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Simple 3 Candle Swing MTF Alignment

  • #1
  • First Post: Edited Sep 19, 2022 9:56pm Aug 18, 2022 1:41am | Edited Sep 19, 2022 9:56pm
*** PASSIONATE *** PATIENCE *** DISCIPLINE ***

as i was going through the 2022 ICT mentorship youtube, i wondered whether it will be too daunting for a newbie trader.
so i pick some ideas from there hopefully that a newbie trader can understand easily.

1. 3 candle swing (d1 and above for directional bias)
2. premium (above fib 50) and discount market (below fib 50)
3. time of day (europe and new york sessions)
4. around key support n resistance, use lower time frames 3 candle swing to be in alignment in the same direction as d1 (or higher).
5. a higher time frame 3 candle swing may appear as head n shoulders in lower time frames.

when can you be wrong?
when the trend changes.
when there is major news events.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2
  • Aug 18, 2022 2:23am Aug 18, 2022 2:23am
1. d1 swing high short bias.
the 2nd swing high is not completed yet but in progress of anticipation.
in premium market for short in view of the low to high range.
2. h1 swing high formed
3. almost frankfurt open
4. m5 swing high in alignment with d1 and h1.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3
  • Aug 18, 2022 3:16am Aug 18, 2022 3:16am
Hi @inthebox,
nice and easy to understand,
keep it up bro ,
subescrubed , best regardes
  • #4
  • Aug 18, 2022 7:58am Aug 18, 2022 7:58am
1. d1 swing high short bias.
the 2nd swing high is not completed yet but in progress of anticipation.
in premium market for short in view of the low to high range.
2. h1 swing high formed
3. new york session
4. m5 swing high in alignment with d1 and h1.

price risen upon london open.
no h1 swing high formed during those time would have kept one from shorting.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #5
  • Aug 18, 2022 2:47pm Aug 18, 2022 2:47pm
Thanks @Inthebox for taking the time to put together these posts.
It really helps with directional bias which has always been a weak point of mine.
Empty your mind and let the market guide you
  • #6
  • Aug 18, 2022 7:47pm Aug 18, 2022 7:47pm
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Hi inthebox,
Are the cable swing low and bias right?
  • #7
  • Edited 9:52pm Aug 18, 2022 9:37pm | Edited 9:52pm
Quoting KevinZeng
{image}Hi inthebox, Are the cable swing low and bias right?
yes that was a swing low.
my reply would be some what the same as the following.
https://www.forexfactory.com/thread/...6#post14104456

i mentioned in the beginning #post 1.
when can you be wrong?
when the trend changes.
when there is major news events.

i try to expand on this.
it will take quite some time to establish a change in trend direction.
more likely price will consolidate and range before deciding which way to move.

let's say that you saw the d1 swing low and decided to be bullish on the 18aug.
but you are not sure whether price will be ranging or not.
2 suggestions:
- go to higher time frame w1.
the impulse wave is down and there is no swing low.
- go to lower time frames to see more details.
trading at the right time of day will save you some money.
trading the m15 will lose money.
do you know why?
price went downhill after new york open

do not forget that there is another option - not to trade on 18aug.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8
  • Aug 18, 2022 9:47pm Aug 18, 2022 9:47pm
Quoting Inthebox
{quote} yes that was a swing low. my reply would be some what the same as the following. https://www.forexfactory.com/thread/...6#post14104456 i mentioned in the beginning #post 1. when can you be wrong? when the trend changes. when there is major news events. i try to expand on this. it will take quite some time to establish a change in trend direction. more likely price will consolidate and range before deciding which way to move. let's say that you saw the d1 swing low and decided to be bullish on the 18aug. but you are not...
Nice explanation!Thanks.
  • #9
  • Aug 19, 2022 4:00am Aug 19, 2022 4:00am
price should go down right?
the d1 say so.
2 hours into london open and this is ranging consolidation but why?
there is no d1 swing low right?
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  • #10
  • Aug 19, 2022 4:27am Aug 19, 2022 4:27am
see the w1 candle low support.
price previously shot up from there.
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  • #11
  • Aug 19, 2022 6:33am Aug 19, 2022 6:33am
the strength of usd
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  • #12
  • Aug 19, 2022 10:42pm Aug 19, 2022 10:42pm
a review.
d1 directional bias is down but we have a w1 18jul low support to contend with.
during london session, h1 swing high formed
m5 short set up below 25ema.
price broke through the support.
during new york session, h1 swing low and high formed.
m5 counter trend set up below ema.
either not take or if taken loss incurred.
then a short set up below ema.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #13
  • Aug 19, 2022 11:32pm Aug 19, 2022 11:32pm
Correction. The long did not trigger the 3rd candle high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #14
  • Aug 22, 2022 3:07am Aug 22, 2022 3:07am
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ITB - Seeing Orderliness amongst 'Randomness'
  • #15
  • Aug 22, 2022 3:17am Aug 22, 2022 3:17am
Quoting Inthebox
{image}{image}
hi Inthebox,
You used H1 and M5 to trade. Now you use M30 and M5?
  • #16
  • Aug 22, 2022 3:29am Aug 22, 2022 3:29am
Quoting KevinZeng
{quote} hi Inthebox, You used H1 and M5 to trade. Now you use M30 and M5?
look at the title.
d1, m30 and m5 are multi time frames alignment.
d1 and h1 only also multi time frames alignment.
whatever time frames combinations also can use.
even m1 or seconds.
the smaller the time frames the less accurate it becomes.

when the time of day comes for trading, the important thing is to flip through all times frames.
very much will depend on what your eyes can see.
ITB - Seeing Orderliness amongst 'Randomness'
  • #17
  • Edited 6:34am Aug 22, 2022 6:22am | Edited 6:34am
Hi Inthebox,
Although I understand the ICT concept, what made you chose the low of July 14th as thebottom to define your premiun / discount with the recent high,
You could have chosen the low on Jul 27th which was the level from which price break up the range.
If we look at the same date the weekly chart, we are clearly in the discount area of the range 0.9950 - 1.0620 / 1.0792, so basicaly you are entering against the larger TF direction.

https://www.forexfactory.com/attachm...l?d=1660806359
  • #18
  • Edited 10:20am Aug 22, 2022 10:06am | Edited 10:20am
Quoting biker883
Hi Inthebox, Although I understand the ICT concept, what made you chose the low of July 14th as thebottom to define your premiun / discount with the recent high, You could have chosen the low on Jul 27th which was the level from which price break up the range. If we look at the same date the weekly chart, we are clearly in the discount area of the range 0.9950 - 1.0620 / 1.0792, so basicaly you are entering against the larger TF direction. https://www.forexfactory.com/attachm...l?d=1660806359
1. from the d1 chart, my liquidity stop was at 1 with equal low. and if taken will proceed to 2.
furthermore, price hit above imbalance. so my directional bias was down.

2. in a bearish downswing, any up closed candle should be viewed as potential shorting candidate looking to rebalance fvg before going back down to take out daily lows, and towards d1 swing low.

3. so i did not choosed the 27jul low as that was my liquidity stop 2.

4. my fib was taken on the weekly swing low, which is what price is trying to reach for today.
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  • #19
  • Aug 24, 2022 5:22am Aug 24, 2022 5:22am
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  • #20
  • Aug 24, 2022 6:07am Aug 24, 2022 6:07am
my screen for an overview.
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