Unbelievable{image}
Cable Update (GBPUSD)
- #711,222
- Dec 2, 2022 11:48pm Dec 2, 2022 11:48pm
- Joined Apr 2020 | Status: Offline | 3,298 Posts
{quote} Makes sense Bilal Bhai ? Does it make retail concepts valid? Whenever price breaks a level it creates FVG ,i think that's the reason behind the break and retest theory the price returns to the FVG created {image}
I feel to work the breakout and retest may not fit 100% here notice the red line is also a FVG, price has to stop right there once it is filled would be a good Retest and a confluence level Prev day / Month high as well, but price didn't stop there until it sweeps the prev H4 candle, we but can say it is a Fake out.
Notice how market maker adds their order for longs some one SL should be there, this is just a theory unless we see the real orders but thats how we have learnt over the experience market maker takes our prev lows and highs before moving to its direction i.e., following fundamentals, market has the capacity to deep retrace against the fundamentals too.
So trade what you see, it all game of probabilities, the more chances you keep the higher the probability to recover and successful based on method which gives good R:R,
Even 99% successful method can be fail too
if its 1% loss bigger than its 99% gain.Inserted Video
"Exchange of hands"
- #711,223
- Dec 3, 2022 2:33am Dec 3, 2022 2:33am
- | Membership Revoked | Joined Oct 2022 | 12,229 Posts
Goddess of Thunder..
- #711,225
- Edited 4:12am Dec 3, 2022 3:48am | Edited 4:12am
- Joined Apr 2015 | Status: Trader | 1,067 Posts
"the public is not yet ready for it" W.D. GANN
- #711,226
- Dec 3, 2022 5:19am Dec 3, 2022 5:19am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,072 Posts
- #711,228
- Dec 3, 2022 5:52am Dec 3, 2022 5:52am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #711,229
- Dec 3, 2022 6:10am Dec 3, 2022 6:10am
- Joined Sep 2017 | Status: Trader | 4,362 Posts
{quote} And so it is. My 50% Fib retrace at 1.22866. I could look to take some buy trades off the table. Trade safe. Cheers. {image}
Very significant to me is a weekly close above my 2 year 50% Fib retrace at 1.22866. Price currently standing at 1.22909. If you have followed weekly candle closes as long as I have you will understand the significance of it. We have almost a full bodied weekly candle and this is very bullish in my opinion. I.o.w we closed almost at the top of the week. My future weekly pivot at 1.21655 ish certainly a magnetic draw line for retraces and I will monitor price action around this area for buy entries. My monthly res 1 at 1.2422 certainly becomes more attractive.
Cheers.
Trade to trade another day
- #711,232
- Dec 3, 2022 8:04am Dec 3, 2022 8:04am
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Don't compare your trades to others. Most often the masses are the asses
- #711,233
- Dec 3, 2022 8:09am Dec 3, 2022 8:09am
- Joined Sep 2017 | Status: Trader | 4,362 Posts
Trade to trade another day
- #711,234
- Dec 3, 2022 8:12am Dec 3, 2022 8:12am
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Don't compare your trades to others. Most often the masses are the asses
- #711,235
- Dec 3, 2022 8:37am Dec 3, 2022 8:37am
- | Membership Revoked | Joined Jun 2021 | 1,876 Posts
How to succeed in zero sum game?
- #711,236
- Dec 3, 2022 9:07am Dec 3, 2022 9:07am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
{quote} but Bilal, why someone needs to look for a FvG if there is breakout strategy? I could argue that the reason it came back there was because of the BO/RT. I could also argue that maybe it was both? with ict and his stuff im not just being a d*ck but ive been familiar with his teachings alot. Me and two of my other friends we went through with ict stuff for almost a year, everything. We have his mentorship over 12 months etc. all of it and i wouldnt say its super good and I havent found actual profitable trader that uses his stuff for longer...
Please trust that, the only thing make you save your equity is risk management, its is not ICT not supply and demand, elliot wave, wyckoff and we are all free to choose any method which we resonants with.
Yes, false break out and retest is an excellent setup to me in retail world but what are the precursor to the scenario, it is sweeping old high or lows or both tapping into a fvg and sweeping old highs. Or sweeping old highs and low and filling the fvg to the pip and reverse. No other method come close to it is what i feel and to you its all bullshit thats fine. No fuss we can always be respectful while keeping different views.
Since what is complex to you is simple to me
Well for the sake of argument trust me you cannot argue BO/RT to me because i can show you on the same chart it is not and why not this and why not that candle for entry and you wont be able to answer to my questions like i asked earlier on this thread and get my share of beating, which i responded head on though he knows about and why it but wouldn't share it, i am sure.
I dont need to convince you or anyone to learn ICT because to me it is the method for me, like any other person share his view, with full of indicators and analysis, i do mine when i wants to but if anyone have an issue with ICT, i cannot help him. Sorry.
Stay blessed.
Regards
Bilal
"Exchange of hands"
- #711,240
- Edited 1:01pm Dec 3, 2022 12:39pm | Edited 1:01pm
MY PIC : GU M5 NF Yesterday !!!They control the price very well. ------------------- GU < 1.20549 : 1.23266..........................1.16440 I BELIEVE GU = 1.16490. {image} {image} {image}
NEW MY IND :
Buy : Rsi > 30
Sell : Rsi < 70
