Here the narrative :
First M15 Closed Bullish OHLC. ✅
Second M15 Closed Bullish respecting the previous M15 low. ✅
Third M15 Closed Bearish under the previous M15 low. ✅
Fourth M15 Retraced into Premium of the previous M15 and rejecting in lower timeframe. ✅
Anticipating the Last M15 to be a bearish candle, respecting the previous M15 high (Stoploss) Invalidation.
- Target is your next internal or external liquidity.
Always take partials if you are in profit, because the 4 to 5 AM candle can retrace and wipe some of your profits.
If you can read the M15, you don't really need to go in M5, M3, M1 candles to get your "perfect entry" all you need is some probabilities.
Also, if the trade respect the H4 direction, higher probability for a winning trade.
The Main ICT Silver Bullet concept.💎
By : @I_Am_The_ICT 💎
Are you implementing ICT Silver Bullet in your trading?
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The Fractal Nature of Price in the Market
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Understanding the fractal nature of prices is essential for traders. ✅
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Meaning the price is the same on different timeframes. ✅
↓ twitter.com/i/web/status/1…
Session Range high and low are fractal ✅, meaning in any timeframe, you can see how the price react to those horizontal line. Example : Asian Range.
50% of any candle high and low using a fib is fractal ✅, Also you can use it as your premium and discount zones.
The 6x H4 candle into 1x Daily Candle is a powerful concept. It condenses six 4-hour candles into one daily candle, providing a good perspective of the intraday market movements.
The daily candle's range holds valuable information about market sentiment and potential breakouts.
It is crucial for beginning traders to manage their expectations, start with smaller, achievable goals, and focus on building a solid foundation of trading skills and knowledge.