Simplified Checklist:
- #TheStrat for bias
- #ICT for OTE
- Time of day
- Liquidity
- Imbalance
- MSS/MSB/BOS
- Displacement
- Premium/Discount
THREAD/
What works 4 me may not work 4 you
Some of my Rules:
- Looking for 3r setups, minimum of 2r before entering trade
- Establish bias using #TheStrat on 12hr, daily, and weekly timeframes
- Skip Asia but note high/low
- Entry has to be in Kill Zone
- Max risk per day is 7 points
6/1 2r Long setup
- London Low swept
- MSS
- m5 FVG
- Time: NY
- Targeting Asia High = BSL swept at equities open
6/2 No clean setup
- BSL did not get swept before equities open move
- Asia Low swept then reversal to take out BSL
6/3 No clean setup
- Asia Consolidation
- Displacement at London open
- Unfilled m5 fvg
- trend day down
6/6 1.6r Short setup
- London High swept
- MSS
- Displacement
- m2 fvg
- Time: equities open
- targeting relative equal lows
- reversal after m5 fvg filled
6/7 2r Long setup
- Asia Low swept
- displacement
- MSS
- m2 fvg
- Time: London
- targeting BSL
- m2 fvg gets filled above BSL
6/8 3.6r setup
- Asia High swept
- MSS
- Displacement
- m2 fvg
- Time: NY
- Targeting SSL
6/9 No clean setup
- Asia high swept
- m15 rebalance
- MSS
- Displacement
- unfilled m5 fvg so did not get filled
- Asia Low swept
6/10 failed 2r Short
- relative equal lows near Asia low swept
- Displacement
- MSS
- m2 fvg
- Time: London
- targeting REH near Asia high
- Choppy day in all sessions
6/13 No clean setup
- No MSS after Asia Low swept
- No MSS after London low swept
- trend day down after previous trading day consolidation
6/14 failed 2.8r long setup
- SSL swept
- displacement
- m2 fvg
- MSS
- Time: PM session after NY lunch
6/15 FOMC DAY
- HOD swept then swept Asia low
- m5 fvg filled below Asia low to reverse back to NHOD
6/16 OUTSIDE YEAR HIT
- outside year hit day after FOMC
- no clean setups
- Asia was extended, London was choppy, NY saw continuation
6/17 2.9r Long setup
- SSL near outside year swept
- Displacement
- MSS
- m2 fvg
- Time: PM session after NY Lunch
- targeting BSL
6/20 HOLIDAY
- No trading on holidays
- Slow grind up all day
6/21 2r setup but no trade due to time of day
- London High swept
- MSS
- Displacement
- m2 fvg
- Time: setup occurred between 5-7AM EST
6/22 4.5r Long setup
- Relative Equal Lows swept during London
- No Displacement but got MSS
- REH created = 🧲
- m5 fvg
- Time: Equities open
- Targeting REH & BSL
6/23 2.7r Long setup
- Asia Low swept
- Displacement
- MSS
- m5 FVG
- Time: London
- Targeting Asia High
6/24 No clean setup
- Asia Low not swept (extended)
- London Low not swept (consolidation)
- Raising Trendline
- No Manipulation before taking out REH
- Major trend day up after equities opening
6/27 4.7r Short setup
- Asia high & BSL swept
- MSS
- Displacement
- m5 fvg
- Time: 11AM
- Targeting SSL at NY Low
6/28 5.5r Long setup
- Previous day’s low swept
- Displacement
- MSS
- m5 fvg
- Time: London
- #SSS50PercentRule triggered @TradeSniperSara
- Targeting Outside day
6/29 failed 3r short
- Asia consolidation
- London Low swept
- Displacement
- MSS
- m5 FVG
- Time: NY
- Targeting h1 FVG premium
- Rejection at h1 FVG
- SSL at daily FVG premium
- Choppy day after volatile outside day
6/30 2.9r Short setup
- m15 FVG filled
- BSL swept
- MSS
- Displacement
- m1 FVG
- Time: PM session after NY lunch
- Targeting SSL
With a top down analysis we will start by taking a look of the economic calendar to guide us for the week. High impact news everyday this week but CPI should cause the most volatility so could potentially eye for Tuesday to set high/low of the week depending on bias & PA.
$DXY | M
Now for charts we will look at HTF then work our way down. Dollar has respected the monthly fvg and is currently right at the monthly range high.
🔸Bias (Draw on Liquidity)
🔸Narrative
🔸Liquidity
🔸Market Structure
🔸Entry Model
🔸Risk/Reward
🔸Preparation, Execution, Management
🔸Time & Economic Calendar
🧡&🔁
In simple terms my trading model starts with #TheStrat for HTF quarterly/monthly directional bias. Once I know this I move down to the weekly/daily timeframes and use #mondayrange, #MMXM, #PO3/#AMD to get my bias for the week and day.
When you understand the narrative and see that there's a clear draw on liquidity for your A+ setup, then it becomes very easy to execute the trade on M1-M5/M15 once there's a significant raid and shift in market structure.
My trading performance started significantly improving once I started backtesting. The goal of backtesting is to practice executing your model over and over again, not a bunch of different models. This quote is a great analogy for backtesting.
Pros to Backtesting:
- Learn if your trading model is working or not
- Improves edge as you collect more data
- Trains your eye to see setups form in real time
- Gives you confidence when executing trades
- You don't abandon model when you go through DD periods
Thread on using confluence to find the stronger & weaker pair🧵
As always everyone should first be looking at DXY closely for confluence when trading EU (EURUSD) or GU (GBPUSD) as these pairs should be moving inversely with the dollar.
Use DXY to determine bias to either go long or short then look at EG (EURGBP) next to determine which pair is going to be the weaker or stronger pair.
Thread on High vs Low Probability Market Conditions & Setups🧵
🧡&🔁
Knowing the difference between high vs low probability market conditions/setup is what separates traders from being non-profitable to profitable and is how traders take their game to the next level.
Key Factors For High Probability Market Conditions: 1. Clear Draw on Liquidity 2. Price Follows a Narrative 3. Confluence between DXY and other pairs 4. Low Resistance Liquidity Run 5. Classic Buy/Sell Day Profiles 6. HTF Expansion 7. Setup forms during killzone