesson on the 3 episode ,he teaches about Market structure shift ,the PA in nasdaq index that he teach in the video is exactly what it happen in tuesday cable's PA. Wow that draw my interest. and he will continually...
Thanks SimpleBoy

Definitely you should follow him and studie his videos and you're always welcome asking questions...
It's my pleausre to be able to help in nsome form you can keep asking...no worries, but I understand that now your time will be filled studying ICT's videos

Congratulations for your Sister...wish them and you all the best also

Peace
  • #59
  • Jan 27, 2022 12:48am Jan 27, 2022 12:48am
Quoting MM-MineMan
{quote} you can keep asking...no worries,

Thanks MM,

from your conservative approach that you teach me
swing high was formed from last week and day 4 it break the day 3 candle in downside.
So day 5 I can start to look for sell signal.
Attached Image
  • #60
  • Jan 27, 2022 1:03am Jan 27, 2022 1:03am
even the FOMC price still respect the imbalance in 15 min.

my question is

if I take a trade on this pink line and there are not Fomc, is the stop on red line appropriate?




Thank you ,MM
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