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Sterling Trading Jornal

  • #101
  • Edited 8:17am Feb 20, 2022 8:01am | Edited 8:17am
Quoting MM-MineMan
{image}{image}{image}
mm,
These both of your short trades is another level for me . It is beyond my knowledge .

From ICT 2022 video , if I trade on that day, I would take a trade at the breaker after the BOS around 8:30 am NY time
( even so In the real time I would still unconfident in the trade. ) .

but your first sell position is even before the BOS at 8.30 occur and above my ideal entry 8 pips.
and your second entry is under my first target which look scary for me to trade .




SB
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  • #102
  • Edited 10:51pm Feb 20, 2022 10:35pm | Edited 10:51pm
Quoting SimpleBoy
{quote} Yes ,mm . Daily high/low has more weight than a session H/L I have a question ,mm short term swing correction in this sentence = a short term up move ? " That doesn't mean that price won't react to that SMT divergence....most likely it will be a short term swing correcting to resume again lower "
Hi SimpleBoy

Yes a short term up swing

Quoting SimpleBoy
{quote} mm, These both of your short trades is another level for me . It is beyond my knowledge . From ICT 2022 video , if I trade on that day, I would take a trade at the breaker after the BOS around 8:30 am NY time ( even so In the real time I would still unconfident in the trade. ) . but your first sell position is even before the BOS at 8.30 occur and above my ideal entry 8 pips. and your second entry is under my first target which look scary for me to trade . SB {image}...
My 1st entry was on a stop run into liquidity...I sold to willing buyers ( sellers had their protective stop loss above those highs=buy stops and breakout traders buying the break=buy orders )

My 2nd entry was at a FVG

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If you use good management you shouldn't be unconfident...you get confident with your setup seeing it working over and over more times then not..you'll lose!
If you win all the time and don't lose " some " you wouldn't need stop loss!
But that's all natural to feel like that

Peace
  • #103
  • Edited 5:20am Feb 22, 2022 4:50am | Edited 5:20am
Quoting MM-MineMan
{quote} Hi SimpleBoy Yes a short term up swing {quote} My 1st entry was on a stop run into liquidity...I sold to willing buyers ( sellers had their protective stop loss above those highs=buy stops and breakout traders buying the break=buy orders ) My 2nd entry was at a FVG {image} If you use good management you shouldn't be unconfident...you get confident with your setup seeing it working over and over more times then not..you'll lose! If you win all the time and don't lose " some " you wouldn't need stop loss! But that's all natural to...

Thank you ,mm

"Entry on the stop run into liquidity. sell to the willing buyer and buy to the willing seller ."

I will entry a trade with this in mind.
I feel like it's a ICT's principle that can use in all timeframe.
In the big timeframe we can look for the flow with this concept and in the small time frame we can use it for our entry and target .

mm, I have some more question.
Normally, Do you trade on us bank holiday? it seem like the price action still work yesterday.
and the breaker in your chart , isn't it a bearish breaker ? I am confused

Regards,
SB
  • #104
  • Feb 22, 2022 5:44am Feb 22, 2022 5:44am
Quoting SimpleBoy
{quote} Thank you ,mm "Entry on the stop run into liquidity. sell to the willing buyer and buy to the willing seller ." I will entry a trade with this in mind. I feel like it's a ICT's principle that can use in all timeframe. In the big timeframe we can look for the flow with this concept and in the small time frame we can use it for our entry and target . mm, I have some more question. Normally, Do you trade on us bank holiday? it seem like the price action still work yesterday. and the breaker in your chart ,...
Hi Simple Boy
I usually don't trade US Holiday ... Other banks still open so you can see movement but don't expect much volatility in this days... And usually when it's US holiday price tends to rally against dollar.

Yes that's a bearish breaker... Just saw now that I've misspelled sorry

Peace
  • #105
  • Feb 22, 2022 6:03am Feb 22, 2022 6:03am
Entry short at a FVG following the recent YouTube ICT's approach
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  • #106
  • Edited 8:01am Feb 22, 2022 7:40am | Edited 8:01am
Do you use 1 min FVG ? I am just curios.
I saw the stand out FVG on 15 min that occur before the london open in the real time .
even though I still feel not comfortable to open the trade but I gain more confident in my price action reading after saw what it happened .
  • #107
  • Feb 22, 2022 8:59am Feb 22, 2022 8:59am
Quoting SimpleBoy
Do you use 1 min FVG ? I am just curios. I saw the stand out FVG on 15 min that occur before the london open in the real time . even though I still feel not comfortable to open the trade but I gain more confident in my price action reading after saw what it happened .
I was lucky
I've looked at charts my morning and my analisys was point for a bearish scenario and I missed pause time and went a bit later and while smoking a cigar I took a look at charts and saw that price broke structure ( bearish ) and made a retracement. They had filled the gap already and price was working the 1min Bearish Order Block.

That's exactly how ICT says one should practice tape reading...take notes with trend lines of your levels ( entry, SL and TP ) on charts but don't trade it.

Peace
  • #108
  • Feb 23, 2022 9:30am Feb 23, 2022 9:30am
Took a short at LO session
Was expecting a reversal at 1.3620 ( initially had a sell limit at 1.3620 but took it out and waited for confirmation following ICT's " new concept " )
Entered short filling the gap

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1st profit taken at 1.3560

Peace
  • #109
  • Feb 24, 2022 3:05am Feb 24, 2022 3:05am
Another short my morning...
Profits taken...
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I've sold also another gap
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Peace
  • #110
  • Mar 18, 2022 4:09am Mar 18, 2022 4:09am
Quoting MM-MineMan
Another short my morning... Profits taken... {image} I've sold also another gap {image} Peace

Hi , mm
this is US100 CFD or nasdaq index

If you were me , where would you exit this trade ?

i feel like i should exit at the market price here

I don't know if it will continue go up or reverse
ICT anticipate nasdaq will go down till 1.2000.

How about you ?


Thank you
SB
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  • #111
  • Last Post: Mar 22, 2022 10:55am Mar 22, 2022 10:55am
Quoting SimpleBoy
{quote} Hi , mm this is US100 CFD or nasdaq index If you were me , where would you exit this trade ? i feel like i should exit at the market price here I don't know if it will continue go up or reverse ICT anticipate nasdaq will go down till 1.2000. How about you ? Thank you SB {image}
Hi SimpleBoy

I'm sorry for the late reply but I took some time off of the markets.

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Looking at the 1H there's a gap just above price that it looks like price wants to fill it and that's a good " Zone " to sell ( taking profits )
Looking at the daily there's another gap at 16020...we need more information of price at this 14800 gap ( it can sell of at this gap and leave the other one at 16020 to fill at a later time )

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Peace

Edited:
That's a nice reaction from the low...and it's being almost every day an upday...expect a pause or some kind of retracement .
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