Unfortunately, i won't bee posting a YouTube video, as my mic has packed up. It was terrible anyways and I have ordered a new one so the videos should be rolling out again by next week. sorry about that. this means that my breakdown won't be as in depth, as it is too time consuming for me. Therefore, I will show the trades, the execution and a brief description of why I took them.
5 Trades this week:
Monday-EURGBP Sell. Price broke above a Weekly range into a small Weekly FVG and heavily retraced towards the end of last week. This was towards the end of the month where the Monthly candle PO3 will cap. My eyes then drew to the internal draw on liquidity being the Daily BISI. That's my DOL and then we opened up on Monday, broke above a range and then formed a 15M PDA through an OB, which I entered on and riding it down to the DOL. Beautiful.
Monday-Nasdaq Buy. Price dropped down into a Daily Breaker, which turtle souped the lows and in a bull market, these levels will be respected nicely. We broke below a 15m range into this key level and had a CISD through a 5M OB and 15M OB, which I entered off of and rode it to the range highs. Simple. (on my broker the Nasdaq reached the range high)
Wednesday-Cable sell. Price broke above Monday's range on Tuesday and never closed above it forming the Tuesday HOTW profile and then the DOL was Monday's range low. Monday's range can be used the same was as the Asian range(little gem). We broke above into a 4HR breaker and FVG which was created when it formed the Tuesday HOTW, which turtle souped Monday's highs, which meant it was high probability PDA's. I took a turtle soup entry, as I was expecting an explosive move down and it worked perfectly. Note how cable didn't reach Monday's low on that day yet I still closed my trade. This is because the Dollar Index reached Monday's high and the pound didn't reach the low. This is SMT and notice how we reversed back up after this. This is the power of SMT and understanding it is crucial to success. I exited not on the SMT, but when we had displacement to the upside on cable showing that the LOTD was in. The beginner ICT trader may have not seen this and this is why time on the charts is crucial to be aware of this.
Last trades of the week on Thursday-Cable and EU buy. The majority of my analysis came on thee Dollar. As I discussed in the previous YouTube video on the coming week of the market for this week, I stated that I expected the Monthly candle Po3 to cap at the 50% of the Weekly RJB. This is exactly what it did and this once again is my own personal model of my end of month model. We hit this level on DXY and we hit a key level of the body of the Weekly OB on EU. Combining this with the time of month and time of week (Thursday which can often cap the Weekly Po3) this is a key level at 2 key times. An extremely high probability trade, which I suggest you all study close. We hit it, formed a bullish 15M OB on EU and I entered. I also entered on cable, as I seen the SMT showing much more strength in cable so I entered on cable as I knew that would be stronger than EU. I exited on SMT w cable as well, as cable reached the range high while EU didn't. This was also a great exit using SMT.
Overall pips for the week-102
Overall points on Nasdaq-172
This was a great week for me and things worked out nicely. I am on Easter break from school currently, which has allowed me to be more active in the markets and on my journal and thread here. It's helped me massively, as it's less stressful leading to a clearer mind when trading, which is essential. I hope this was useful to you guys and I'll get the YouTube videos going again possibly by next week if the mic comes. Have a great Easter!
Hey Robbie. Just found your thread after searching for some more clarity on Romeos content, Thanks for the posts. Would be happy to share ideas on telegram if you up for it,
As we enter the new quarter, with our quarterly shift and the extreme bearish month seasonally on the Dollar Index. Wee just broke above this high and I expect this BISI to be filled as the draw on liquidity. Classic example of fundamentals lining up with technical and time. I am expecting the British Pound to be more bullish over thee Euro, as the technical support this more and the seasonal chart shows an extremely bullish pound more so than the Euro for April.
Also, notice the commercials were beginning to leverage up net long positions quite strongly, which also supports this idea. This is the same across all currencies.
Perfection. 'Every entry is an exit and every exit is an entry.' Amazing week for me and many profits. When technicals, fundamentals and time match eachother, it's unstoppable.
Although I’m bearish DXY and leaning towards a more bearish bias for the rest of the week, we are currently in conditions of trapped orderflow. Respecting bearish PDA’s and bullish PDA’s. Until we start breaking through one way, not trading currencies.
No weekly forecast for me from today. No expectations for the week so far. HTF is a mixed bag on currencies for me. For this week I will just trade the weekly profile and what it shows. Will post thoughts if I see anything.
