Ahmed chart to study this week

2. Mai 2023Assalamu Alaikum,
Posting this as a means of study. My thought process is we move into a discount array so Tuesday I would have a bias to go lower and I would want to see either Wednesday or Tuesday make a low of the week before running for Buyside at 4244.00. Tough week this week because of FOMC Wednesday afternoon and NFP Friday making it low quality trading like I saw today this Monday.

Inshallah good learning!

2. Mai 2023

Kommentar

Tuesday daily candle just closed. Daily candle went lower as expected into Daily Time Frame FVG.

This was a beautiful setup that happened at 02:00 during London, God is punishing me for not waking up for tahajjud. We have a move up after midnight open but since we are expecting lower prices we know this is just the daily candle making a high of the day in the form of a Judas Swing. That being said, we can anticipate to sell inside the breaker (green box) I'm not going to explain what a breaker is or an ORFVG but they are both premium algorithmic arrays that the algorithm refers to as shown to you and will continue being shown through this week. I hope you are taking notes and adding the lipstick to your own chart and this effort is not going to waste.


MSS - Market Structure Shift
LRLR - Low Resistance Liquidity Run
Any of these terms or other terms on the chart can be asked about to the AI which will explain and direct you to video references giving clear explanation and examples by ICT @ ictindex.io/

What do I expect tomorrow?: UP! Not much in the morning because we have FOMC at 14:00 which will be very exciting, crazy and volatile price action for the neophyte unexperienced trader. Great afternoon session to witness and study.


Until tomorrow evening, be safe.

3. Mai 2023

Kommentar

I admit I was wrong on my bias but that is ok I adapted fine. Lost no money today the charts told me what I needed to know. The next target is sellside at 4068.75 and then down to the next Daily FVG to see how it will react to price. Right now we are in a Weekly FVG, I'd like to see that turn from support to resistance.


Watch how nicely price associated with the FVG. It first supported price and then eventually turned to resistance. that trade back up into it at 16:00 was so that smart money could reprice into it and send it lower since FVG are seen as inefficiencies in the market place which price can use to become efficient.


This was a turtle soup short. We drew the buyside liquidity (high of day) and displaced lower leaving a FVG inside the displacement range that you can use to sell. We traded down to exactly -1 deviation from the fulcrum point to make the low of the day by the tick.

3. Mai 2023

Kommentar

Two more plays from this morning Wednesday. Not the best quality because it's ahead of FOMC but the same logic still applies. These setups are both Institutional Order Flow Entry Drills (IOFED)

Was at gyms when both of these formed.

I had framed this setup but I stopped myself from taking it why? Because it was ahead of 10:00 economic news release and I didn't want a repeat of Monday when a similar play presented itself ahead of news. Am I mad I missed it? No. After all, it repeats everyday.