I’m out of both the s&p500 and euro. Smt with nasdaq shows s&p is the weaker market. Booked nice profits, looking to enter euro lower for maybe a high of the week tomorrow on dollar.
My ideal scenario for the ES. Consolidate in that 4HR candles range and then break out forming a MMSM to ride it down during New York, but when is anything ideal in trading?
Turtle soup on Euro today. Like I always say. Candles are ranges and they are either falsely or truly broken. Trading within the 4hr candle overnight. Broke above it in to a HTF key level. The rest is beautiful. Targeting the opposing end of the range. The reason why I was comfortable taking it ahead of news was the HTF key level. When there's a clear draw on liquidity with HTF key levels supporting price one way I'm not bothered about news.
My ideal scenario for the ES. Consolidate in that 4HR candles range and then break out forming a MMSM to ride it down during New York, but when is anything ideal in trading? {image}
Hi Robbie, I am one of the people who paid for Romeo sharing session. However, I still cant really grasp the inputs been shared. Hope, I can learn from u here and u are open for discussion in the way u see the market.
I am curious to know how you determine ranges? Is there any sets of rules that u used to define a clear defined range? Because most of Romeo's trading style if fading the breakout or maybe same as deviation trading. However if u got your range wrong, your trade idea will be wrong too.
Hi there. Thank you for viewing my thread/trading journal/discussion page. There are many ways i determine a range. But the most simple one is a clear swing high and clear swing low. And then after that we chop around within the swing high and swing low. This first example is just a clear swing high and swing low and after that we were chopping around in it. You can visually see the chop and if we are rejecting highs AND lows we are clearly in chop. This usually happens within a range. This is obviously an easy example. I understand sometimes they may be hard to define but it’s all about back testing and training your eyes to see these ranges. I’ll talk about the second way I define a range which Romeo spoke about in his new course in the next thread message. However I am no master of this, I am still a student myself and still learning. I am no where near perfect but I hope I can help you out.
The second way I use ranges, which I’m learning to love is this. ‘Candles are ranges.’ And ranges are either broken truly or falsely. This was a trade I took on euro yesterday. This is the range on the 4HR and the 5 min for clarity. Using the theory of candles are ranges worked really well here. We chopped around (rejecting highs and lows) within this swing high and swing low and then broke above it at 3am New York time. I’ve got many trades right with this theory and I had to backtest and forward test a lot to train my eyes to see these types of ranges.
Extra- These ranges ONLY work when considering HTF and order flow. This combined with key levels and liquidity is a gold mine, which works nearly works 100% of the time. This euro trade broke a key liquidity level in terms of IPDA. And usually when bearish it will break this level- retrace higher into a key level and then a true breakout of the level happens. This is what happened here. Combining this with our range, TIME, key levels etc gives us a perfect turtle soup. On this example we broke the liquidity level and retraced. Overnight we chopped around within our 4HR candle (our range) we broke above it at 3am New York time. Into a key level. 4HR FVG and a Daily OB. This all put together gave me that. I know news drove this down, but I’m not bothered about news when I have a clear HTF objective and a HTF stop loss which is supported by a PD Array. This was very in depth, so I am assuming you know all the ICT terminology and Romeo’s terminology. But master what I said in this message and you have gold dust (I haven’t even mastered it yet but I see how powerful it is.) hope this helped and feel free to ask more questions. Have a nice day
I am going to review later why I was calling 1.3600 and eventually 1.4000 on USDCAD. This was a range trade into a key level. I am also going to review i stock I randomly came across (Dollar Tree.) I can’t trade it but will be nice to see how stocks react to it as well for the future
This is interesting. The box is a 3month fvg. Only shit thing is time isn’t aligned. Would wait for the new month to start. Cant trade it anyways, just a case study
. I’m bearish HTF on euro. But was looking for a pullback. Looking for sells now
